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Nostalgianomics @asymmetricinfo

Back to a future that never was, from Megan McArdle:

And to the extent that the fifties and sixties were actually like this, we should remember, as Max Boot points out, that this was not actually the day of the little guy.  Big institutions actually had a great deal more power than they do now; it was just distributed somewhat differently–you had to worry less about big developers slapping a high-rise next to your single-family neighborhood, and a whole lot more about Robert Moses deciding he wanted to run a freeway through the spot where your house happened to be.
The military model of society–employed by both Obama, and a whole lot of 1950s good government types–was actually a kind of creepy way to live.  As Boot says, “America today is far more individualistic and far more meritocratic with far less tolerance for rank prejudice and far less willingness to blindly follow the orders of rigid bureaucracies.”  If you want the 1950s except without the rigid conformity and the McCarthyism, then you fundamentally misunderstand what made the 1950s tick.

Posted in Business, Economics.

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