“The characteristic of genuine heroism is its persistency. All men have wandering impulses, fits and starts of generosity. But when you have resolved to be great, abide by yourself, and do not weakly try to reconcile yourself with the world. The heroic cannot be the common, nor the common the heroic.”
– Ralph Waldo Emerson
Continue reading →“What can be asserted without evidence can also be dismissed without evidence.” – Christopher Hitchens
Here is a theory of regulation that was new to me – Bootleggers and Baptists:
“Here is the essence of the theory: durable social regulation evolves when it is demanded by both of two distinctly different groups. “Baptists” point to the moral high ground and give vital and vocal endorsement of laudable public benefits promised by a desired regulation. Baptists flourish when their moral message forms a visible foundation for political action. “Bootleggers” are much less visible but no less vital. Bootleggers, who expect to profit from the very regulatory restrictions desired by Baptists, grease the political machinery with some of their expected proceeds. They are simply in it for the money.”
– From “Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics” by Adam Smith and Bruce Yandel (2014-09-07). (Kindle Locations 50-55). Cato Institute. Kindle Edition.
In many domains, particularly community relations, we see the unelected “community leaders” speak on behalf of entire communities, engaging in grievance mongering and exaggeration of issues so as directly profit and accrue power. These Baptists preach a moral fable of oppression in order to profit as bootleggers.