Drinking game: “Policy”, “Principles”, “Investment”
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Sell that enthusiasm! |
The Hope series is the economics course. Specifically, it's the Free-Market-Fuck-Bridges course. My strength is not economics, so I asked my friends Bill and Jacob to suffer along with me through this course. Our professor is David Buckner (not to be confused with Faith's David Barton). David Buckner, is some guy who looks really sweaty and nervous on camera, but he says his lines right, so I guess that's all that counts. And he hates bridges. And airports.
My god does this man hate airports. Hope 101 opens with a 8 minute rant about why Buckner feels entitled to act like a rampaging jackass at an airport. The story goes something like this: He tries to get on the stand-by for a flight to JFK but every airport employee is a frothing vindictive crazy person that does their ungodly best to keep him boarding any airplane ever again. Every time he makes a simple request, they throw the word POLICY in his face, mock him for being poor, refuse to sell him a ticket, ask him to go away and never return, and lock him out of the system. You know, because of “Policy”. Good old Buckner gives each one of those evil airport bastards a wry sarcastic scolding, which, of course, they're too stupid to pick up on – but mysteriously makes them more angry anyway.
Bill: “I haven't decided whether he's conveniently omitting how much of an asshole he was to the airline clerk, or whether he genuinely doesn't understand why she acted the way she did because he's just not that aware of himself and others.”
His story is a bit strange, though. Maybe I don't through the right airports, but he says that he tried to purchase a stand-by ticket AFTER he went through security – hassling the beleaguered gate attendants instead of talking to the ticket desk at check-in. Ah well, I'm sure the rest of the story is completely true and his fits of sarcastic rage were totally justified.
Jacob: “I still do not understand the story... what it has to do with hope or with economics or.... anything. I really don't have any idea what this story is about. I mean, “Policy” keeps popping up like a curse word, so it's like "You should learn to be belligerent in the face of bureaucracy" is the lesson here.”
But, supposedly we're supposed to be talking about Economics. Now that everyone is fired up and pissed off about evil bureaucratic policy, we can jump right on into the economics course. Totally sensible.
Buckner: “What's important to understand is that as we unfold several of key principles that exist, these key principles, as simple as they may seem have been betrayed by policy makers in many cases. Policy makers over the decades, not just now. And yet it seems, presently, many of those policies have betrayed the very principles, even economic rules or laws, the rules of the playground, and they betray them at our own expense.”
I don't know what he said just there, but it sounded important.
We start with the idea of “Opportunity Cost” which, near as I can tell, means “pick the cheap shit.”
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She cooks like a GIRL |
Buckner's “Opportunity cost” example is a familiar, but overly complicated story about Joshua's and Jennifer's pies and cakes. If you've taken an economics or business course, you'd recognize the cakes/pies idea, but I dare you to figure out this chart.
Bill: Seems like he's trying to call to familiar old high school lessons in order to garner more legitimacy. "Hey! I remember hearing about this in school! this guy must know something!""
Buckner concludes the story with this statement:
Buckner: “The message herein is the most poignant message for wealth creation that we must get: Understanding that Joshua here is the lowest cost provider for pies. He gives up less.”
Jacob: “The female characters through this entire thing. First it was the ticket agent who hated him personally and didn't want him on the flight and now it's Jennifer who can't make pies as efficiently as Joshua”
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#4 Don't think too hard about 1-3 |
Lowest Cost Provider is a free-market idea. The idea goes a little something like this: If you can do something for the Lowest Cost, then you should always be the provider of it. In free-market economics, it doesn't make sense to hire someone who isn't the lowest cost provider and, if you're the lowest cost provider, it doesn't make sense for you to do anything else. Lowest cost = Wealth. Somehow. This is why I'm not an economics person.
Buckner: "We should all specialize in what we are the lowest cost producer"
Jacob: “Fuck your normative conclusions from your cake example! What if he produces the lowest cost blow jobs? Well he better suck that dick!”
Buckner then leads us into a discussion about the two types of economies. The ONLY two. There can be no others. In Beck Land there are only two of anything; us and them, right and wrong, good and evil. It makes sense that there are only two types of economies. But, like everything else is Beck Land, we need a special politically-correct name for each thing. The two types of economies are called Market and Planned. A “Planned Economy” has more “Equity”, while the “Market Economy” has more “Freedom.”
Jacob: “Freedom and Liberty: Not the Same Thing? And More from Incoherent Blowhards at Glenn Beck U.”
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Words! |
In his example, he says that if you order pained glass in a Planned Economy you'll always end up with either a lump of glass or fiber-optic wire, because in a Planned Economy, there's no requirement that the customer will like what they get. It's a confusing example and relies on you believeing that bureaucracies get their kicks by screwing people over. By the warning tone in Buckner's voice, I'm gunna go out on a limb here and guess a Planned Economy means SOCIALISM (read: OBAMA)
Basically, Planned Economies are inefficient because they don't operate by the will of the consumer. This example implies another basic tenant of Free-Market ideology: the market will regulate itself because the consumer will choose the product that is best.
Buckner: “Efficiencies align with Market Economies because the customer is the producer. And the producer, through competition, must respond to the customer.”
Bill: "Because people are ALWAYS rational and informed and will consider long-term vs short-term”
Jacob: “This is not efficiency in the economic sense. What he really means is Pareto efficiency. http://en.wikipedia.org/wiki/Pareto_efficiency Pareto efficiency is a minimal notion of efficiency and does not necessarily result in a socially desirable distribution of resources, as it makes no statement about equality or the overall well-being of a society. When he goes through his glass example where the glass producers are high functioning aspies who are waaay too literal, he's creating the expectation that a more Pareto efficient system is better for all even though Pareto efficiency is not necessarily socially desirable.”
Buckner then claims that we have more regulations on our economy than China. This is the only flat-out lie that I can point to. In the real world, there are no private corporations in China that aren't owned and operated by the state... so in that sense, yes, the “corporations” are freer, because they ARE the state.
Throughout the lecture, Buckner has asked us to be on the lookout for “policy makers” and “those” and “some” who try to trick you into thinking bad thoughts about planned economies. Buckner also repeatedly claims to watch out for politicians … sorry “policy makers” who might trick you into paying your hard earned money for alleged “Investments.” After a weird story about how he financed his own business with credit cards (not banks, as banks have rules and are therefore evil), he blows us away with the phrase “A bridge is not an investment.”
I want you to think about that.
A bridge is not an investment.
But why Mister Bucker, Sir? What is an investment if not something that benefits you in the long run? If a bridge is not an investment, then what is a bridge? Why do you hate bridges?
Because it does not turn a profit. Obviously.
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Bridge hate! |
It was around this point that Jacob lost his shit and started shouting about Marx. He'd been drinking pretty heavily, so I didn't get much more out of Jacob on this. Bill, on the other hand, was stone sober (as far as I know) and had this to say.
Bill: "Okay, so the bridge thing seems like he's not applying the opportunity cost concept to infrastructure like a bridge... or perhaps, that he refuses to apply opportunity costs to communities or societies as a whole, but merely to individuals. You build a bridge across a river, people don't have to use the ferry, saves an enormous number of man-hours - hell, you know how it works -- but he either doesn't see it like that, or he's being a bit dishonest. Also it appears that in his view, wealth = profit. He specifically dismisses public works projects, no matter how productive or successful they are... like the Bonneville Power Administration, a series of public-built hydroelectric dams, selling enormous amounts of power at cost. No profit. Now, to me, that's a big win for society. To him? government consumption or, as he might put it if he weren't trying to be friendly and approachable and not shrill, government redistribution.
Earlier, Buckner told us a story about how he buys milk. Apparently, he take a cab to the store to buy milk, but when he arrives and finds that the milk is too expensive, he takes the cab (presumably idling) to a different store to check the price there. He says that this is inefficient, and suggests that we should not take a cab. The moral, apparently, is that cabs are inefficient. You know what else is inefficient? Driving around a river.
Buckner: Governments don't invest. Governments transfer.
Jacob: Zombie Keynes is going to come back and eat this mans' brains.
Final thoughts:
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#5 Profit! |
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Me: Buckner gives a seemingly basic, easy to understand lesson on economics, but each lesson is loaded with ideology. The pattern of the propaganda is familiar. The actual economics stuff is familiar and simplistic, but it's interspersed with “privileged information” about free-market ideology.
Jacob: This isn't about economics or hope. It's propaganda and poisoning the well. I hate his dumb old face. Seriously Karl Marx fucking disemboweled this guy's beliefs a century and a half ago.
Bill: I get the impression they're trying to lay a framework for political campaigns to build on "it's okay to keep going for more tax cuts because the government can't really make things better with that money anyway" and "Obama can't actually do anything for you because governments only consume"
Jacob: “I'm seriously annoyed I watched that whole lecture.”