Fedora-Capitalism On Black Friday

False dilemma, thy name is Jeff Tucker
So, according to Tucker, the “fullness of (humanity’s) fruits” is being trampled by high time preference-types for a $200 Playstation 3. Most of them are buying these deals on credit, as well. I’m sure our ancestors are proud.

It’s strange to me that Jeff suggests we “never take abundance for granted.” I mean, isn’t he an Austrian economist? IIRC, Böhm-Bawerk’s major contribution to economic thought was to formalize the notion that human actors are naturally-inclined to take abundance for granted: marginal utility, diamond-water paradox and whatnot.

Instead of this contrarian (and contradictory) edgytarianism, Tucker should have posed the following question: what happens when post-scarcity creates a society of disconnected, materialistic people? Instead of praising that we have so much crap to buy, I think one should voice concern that a large swathe of people value camping out for cheap electric crap over spending time with their families. It’s kinda hard to appeal to human beings when you belie a complete lack of humanity, O’Lisping One.

I would wager that the Classical Liberals of ages past wouldn’t echo Tucker’s praise for Black Friday. I’m fairly certain that the idea of mass-consumerism and usury being pursued to the degree our modern economy pursues would have been abhorrent to them. I’m pretty sure they would have recognized that this system does nothing positive for the market or for individual rights. I’m also pretty sure they wouldn’t consider a world of regressed, animalistic consumers the logical and preferable result of productive labor and laissez-faire.

Though I’m certain to receive sneers and put-downs by the bow-tie progressives, I readily admit that I would prefer a hunter-gather society to the world of Black Friday deals. Of course, I do not buy into the argument that we have only two choices in this matter.