Quotulatiousness

January 27, 2012

Megan McArdle finds the right word to describe Obama’s vision: Nostalgianomics

Filed under: Economics, History, Politics, USA — Tags: , , , — Nicholas @ 09:41

In her column in The Atlantic, Megan McArdle points out the extremely ahistorical nostalgia that seems to infuse President Obama’s vision:

Surely Obama’s economic advisors have not told him that they know how to replicate the growth of the 1950s — and if they did, surely the last three years have given the lie to this belief.

I think the speech made it even clearer that other speeches have that the president’s vision of the world is a lightly updated 1950s technocracy without the social conservatism, and with solar panels instead of rocket ships. Government and labor and business working in tightly controlled concert, with nice people like Obama at the reins — all the inventions coming out of massive government or corporate labs, and all the resulting products built by a heavily unionized workforce that knows no worry about the future.

There are obviously a lot of problems with this vision. The first is that this is not what the fifties and sixties were actually like — the government and corporate labs sat on a lot of inventions until upstart companies developed them, and the union goodies that we now think of as typical were actually won pretty late in the game (the contracts that eventually killed GM were written in the early 1970s).

And to the extent that the fifties and sixties were actually like this, we should remember, as Max Boot points out, that this was not actually the day of the little guy. Big institutions actually had a great deal more power than they do now; it was just distributed somewhat differently — you had to worry less about big developers slapping a high-rise next to your single-family neighborhood, and a whole lot more about Robert Moses deciding he wanted to run a freeway through the spot where your house happened to be.

The military model of society — employed by both Obama, and a whole lot of 1950s good government types — was actually a kind of creepy way to live. As Boot says, “America today is far more individualistic and far more meritocratic with far less tolerance for rank prejudice and far less willingness to blindly follow the orders of rigid bureaucracies.” If you want the 1950s except without the rigid conformity and the McCarthyism, then you fundamentally misunderstand what made the 1950s tick.

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