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Left-Right Isn’t About Markets

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Left-Right Isn’t About Markets

Robin Hanson
Apr 7, 2010
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Left-Right Isn’t About Markets

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Matt Yglesias:

In the spectrum debate, a commons is considered a “left-wing” position, while property rights are considered “right-wing.” In contrast, in the carbon debate you find right-wingers advocating a “carbon commons” while left-wingers advocate a property-like regime called cap and trade.

… To borrow an idea from Robin Hanson, I think it’s useful to think about political conflict in terms of valorized figures. On the right, you see a lot of valorization of businessmen. On the left, you see a lot of valorization of pushy activists who want to do something businessmen don’t like. Formally, the right is committed to ideas about free markets and the left is committed to ideas about economic equality. But in practice, political conflict much more commonly breaks down around “some stuff some businessmen want to do” vs “some stuff businessmen hate” rather than anything about markets or property rights per se. Consequently, on the left people sometimes fall into the trap of being patsies for rent-seeking mom & pop operators when poor people would benefit more from competition from a corporate bohemoth.

Yup; political ideology, like most ideology, is a lot more about who should get respect than it is about abstract principles of governance.

Added 10a: Pushy activists and businessmen emphasize different features in desirable associates.  Pushy activists seek shared values, passionately and articulately expressed.  Businessmen seek practical competence, and a respect for [contract] law and hierarchy.  So does my push for a focus on robot respect for law flag me as politically right?

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Left-Right Isn’t About Markets

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Left-Right Isn’t About Markets

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Overcoming Bias Commenter
May 15

I've always thought of myself as right-wing, but I favor (revenue neutral) carbon taxes (perhaps combined with geo-engineering) & abolishing the F.C.C. I'm also disappointed to hear that Cato gives the thumbs-down to nuclear power.

I think you can only have so many successful pushy activists. A society full of businessmen would seem to be better off than one full of activists.

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Overcoming Bias Commenter
May 15

I don't think the cap & trade divide is quite so simple as some of the comments here suggest. Some of the opposition is about simplicity. Property rights are effective only if they are simple. If there are good property records, but you have to bribe 6 bureaucrats to amend them, then property rights are still pretty weak. This seems like a danger with CO2 trading in the hands of our federal government.

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