Why "Free Trade" is so Popular.

"A misconception that has become conventional wisdom is never corrected. Opinions are transmitted hereditarily, ending up as accepted history."

— Remy de Gourmont

The Flitcraft Parable

Sam Spade tells Brigid O'Shaughnessy about one of his cases:

A man named Flitcraft had left his real-estate-office, in Tacoma, to go to luncheon one day and had never returned. He did not keep an engagement to play golf after four that afternoon, though he had taken the initiative in making the engagement less than half an hour before he went out to luncheon. His wife and children never saw him again. His wife and he were supposed to be on the best of terms. He had two children, boys, one five and the other three. He owned his house in a Tacoma suburb, a new Packard, and the rest of the appurtenances of successful American living.

Flitcraft had inherited seventy thousand dollars from his father, and, with his success in real estate, was worth something in the neighborhood of two hundred thousand dollars at the time he vanished. His affairs were in order, though there were enough loose ends to indicate that he had not been setting them in order preparatory to vanishing. A deal that would have brought him an attractive profit, for instance, was to have been concluded the day after the one on which he disappeared. There was nothing to suggest that he had more than fifty or sixty dollars in his immediate possession at the time of his going. His habits for months past could be accounted for too thoroughly to justify any suspicion of secret vices, or even of another woman in his life, though either was barely possible.

"He went like that," Spade said, "like a fist when you open your hand ... Well, that was in 1922. In 1927 I was with one of the big detective agencies in Seattle. Mrs. Flitcraft came in and told us somebody had seen a man in Spokane who looked a lot like her husband. I went over there. It was Flitcraft, all right. He had been living in Spokane for a couple of years as Charles — that was his first name — Pierce. He had an automobile-business that was netting him twenty or twenty-five thousand a year, a wife, a baby son, owned his home in a Spokane suburb, and usually got away to play golf after four in the afternoon during the season."

Spade had not been told very definitely what to do when he found Flitcraft. They talked in Spade's room at the Davenport. Flitcraft had no feeling of guilt. He had left his first family well provided for, and what he had done seemed to him perfectly reasonable. The only thing that bothered him was a doubt that he could make that reasonableness clear to Spade. He had never told anybody his story before, and thus had not had to attempt to make its reasonableness explicit. He tried now.

"I got it all right," Spade told Brigid O'Shaughnessy, "but Mrs. Flitcraft never did. She thought it was silly. Maybe it was. Anyway, it came out all right. She didn't want any scandal, and, after the trick he had played on her--the way she looked at it--she didn't want him. So they were divorced on the quiet and everything was swell all around.

"Here's what had happened to him. Going to lunch he passed an office-building that was being put up--just the skeleton. A beam or something fell eight or ten stories down and smacked the sidewalk alongside him. It brushed pretty close to him, but didn't touch him, though a piece of the sidewalk was chipped off and flew up and hit his cheek. It only took a piece of skin off, but he still had time scar when I saw him. He rubbed it with his finger — well, affectionately — when he told me about it. He was scared stiff of course, he said, but he was more shocked than really frightened He felt like somebody had taken the lid off life and let him look at the works."

Flitcraft had been a good citizen and a good husband and father, not by any outer compulsion, but simply because he was a man who was most comfortable in step with his surroundings. He had been raised that way. The people he knew were like that. The life he knew was a clean orderly sane responsible affair. Now a falling beam had shown him that life was fundamentally none of these things. He, the good citizen-husband-father, could be wiped out between office and restaurant by the accident of a falling beam. He knew then that men died at haphazard like that, and lived only while blind chance spared them.

It was not, primarily, the injustice of it that disturbed him: he accepted that after the first shock. What disturbed him was the discovery that in sensibly ordering his affairs he had got out of step, and not into step, with life. He said he knew before he had gone twenty feet from the fallen beam that he would never know peace again until he had adjusted himself to this new glimpse of life. By the time he had eaten his luncheon he had found his means of adjustment. Life could be ended for him at random by a falling beam: he would change his life at random by simply going away. He loved his family, he said, as much as he supposed was usual, but he knew he was leaving them adequately provided for, and his love for them was not of the sort that would make absence painful.

"He went to Seattle that afternoon," Spade said, "and from there by boat to San Francisco. For a couple of years he wandered around and then drifted back to the Northwest, and settled in Spokane and got married. His second wife didn't look like the first, but they were more alike than they were different. You know, the kind of women that play fair games of golf and bridge and like new salad-recipes. He wasn't sorry for what he had done. It seemed reasonable enough to him. I don't think he even knew he had settled back naturally into the same groove he had jumped out of in Tacoma. But that's the part of it I always liked. He adjusted himself to beams falling, and then no more of them fell, and he adjusted himself to them not falling."

— Dashiell Hammett, "The Maltese Falcon" (1929)

Tiresome Nonsense

There's a pretty good article on Ayn Rand and the moral bankruptcy of "Objectivism" in the 23 September 2009 issue of the New Republic.

Is income really a measure of productivity? Of course not. Consider your own profession. Do your colleagues who demonstrate the greatest skill unfailingly earn the most money, and those with the most meager skill the least money? I certainly cannot say that of my profession. Nor do I know anybody who would say that of his own line of work. Most of us perceive a world with its share of overpaid incompetents and underpaid talents. Which is to say, we rightly reject the notion of the market as the perfect gauge of social value.

Now assume that this principle were to apply not only within a profession--that a dentist earning $200,000 a year must be contributing exactly twice as much to society as a dentist earning $100,000 a year--but also between professions. Then you are left with the assertion that Donald Trump contributes more to society than a thousand teachers, nurses, or police officers. It is Wall Street, of course, that offers the ultimate rebuttal of the assumption that the market determines social value. An enormous proportion of upper-income growth over the last twenty-five years accrued to an industry that created massive negative social value--enriching itself through the creation of a massive bubble, the deflation of which has brought about worldwide suffering.

If one’s income reflects one’s contribution to society, then why has the distribution of income changed so radically over the last three decades?

It can't be repeated often enough.

"America has arisen to a position where she is respected and admired by the entire world. She did it by minding her own business."

— Senator William Borah
1919 speech in Brooklyn

I Guess "Lick Dick" Had a Different Meaning in 1960 ...

Thoughts about the Tasks of the Future

"It is not enough to change a system, to replace one economic system by another— necessary above all is a CHANGE OF SPIRIT! The spirit which is to be overcome is the SPIRIT OF MATERIALISM! We must achieve an entirely new kind of economic thinking, a kind of thinking which frees itself from the present conceptions rooted in money, in property, in profit and false success ! It is an indication of the Marxist, the false Socialism, that its way of thinking is exactly that of capitalism. For this reason I have said for years that the two form a spiritual unity, only with reversed signals!"

— Gregor Strasser,

Thoughts about the Tasks of the Future,
15 June 1926

An Old Lesson, Seldom Learned

"Making war upon rebellion was messy and slow, like eating soup with a knife."
—T. E. Lawrence, Seven Pillars of Wisdom