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Apr 30, 2022·edited Apr 30, 2022Liked by Geary Johansen

Small Is Beautiful: Economics as if People Mattered—one Brit fella Schumacher his name argued persuasively half a century back 😉

💬 Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction.

💬 That soul-destroying, meaningless, mechanical, moronic work is an insult to human nature which must necessarily and inevitably produce either escapism or aggression, and that no amount of 'bread and circuses' can compensate for the damage done—these are facts which are neither denied nor acknowledged but are met with an unbreakable conspiracy of silence—because to deny them would be too obviously absurd and to acknowledge them would condemn the central preoccupation of modern society as a crime against humanity.

Why not make it a party ↓ 😊

🗨 It is of course true that quality is much more difficult to 'handle' than quantity, just as the exercise of judgment is a higher function than the ability to count and calculate. Quantitative differences can be more easily grasped and certainly more easily defined than qualitative differences: their concreteness is beguiling and gives them the appearance of scientific precision, even when this precision has been purchased by the suppression of vital differences of quality. The great majority of economists are still pursuing the absurd ideal of making their 'science' as scientific and precise as physics, as if there were no qualitative difference between mindless atoms and men made in the image of God.

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Apr 30, 2022Liked by Geary Johansen

"Gold is to be found in the small- if we treat those we work with like an extended family, many things are possible. It’s why the benefits of capitalism are most seen in SMEs (small and medium enterprises), and less so in large corporations." You can often do it in large corporations IF you organize around mission rather than function, AND if you resist the siren call of "synergy."

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Apr 30, 2022Liked by Geary Johansen

I agree totally concerning SMEs and once again there's a lot of valuable insight here. One area which needs a bit more clarification is the comments on Japan. Outside Japan there is a - which can only be characterized as romantic - view that labour relations are more interactive. This does not fit the reality. The best way to characterize labour/management relationships is feudal and sexist. The company demands unconditional loyalty to itself. This is enforced by bullying and sanctions carried out by a management class that has elevated mediocrity to an art form. Hours are frequently brutally long with people still dying from overwork quite regularly. The Japanese are not encouraged to complain but to bear the bad conditions uncomplaningly (what is called the 'ganbarre' spirit). I could go on but I will just add that innovative thinking is not encouraged and in fact presenting a new idea can lead to punishment and sanction in a Japanese company.

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Apr 29, 2022Liked by Geary Johansen

Groups are where many of the trouble begins. Groups of people simply do not act like individuals do.

This is the gift of inventing individual liberty as a right to be preserved by limited government powers. It is a gift being taken for granted today.

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Good piece!

I kept thinking while reading this that you’re a neocon and just don’t know it yet. I know I’ve said that before. I don’t mean in the pejorative way that word is used today. The original neoconservatism had nothing to do with foreign policy. I haven’t actually read Irving Kristol, but I could see him making essentially the same arguments you’re making here. Neocons were “liberals who were mugged by reality,” not proponents of interventionism abroad (as they did become in later years but that’s complicated).

Have you read Tocqueville? Essentially the two dark futures he envisions for America are 1. Bureaucratic/administrative despotism and 2. Corporate oligarchs who develop outsized power. (That’s a gross simplification but you get the idea.) I share your distrust of both and your concern of “corporatism” which is a marrying of the two.

Also I appreciate your shoutout to The Theory of Moral Sentiments. I’ve read more of that than I ever have of The Wealth of Nations.

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