individualism for the masses

BK Marcus is an amateur political economist with no formal education in the subject.

He works from Charlottesville, Virginia as an editorial consultant for the Ludwig von Mises Institute and managing editor of Mises.org.

He is no longer a house husband, nor a faculty spouse, but he is still a dilettante and a layabout, at least in spirit.

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"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."

Murray Rothbard

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Benjamin Tucker Marcus
February 19, 2010

“Socially Responsible Investing” and other forms of depravity

April 11th, 2007 by bkmarcus

See J. Henderson’s post at blog.Mises for a quick summary of “socially responsible investing” (SRI).

Like the whole “fair trade” scam, “green business,” etc., SRI is legitimately a part of the free market, and libertarians (qua libertarians) cannot fault it.

But we all have subordinate values as well.

I know socially conservative libertarians who will decry pornography, drugs, prostitution, etc., while also opposing any use of force against them. Me, I’m all for pornography, drugs, and prostitution (though not before noon), but I’ll happily revile the irrationalism of secular religions such as “social justice” (collectivism’s perversion of individualism’s ideal), environmentalism (aka “ecological mysticism”), or any activist cause with the word “child” or “children” in its name.

Here’s a quick tip: whenever you encounter a perfectly good individualist word, such as responsible, justice, or contract, modified by “social” or “socially” … hold your nose, hold your breath, hold on to your wallet, and remove impressionable offspring from the source of semantic pollution.

Posted in language, philosophy | 2 Comments »

2 Responses

  1. On ,
    Anthony Gregory said,

    None before noon? You must be some kind of rightwinger!


  2. On ,
    Stephen Carson said,

    The original libertarian screed against “social” + “perfectly good individualist word” is F. A. Hayek’s book-length attack: The Mirage of Social Justice. http://www.amazon.com/mirage-social-justice-legislation-liberty/dp/071008403X/

    I’ve seen critiques of Hayek on this but I still think he was way more right than wrong in going after the very notion of “social justice”. The term clouds thinking much more than it clarifies.


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