Scott Sumner has a new post on inner-beliefs and the belief in the wisdom of crowds. It is a pretty interesting take on what it really means to develop and ideas and then consensus; in what I read as meaning in a non-egotistical way.
Though, it seems to me that the marketplace of ideas is indeed a market, and therefore an undying belief in the wisdom of crowds appears to have some loose ends. Is it not somewhat of a contradiction to believe in the wisdom of crowds and then call them mad when an empty-under-the –transplants buffoon hijacks a major political party?
Or, perhaps there is something there that intellectuals simply do not understand.
We all like to think that we matter. But the truth of it is that most of our personal views, whether they be rational or not, are mostly irrelevant to anything that happens on a massive scale. It doesn’t matter what I believe is the right thing to do. I can share my opinion, but it only matters as much as much as it matters to others – because the opinions and ideas expressed resonate – which has something to do with leadership, especially when the audience doesn’t spend much time pondering the world around them and leaves the deep thinking to others.
It doesn’t matter what Trump says in the sound bites because he has leadership qualities that nobody else in the race has. He leaves the impression upon average people that what they think matters, and that is what sets him apart, making Hillary look as if she lives in an Ivory Tower in the vicinity of Wall St. People are fed up with being told to take a number and wait to be called upon while nearly everyone else gets a pass to the front on account of identity or pockets overflowing with excess cash.
The Trump supporters I know all say pretty much the same thing. They say it’s been tough to do business or tough to find a job and keep it, and they think the folks in the Beltway are blind and deaf to their troubles while pandering to identity groups and deep pockets. They don’t care about who is marrying whom, or about bathrooms or bedrooms and don’t really want to know what is going on in them except for their own. They feel their ability to survive has been constantly trounced upon and want it to end, and the only way for it to end is with new leadership. They are not in the mood for nice, proper, and politically correct. It is the small business and workingman’s version of hope and change – Hooligonia.
A day late and a dollar short:
It appears that Obama is at least trying to respond to the discontent by raising the cap on overtime pay for salaried employees, as a sort of shortcut around the more heathy reasons wages would rise. But price floors create shortages, and so it will only make the discontent that much greater. I give him at least a little bit of credit for not being completely deaf. But he really needs to fire Janet Yellen instead because there is a reason that the act containing the Fed’s mandates has the title of “Full Employment and Balanced Growth” rather than “Some Employment and Zero Inflation.”
PS: I don’t like Trump. But as an observer, there is a touch of grandness about the power of the people that is worth reveling in, and that, in itself, makes the situation easier to make peace with.
PPS: Perhaps it was tongue in cheek, but on one of the conservative blogs that is more #NeverTrump than not, they were talking about a civil war. And I pondered it for a moment, wondering on which side I’d find myself should such a thing happen. I fear that they would not like the answer, because, frankly, I have tired of their petty stars upon thars distractions with ideological purity tests that are nearly as insulting to my intelligence as Hillary telling me I must vote for her because she has the same plumbing. They are more the problem with the GOP than they realize, as one of the identity groups to be pandered to with legislated morality while real concerns of the general welfare go unaddressed.