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Archive for August 3rd, 2009

I love reading Paul Krugman’s NY Times columns and especially the comments that follow because they offer a fascinating glimpse of certain moral principles that are completely alien to my personal philosophy. It is like going into a country where they seem to speak the same language; yet their words mean completely different things than what you are used to.

For instance, in today’s article, PK rages against the practice of high speed trading and certain kinds of financial speculation on the ground that they are socially worthless. But at least he merely suggests higher income taxes to deal with such practices. His commenters go several levels further. They are so — oh so — outraged that some rich people are merely following Capitalism 101 rather than contributing to some “social good” that they want the guys arrested; some go further and demand a popular revolution to fundamentally steer the nation towards social democracy.

Not so long ago, Soviet Russia and countries under its influence measured not just economic activity but everything from art to films according to their social utility in furthering the principles of communism; those that did not pass the test were banned or worse. So the NY Times readers are continuing a worthy tradition.

What can I say? In my universe, freedom — freedom to invest or speculate, to be foolish or smart, to give back to society or be a rich miser — is of far, far greater importance than judging whether the exercise of freedom actually contributes to some social good. So the morality of the NY times commenters with their particular sense of justice and fairness is alien to me. Once upon a time, when faced with such morality, I would rage and scream silently inside at the grotesque sense of entitlement displayed. These days, I am merely amused; it is a bit like going to an alternate universe full of strange creatures.

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