September 24, 2017

America’s Engine Is Being Slowed by Complacency

It was an epoch-defining decision to place in Westminster Abbey, among statues of monarchs, priests and poets, a large one of James Watt, inventor of the separate-condenser steam engine.

It was an epoch-defining decision to place in Westminster Abbey, among statues of monarchs, priests and poets, a large one of James Watt, inventor of the separate-condenser steam engine. The statue’s inscription says Watt ranks among the world’s benefactors because he “increased the power of man.” The economist and historian Deirdre McCloskey believes this honor, conferred in 1834, signified society’s endorsement of the dignity of practical people who apply science for human betterment.

The Great Enrichment is McCloskey’s term for what, in a sense, started with steam and has been, she believes, the most important human development since the invention of agriculture 10,000 years ago. The development is the explosion of economic growth that began around 1800 and has, especially since reaching China and India, lifted billions of people from poverty. Today, however, the Great Enrichment might be running out of steam in the United States, which for two centuries has given propulsive energy to it.

In 1800, McCloskey says, the world’s economy was where Bangladesh’s economy now is, with no expectation of change. Today, most of the jobs that existed just a century ago are gone. And we are delighted that this protracted disruption occurred. Now, however, the Great Enrichment is being superseded by the Great Flinch, a recoil against the frictions and uncertainties — the permanent revolution — of economic dynamism. If this continues, the consequences, from increased distributional conflicts to decreased social mobility, are going to be unpleasant.

Although America is said to be — and many Americans are — seething about economic grievances, Tyler Cowen thinks a bigger problem is complacency. In his latest book, “The Complacent Class: The Self-Defeating Quest for the American Dream,” Cowen, professor of almost everything (economics, law, literature) at George Mason University and co-author of the Marginal Revolution blog, argues that the complacent class, although a minority, is skillful at entrenching itself in ways detrimental to the majority.

For 40 years, Cowen believes, “we have been building toward stasis,” with a diminishing “sense of urgency.” Americans and American businesses are, on average, older than ever. Interstate migration — a risk-taking investment in a hoped-for future — has been declining since the mid-1980s. Although there is much talk about job churning, the percentage of workers with five or more years on the job has increased in 20 years from 44 to more than 50. Declining labor mobility is partly the result of the domestic protectionism of occupational licensing. “In the 1950s,” Cowen writes, “only about 5 percent of workers required a government-issued license to do their jobs, but by 2008, that figure had risen to about 29 percent.”

There is “more pairing of like with like” (assortative mating, economically homogenous neighborhoods, segregation by educational status) and the nation is losing the capacity and will “to regenerate itself.” In the 19th century and much of the 20th century, travel speeds increased dramatically; since the 1970s, ground and air congestion has slowed travel. Fifty-two years ago, children’s most common leisure activity was outdoor play; today, the average 9-year-old spends 50 hours a week staring at electronic screens. Today, Cowen notes, campuses are one of society’s segments “where the complacent class exercises its strongest influences,” doing so to preserve, like flies in amber, its status and consensus, thereby slowing what the economist Vilfredo Pareto called the “circulation of elites.”

Most alarming is American democracy becoming a gerontocracy. The Steuerle-Roeper Fiscal Democracy Index measures how much of the allocation of government revenues is determined by current democratic processes and how much by prior decisions establishing permanent programs running on autopilot. The portion of the federal budget automatically spent by choices made years ago is approaching 90 percent. An aging population is devouring an increasing portion of national resources — federal revenues dispersed by the entitlement state to provide Social Security and Medicare to the elderly, the nation’s past. This will worsen. Because government is more important to its elderly beneficiaries than to any other age cohort, a higher percentage of the elderly vote compared to any younger cohort.

For complacent Americans, a less dynamic, growth-oriented nation seems less like an alarming prospect than a soothing promise of restfulness. In a great testimonial to capitalism’s power, “The Communist Manifesto,” Karl Marx wrote: “All fixed, fast-frozen relations, with their train of ancient and venerable prejudices and opinions, are swept away, all new-formed ones become antiquated before they can ossify. All that is solid melts into air.” Complacent, because comfortable, Americans have had enough of that.

© 2017, Washington Post Writers Group

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.