Skip to main content

The Price of Societal Dishonesty

We have all heard the label “Political Correctness,” or its abbreviated form “PC.” It is a term used to describe the state of a society that inhibits the use of certain language or certain behaviors that it deems to be “incorrect,” or perhaps better said – offensive. The concept of political correctness has been with us for some time now, maybe tracing its roots back to the 60’s when the fight against discrimination took off in America, but it has clearly picked up steam big time in the past decade or so. In fact, we now see PC warriors – those who are militant – fighting to repress any group who might express views that they deem to be distasteful.  The incredible irony is that a movement that sought to enhance freedoms of those who were thought to be downtrodden or discriminated against by society, is now itself committed to extinguishing the freedom of others.

I dislike like the term “Political Correctness,” and feel that, like all Orwellian terms, it understates the toxicity of the philosophy. I prefer the term “Societal Dishonesty,” which I believe captures the essence much better. Of course, I’m not so na├»ve to know that discrimination exists and it is indeed ugly. I’ve been on the wrong end of it many times. But, I also believe that it cannot and must not be suppressed by edict but rather by shining the light of day on the ignorance that always underscores it.

Further, I am certain that we all pay a tremendous price because of this newfound intolerance, and this price has a few components to it. These include:

1.The erosion of freedom – If it is ok for government to dictate what we cannot say, then where will that end?

2.The perpetuation of a victim mentality among too large and growing segment of our population – When groups organize around collective victimhood the outcomes can never be good, as they will always seek retribution rather than invest their energies more productively;

3.The perpetuation of bad ideas that results from an absence of debate – There was a time when those who would dare to suggest that the earth was not flat would be put to death. Discouraging debate stifles evolution and retards a society. There are too many topics that are taboo today, and our unwillingness to deal with them candidly and debate them openly is and will continue to cost us dearly.

Popular posts from this blog

Taxes and Hyperbole

There is a new tax code in the U.S., and this is indeed a “Yuuuge” deal. As far as I can tell, it is as close to an unmitigated home run for America as can be. Is it perfect? Of course, it’s not. The code retains its unwieldy size and complexity, largely as a result of compromises made in order to bribe congressmen and senators for their votes. Until we get term limits, it seems we’re stuck with a tax code that is big and complex. However, it does hit the mark on a few key issues: most every taxpayer will now pay less to the federal government (except those in states with ridiculously mismanaged economies who now will be forced to hold their state politicians more accountable); and our businesses, large and small alike, will remit less of their profits to the federal government and will be liberated to invest that savings into growth – which will surely create job and wage growth in the productive private sector.

You Need to Ask the Right Question

If you ask the wrong questions, the answers will probably also always be wrong, and even irrelevant.  This might seem obvious, but I’ve noticed that this truth is often completely overlooked, and even by the world’s most intelligent. While I’m certain this is so in every facet of life, for the purpose of this short paper I will focus on the investment/finance world.

Interest Rates & The Trade War

These are the twin bogeymen that the hysterical media will continue to lean on to drive fear into the hearts of men and women and keep them glued to their TV sets for the predictable backwards looking drivel. Here is a different perspective for you to chew on:

Interest rates cannot go up by too much. Our nation has to service more than $20T of national debt and must also maintain a massive social safety net that will increase that debt by a further 50% before Trump’s second term ends. All the rest of the analysis is unimportant.