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Re:FEMA Spends More Preparing for Terrorism Than Hurricanes by bhupy on Friday August 28, 2020 @08:42AM (#24304162)
> Sure, and time wise we can witness countless examples of economic freedom increasing and material wealth while happiness decreases. The data doesn’t support your claim, almost every study on the subject doesn’t support your claim.

You can’t just declare “the data doesn’t support your claim” without providing any. Repeating it again and again doesn’t make it true.

On my part, I literally just provided you with a list of the most economically free countries. They include (in order): Singapore, Hong Kong, New Zealand, Australia, Switzerland, Ireland, the UK, Denmark, Canada, and the Netherlands, among many others. They correlate strongly with most accepted lists of so-called “happiest countries”. This directly refutes your claim that “we can witness countless examples of economic freedom increasing while happiness decreases”. If you’d like it directly spelled out for you, here’s the research that not only observes the same correlation, but attempts to even prove the causation.

https://www.shs-conferences.org/articles/shsconf/pdf/2016/06...

https://link.springer.com/article/10.1007/s10902-016-9770-9

https://onlinelibrary.wiley.com/doi/abs/10.1111/coep.12190

https://www.yorktonthisweek.com/2.5111/people-in-countries-w...

> You’re going to have to back up that claim

I already did, multiple times. Every single liberal industrialized nation is structured around economic markets, where the means of production are privately owned. By definition this means that the majority of the industrialized world is driven by economic self interest. There are of course variations here and there: you have the Anglo-Saxon model[1], the German Model[2] the Rhine model[3], etc. All just slightly varying accoutrements sprinkled over the same fundamental structure: how best to channel economic self-interest for the public good.

It is, in fact, you who needs to back up your claims. “Good luck!”

[1] https://en.wikipedia.org/wiki/Anglo-Saxon_model

[2] https://en.wikipedia.org/wiki/German_model

[3] https://en.wikipedia.org/wiki/Social_market_economy

Re:FEMA Spends More Preparing for Terrorism Than Hurricanes by sudosysgen on Friday August 28, 2020 @01:28PM (#24307549)
> already did, multiple times. Every single liberal industrialized nation is structured around economic markets, where the means of production are privately owned. By definition this means that the majority of the industrialized world is driven by economic self interest. There are of course variations here and there: you have the Anglo-Saxon model[1], the German Model[2] the Rhine model[3], etc. All just slightly varying accoutrements sprinkled over the same fundamental structure: how best to channel economic self-interest for the public good.

That is almost entirely orthogonal to your claim that there are no truly democratic industrialized nations.

>On my part, I literally just provided you with a list of the most economically free countries. They include (in order): Singapore, Hong Kong, New Zealand, Australia, Switzerland, Ireland, the UK, Denmark, Canada, and the Netherlands, among many others. They correlate strongly with most accepted lists of so-called “happiest countries”. This directly refutes your claim that “we can witness countless examples of economic freedom increasing while happiness decreases”. If you’d like it directly spelled out for you, here’s the research that not only observes the same correlation, but attempts to even prove the causation.

I have not made claims about economic freedom, but material wealth. The best example is the US, where economic output has grown but happiness and life-satisfaction has decreased. As I said, this must be analyzed over a time series, your comparisons are useless for hundreds of reasons. So is your equivocation of economic output and economic freedom. There have been many cases in time-series of economic freedom increasing and happiness/life satisfaction decreasing, too. In fact, one of your studies even points that out, if you've read them in their entirety: hat is, shrinking the size of the government (i.e., reducing the tax burden on citizens) seems to be negatively related to subjective well-being.

Furthermore, it is trivially true that economic output and happiness are not causative, for the simple reason that in the last 30 years or so happiness and well-being have been decreasing while economic output has been skyrocketing.

It is also trivially true that aggregate economic freedom can increase while economic output can decrease.

Finally, I've never even made the claim that we should reduce economic freedom, or that markets are bad, or anything like that. I've made two claims - that the political self-interest of the masses is essentially different from their economic self-interest in that it can suit the goals of the individual better, and that well-being and happiness is only tangentially correlated to material wealth. From these premises I draw the conclusion that we should only pursue material wealth insofar as it actually benefits our well-being, and that government involvement in the economy can be good as long as the government is actually following the will of the people and that it is the best way to do so. So far you've been attacking a bizarre strawman, and have failed to back up your claims.

Re:FEMA Spends More Preparing for Terrorism Than Hurricanes by bhupy on Friday August 28, 2020 @02:46PM (#24308550)
> That is almost entirely orthogonal to your claim that there are no truly democratic industrialized nations.

No, my original claim was that political self-interest isn't any nobler than economic self-interest. Your original claim was that "economic self-interest is fundamentally alienating", but there's very little evidence to back that up, and as I showed, there is ample evidence to the contrary.

> I have not made claims about economic freedom, but material wealth

This is your own quote:

"Sure, and time wise we can witness countless examples of economic freedom increasing and material wealth while happiness decreases. The data doesn't support your claim, almost every study done on the subject doesn't support your claims."

It is demonstrably incorrect.

> So is your equivocation of economic output and economic freedom.

I'm happy to play that game too. If economic freedom is an inadequate proxy, and your point appears to be that economic output doesn't correlate with happiness, then why is it that the nations with the highest GDP (PPP) per capita (modulo oil kingdoms) are also the happiest? https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PP...

> The best example is the US, where economic output has grown but happiness and life-satisfaction has decreased.

The US is only one data-point. It's not "the best example", it's the "only example". Economic output has grown around the entire western (and increasingly East Asian[1]) world. Happiness and life-satisfaction has not decreased around the economically liberalized world, as I showed you in the numerous linked research. You're trying to extrapolate off of just one data point. In fact, to use this single data point as an example to make the case that economic self-interest is "fundamentally alienating", would be like me pointing to the USSR or Cuba or North Korea to make the case that political self-interest is "fundamentally alienating". It's simplistic and reductive, and ignores like 30 other dependent variables.

If you want to play the "let's cite the best single data point" game, then I can just as easily point to Switzerland, which is top 3 GDP per capita (economic output), top 3 economic freedom, top 3 median wealth per adult (material wealth), among the lowest taxes in the developed world, among the lowest government spending as a % of GDP among OECD countries, and yet is...top 5 by "happiness index".

Also, it's debatable if it even makes sense to consider the US one datapoint, because it's in reality a collection of 50 data points, since each State has its own socioeconomic policies, and happiness levels. You'll find that there's considerable variance in happiness among the States: https://www.usnews.com/news/best-states/rankings, and a large handful of States are among the happiest in the world.

The US is also an odd data-point to cite, because the size of its government has been increasing over time, not decreasing. Inflation adjusted federal spending is the highest it's ever been, and federal receipts as a percentage of GDP have been basically flat since WW2: https://fred.stlouisfed.org/series/FYFRGDA188S

In just about every way, it's not the best mascot for your case.

> From these premises I draw the conclusion that we should only pursue material wealth insofar as it actually benefits our well-being, and that government involvement in the economy can be good as long as the government is actually following the will of the people and that it is the best way to do so.

But this is tautological. Nobody actually disagrees with this, that's not where the contention lies.

The contention is 1) whether "government involvement in the economy" necessarily follows the "will of the people" and 2) whether economic incentives do not. The debate is that government involvement does not always do that, especially given a heterogenous polity where you can pit factions against each other. A similar debate is that economic incentives not only do not ignore the will of the people, the two are often positively correlated, because you need to make consumers happy to win their business. There are obviously exceptions to both the former and the latter, but on average, the world's societies have largely converged around systems that maximize economic self-interest and only incorporating political self-interest insofar as economic self-interest yields sub-optimal outcomes, and in fact using political self-interest to channel economic self-interest in socially optimal ways.

[1] https://en.wikipedia.org/wiki/East_Asian_model_of_capitalism