Libertarianism vs an RBE

http://managainstthestate.blogspot.co.uk/2012/07/2nd-post-to-ben-mcleish.html

Ben McLeish of the Zeitgeist Movement and Graham Wright, author of the above blog, are having an interesting debate on the merits (or not) of an RBE cf the libertarian Austrian Economics model.

There are surprising points of agreement, which make me wonder whether AE isn't closer to an RBE than the current economic system.

But I have lighted on Wright's response to a comment on his blog, here separtaed into individual points with my thoughts:

•  "Economics is the study of the logical consequences of human action". Maybe. As many know, economics is more literally something like household management, and I prefer that as a definition or starting point.
  
• "Political philosophy is about devising a set of principles for ownership (i.e. who has ultimate decision-making jurisdiction over which resources)". In an RBE there is no need for ownership, only access. As to decision-making, decisions would be arrived at by applying the scientific method.
• "economics can teach what consequences we can expect from different ownership principles being used in societies". Maybe it can, but in an RBE we are not interested in "ownership models".
• " Economics is the body of knowledge that can tell us whether resources will be used more efficiently for satisfying human desire [in one or another system]". In economics the word 'want' covers what would commonly be distinguished as 'need' and if 'desire' is used in the same sense as 'want' it has the same problem as far as I am concerned.

What is the overarching aim of a system for operating planet earth (which is what economics should be about)? Ownership isn't a first principle. You own something so that you can exclusive and unlimited access it - thus access underlies ownership and it is what an RBE seeks to optimise.

Somewhere in their discussion, McLeish differentiates 'good' growth from 'bad' growth and Wright asks him to explain/clarify. I don't know if he has done so, but Robert Kennedy's critique of GDP/GNP will serve (see http://www2.mccombs.utexas.edu/faculty/michael.brandl/main%20page%20items/Kennedy%20on%20GNP.htm):

"Our gross national product ... counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for those who break them. It counts the destruction of our redwoods and the loss of our natural wonder in chaotic sprawl. It counts napalm and the cost of a nuclear warhead, and armored cars for police who fight riots in our streets. .... Yet the gross national product does not allow for the health of our children, the quality of their education, or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages; the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage; neither our wisdom nor our learning; neither our compassion nor our devotion to our country; it measures everything, in short, except that which makes life worthwhile."

So, we are looking for growth in the good things Kennedy lists here. I'm sure that's a close enough description of 'good growth' for McLeish.

As appealing as quality of life and/or happiness are as indicators, they are tricky to enumerate. If you are healthy and happy you will presumably live longer. Maybe life length is a good enough proxy for 'good growth'. That said, if people live longer there will be more of us on the planet. Maybe populatiin is the simplest proxy for good growth? Obviously, there is a limit to how many people the planet can sustain. If our resource efficiency is optimal, we will be sustaining as much population as those resources can allow.

Economic growth

The new series of In Business on BBC Radio 4 started this week with an analysis of Economic growth, entitled "Growing Pains. http://www.bbc.co.uk/programmes/b00w228b I found it balanced, and was pleased that even those who defended it said that it wasn't an end in itself - something our politicians need to learn.

I think it is plausible that human ingenuity will grow infinitely, but some commentators doubt that it can grow quickly enough to tackle our planet's imminent problems by itself. it is plainly true that we have a finite limit on our physical resources - we are in a resource based economy in the general sense even if past economists have wrongly predicted when we would reach them. I think we need to start preparing for the inevitability now.

Economic growth sounds OK, or even good. That's part of the problem. It is technically an increase in Gross Domestic Product (or maybe Gross National Product - the difference isn't important in this context), yet it can include the productive value of clearing up after environmental disasters, or dealing with disease break outs. (Obviously dealing with them is a good thing to do in individual cases, but we don't want any more, just to get economic growth. What we in fact want is growth in healthiness, amongst other things).
And it's all very well scoffing at at attempts to measure happiness, but we do actually want to be happier, so why not try?

Some proponents of economic growth on the radio programme claimed that life expectancy has improved because of economic growth. Whether or not that is true, or whether its a cum ergo ergo propter hoc argument is not really the point. The increase in life expectancy is the thing being aimed for and what we should keep our sights on.

Three reasons to scrap GDP

It's easy to hear the words "economic growth" and think it sounds good, but it's the growth in Gross Domestic Product (GDP). This article

http://www.condoroptions.com/index.php/more-to-life/three-reasons-to-scrap-gdp/

Has a nice three point critique.

This quote from Robert F Kennedy is used to crystallise the argument:

"The gross national product includes air pollution and advertising for cigarettes and ambulances to clear our highways of carnage. It counts special locks for our doors and jails for the people who break them. GNP (a slightly different but related measure) includes the destruction of the redwoods and the death of Lake Superior. It grows with the production of napalm, and missiles and nuclear warheads… it does not allow for the health of our families, the quality of their education, or the joy of their play. It is indifferent to the decency of our factories and the safety of our streets alike. It does not include the beauty of our poetry or the strength of our marriages, or the intelligence of our public debate or the integrity of our public officials. It measures everything, in short, except that which makes life worthwhile.”

Defenders of it say "that GDP was never intended to be a catch-all measurement for quality of life or the overall success of a country. But that’s precisely what it has become."