Every good capitalist is on the look out for imbalances in the market, opportunities to earn a profit off of a thing that either the market lacks completely, or current businesses do very inefficiently and ineffectively. You can consider it a form of arbitrage.Moral arbitrage paired with virtue signaling. Pretty base behaviors.
Today’s politicians, media talking heads, celebrities and the like are moral capitalists, even though they are economic collectivists. That is to say their morality is a form of arbitrage, always for sale to the highest bidder, where each statement they issue is calculated to profit them personally.
Take Marco Rubio, who today issued a series of tweets condemning Donald Trump for suggesting that the Charlottesville attack, and other similar incidents between Antifa and White Supremacists, was equally the fault of both parties. Donald Trump’s position is that both are hate groups, and both are quick to resort to violence to further their political goals, and that putting them together like that was surely going to stir up violence.
Personally, I think Trump is somewhat understating the case. White supremacists are exceedingly rare, even if they’ve received a shot in the arm from SJWs harping on white people all the time (hint: that tends to manufacture more supremacists, not less). What happened in Virginia may very well represent peak white supremacism, the very most such groups are capable of. Antifa and militant Marxists, meanwhile, enjoy far greater support from media, financiers (oh, the irony), and society-at-large. Antifa dwarfs Klansman and Neo-Nazis. Militant Marxists are, by far, the greater threat currently.
But that being said, Trump did put his finger on the central point: both groups espouse violent ideologies that are incompatible with freedom.
[snip]
This argument is remarkably similar to Antifa and other Marxist groups saying that mean words justifies violence, that speech they don’t like justifies burning down cities and attacking people. It is okay for them to violently shut down anybody right-of-center on college campuses around the country, but it is not okay for anyone right-of-center to speak.
Marco is on a continuum with the SJWs on this matter. He concedes the central point, that violence is an acceptable response to speech deemed offensive. Yes, in the case of Neo-Nazis and Klansmen, the speech actually is offensive. But it is still speech. Until it isn’t, anyway.
[snip]
To be fair, a lot of people are saying this, though, so let’s analyze this a little differently. Why does Marco denounce the white supremacists so readily, yet lets militant Marxists off the hook? As a man of Cuban ancestry, he ought to be very familiar with the depredations and dangers of Marxists. Why is he so willing to assign them 0% of the blame?
There is moral arbitrage here. When some politician or celebrity denounces Neo-Nazis, Klansmen, and other assorted white supremacists, he is cheered. He is called stunning and brave. He is bashing the fash, taking a brave stand against the most evil ideology of man. In other words, he gets a huge moral bonus in the eyes of the media. It is easy to denounce white supremacists, who probably represent less than a tenth of a percent of the population. And it is profitable to do so, as well.
[snip]
Meanwhile, taking a similar stand against Marxism is expensive. If a politician or celebrity stands up and denounces Marxism as a hateful, murderous ideology that is at least as evil as Nazism, he is often shot down. Real Marxism, of course, has never been tried. Real Marxism is a good theory, a good idea that maybe just hasn’t been implemented quite right. It’s morally true and righteous, and even if it has some problems, surely bashing the fash has to take precedence, right?
Except Marxism has a much higher share of the population. Marxism is celebrated openly on college campuses around the country. Marxists trash cities, riot, commit acts of violence with frightening regularity, and Marco assigns them 0% of the blame, because somewhere, there is an inbred Neo-Nazi off his meds tweeting from his mother’s basement.
Marco obtains a moral profit from denouncing white supremacism. He incurs a moral cost from denouncing Marxism. Playing the moral arbitrage for profit thus demands he pin the blame for political violence on only one participant. Then he is “stunning and brave” in the eyes of the body politic.
It is socially cheap to oppose Nazism. It is socially expensive to oppose Communism.
Friday, August 18, 2017
Moral arbitrage
An interesting point being made by Dystopic in Moral Courage and Moral Arbitrage. This is in response to some tweets sent by Marco Rubio taking the MSM position that only national socialists should be condemned for their violence as opposed to Trump's position that both international socialists and national socialists should be condemned for their violence.
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