Sideways Mencken Survivor Guilt Can we dispense with one thing up front? It's not the "magic of the marketplace." There's no magic. There was never any magic.



The free -- or free ish -- market is the best way we've found so far to ensure that more people are eating than are starving. It works. But it doesn't work pretty. It's crude. It's messy. It works like a 20 year-old Compaq with a frayed power cord. It gets the job done, but magic? No. So don't make a religion out of it. Don't pray to it. It's not Jesus. It's not Jehovah. It's not the Buddha. It's not even Harry Potter.



The marketplace is devoid of morality. It doesn't reward the good and punish the bad. It doesn't even reward the hard working. Or the smart. Or the capable. It shoves a bunch of money into the pockets of people who may, taken as a group, be somewhat more capable than those who aren't getting the cash, but that in no way suggests that any blessed individual is deserving or any screwed individual is undeserving.



It's hit or miss. It's not a smart bomb, it's a World War 2 era 1000-pounder falling from a meandering prop plane: it means to hit a target, but mostly it misses, and when it does blow up a target it tends to blow up a few houses next door. And a church. Maybe an orphanage. Crudely effective, not magic.



A drunk usually manages to drive himself home without hitting anyone, but that doesn't make the drunk a wizard.



But talk about the marketplace this way, as the leeches and enemas of economic systems, and people get very pissy. See, people need magic. They need faith in something perfect. So they need to believe that the economic system is somehow akin to God. They need the system to be benign and rational and moral.



The winners need to believe they deserve what they get, and the losers need to believe that all they really need to do is try again and they, too, will be winners. It's about 75% bullshit. Because as much as people hate to hear it, success or failure is, like all of life, affected by more than free will and positive thinking. DNA, environment and pure luck all have a role in your life. And the magic of the marketplace doesn't somehow exert its magical magitude and reshuffle that deck.



It looks right now as if 2009 will be a good year for me, marketplace-wise. You know why? Because some wad of gray goo in a corner of my brain was formed by DNA and environment into a tiny, slimy little plot machine. And luck led me to my wife, and put me in an English-speaking country at a time when those facts can be translated into income. If bad luck blows a hole in an artery tomorrow, guess what? Suddenly that wad of gray goo dies and I'm bagging groceries for minimum wage.



That's scary. It's scary to think that all you have, all you are, is a consequence of some kind of alchemy between DNA, environment, random chance and free will -- four factors that are each part of the other -- but that's the reality. And given what we've seen of the billionaire masters of the universe lately, isn't it time, finally, to admit the truth? There's no magic here. No morality. Assholes win, good people lose. Idiots win and geniuses lose. And other times the reverse. And the system we have isn't wonderful, it stinks. It's just the best we've come up with so far. Can we dispense with one thing up front? It's not the "magic of the marketplace." There's no magic. There was never any magic.The free -- or free-- market is the best way we've found so far to ensure that more people are eating than are starving. It works. But it doesn't work pretty. It's crude. It's messy. It works like a 20 year-old Compaq with a frayed power cord. It gets the job done, but magic? No. So don't make a religion out of it. Don't pray to it. It's not Jesus. It's not Jehovah. It's not the Buddha. It's not even Harry Potter.The marketplace is devoid of morality. It doesn't reward the good and punish the bad. It doesn't even reward the hard working. Or the smart. Or the capable. It shoves a bunch of money into the pockets of people who may, taken as abe somewhat more capable than those who aren't getting the cash, but that in no way suggests that any blessed individual is deserving or any screwed individual is undeserving.It's hit or miss. It's not a smart bomb, it's a World War 2 era 1000-pounder falling from a meandering prop plane: it means to hit a target, but mostly it misses, and when it does blow up a target it tends to blow up a few houses next door. And a church. Maybe an orphanage. Crudely effective, not magic.A drunk usually manages to drive himself home without hitting anyone, but that doesn't make the drunk a wizard.But talk about the marketplace this way, as the leeches and enemas of economic systems, and people get very pissy. See, people need magic. They need faith in something perfect. So they need to believe that the economic system is somehow akin to God. They need the system to be benign and rational and moral.The winners need to believe they deserve what they get, and the losers need to believe that all they really need to do is try again and they, too, will be winners. It's about 75% bullshit. Because as much as people hate to hear it, success or failure is, like all of life, affected by more than free will and positive thinking. DNA, environment and pure luck all have a role in your life. And the magic of the marketplace doesn't somehow exert its magical magitude and reshuffle that deck.It looks right now as if 2009 will be a good year for me, marketplace-wise. You know why? Because some wad of gray goo in a corner of my brain was formed by DNA and environment into a tiny, slimy little plot machine. And luck led me to my wife, and put me in an English-speaking country at a time when those facts can be translated into income. If bad luck blows a hole in an artery tomorrow, guess what? Suddenly that wad of gray goo dies and I'm bagging groceries for minimum wage.That's scary. It's scary to think that all you have, all you are, is a consequence of some kind of alchemy between DNA, environment, random chance and free will -- four factors that are each part of the other -- but that's the reality. And given what we've seen of the billionaire masters of the universe lately, isn't it time, finally, to admit the truth? There's no magic here. No morality. Assholes win, good people lose. Idiots win and geniuses lose. And other times the reverse. And the system we have isn't wonderful, it stinks. It's just the best we've come up with so far. This entry was posted by Michael Reynolds, on Friday, February 20, 2009. You can leave your response.