Tuesday, December 30, 2014

Cheer up!

Dan Hannan is a British Conservative member of the European Parliament. He does not share Ace's gloomy outlook as excerpted in my last post. He writes:
The next generation of Americans will lead healthier, happier, more fulfilled lives than the present one.

That sentence could have been written at any time since the Mayflower landed. It would always have been true (for the settlers, at any rate; it was a different story for the indigenous tribes). And it would always have prompted skepticism. No doubt, had opinion polls existed at the time, 76 percent of Puritan emigres, their faces grim and thunderous over their lace ruffs, would have prophesied damnation. And I wouldn’t be in the least surprised if 76 percent of Americans in 1776 weren’t hanging their white-wigged heads in despair at the debt level (or whatever the fashionable panic of the day was).

In 1948, George Orwell was fretting about being watched through massive screens by an all-powerful state. A generation later, we carry our own screens with us — and they place more information in our hands than an entire government department could have managed in Orwell’s day. Foods that were recently exotic and expensive are available on every shelf. We buy clothes so cheaply that we rarely bother mending them. Household appliances do in minutes what might take our grandmothers days. Globally, poverty is being eroded. By any metric — longevity, literacy, infant mortality, calorie intake, height — the human race is improving.

So why the gloom? As Lord Macaulay asked a century and a half ago, “On what principle is it that with nothing but improvement behind us, we are to expect nothing but deterioration before us?”

The private sector will always, over time, grow faster than the government, because entrepreneurs are smarter, collectively, than bureaucrats. Vast new wealth will be created from 3-D printing, driverless cars, advances in biotechnology and other sectors that we can’t now imagine. State regulators will always be playing catch-up. Free enterprise will outgrow the state, as the jungle swallows up Mayan ruins.

Take just one measure. Cheap energy is a pretty reliable forerunner of growth, lowering production costs, boosting competitiveness and increasing disposable income. Which is why it is so important to pessimists to keep predicting a looming price rise. Well, who called that one right?

Cheer up: Life keeps getting better.
Wouldn't it be nice to have an optimist like Daniel Hannon as President of the United States? Read more here.

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