Tuesday, June 2, 2009 — On Holy Books

There should be no Holy Books. Our species would make a sig­nif­i­cant step for­ward if it for­sook the habit of declar­ing books to be sacred scrip­tures. The belief that cer­tain books aren’t just the writ­ings of human beings, but direct rev­e­la­tions from a divin­i­ty, or that they are “sacred” has caused no end of mis­chief. But I plead my case pre­cise­ly because I love and respect books. There is some pro­found wis­dom to be found, if one cares to look, in cer­tain books. But there seems, in my view, to be no greater insult to a wise per­son than to turn their work into a sil­ly mag­i­cal tal­is­man, to be mind­less­ly chant­ed and rant­ed, rather than read and judged with reason.

A note­wor­thy fea­ture of holy scrip­tures is that peo­ple sel­dom read them. They may run glazed eyes over them. They may fix on what­ev­er pas­sages appear to con­firm their base pas­sions, their pet­ty hatreds, or their trib­al cus­toms. They call on their author­i­ty as a trump card, usu­al­ly under the direc­tion of some self-declared reli­gious author­i­ty. But they hard­ly ever actu­al­ly read them.

A sin­gle read­ing of the Ser­mon on the Mount is suf­fi­cient to demon­strate that few peo­ple can actu­al­ly have read it. North Amer­i­ca has many tens of mil­lions of peo­ple who claim to be “Chris­tians”. They are sup­pos­ed­ly inspired by the teach­ings of Jesus of Nazareth. Yet the Ser­mon on the Mount, which is the dis­til­la­tion of Christ’s mes­sage, teach­es pre­cise­ly the oppo­site of what most of these mil­lions believe, pro­claim, and prac­tice. If one actu­al­ly reads the words of Jesus Christ, it becomes per­fect­ly obvi­ous that there can’t be more than a few thou­sand prac­tic­ing Chris­tians in the entire Unit­ed States, and none of those can be Repub­li­cans. Per­haps the per­cent­age is a lit­tle bet­ter in Cana­da, where the main­stream church­es are more in line with civ­i­lized val­ues, but I’ve met many a Christ-hat­ing “Chris­t­ian” here, as well. You can’t con­vince me that any­one who oppos­es gay mar­riage, or any­one that pro­motes war and con­quest, or any­one who car­ries out the bar­bar­ic social agen­da of most of our Church­es is a fol­low­er of Jesus, or has read his teach­ings. Nor is there any rea­son to accept the claims of Church­es to inter­pret or direct, or to pos­sess the ideas of Jesus Christ. Church­es are polit­i­cal and finan­cial insti­tu­tions, con­cerned with acquir­ing wealth and pow­er. They are not sources or repos­i­to­ries of any wis­dom, and have no just claims on the minds of men. They are mere­ly cults, mech­a­nisms for fleec­ing and direct­ing suckers.

The total­i­tar­i­an polit­i­cal move­ments that claim to be “Islam­ic” or “Islamist” are sim­i­lar­ly mis­named. I don’t agree with every­thing that Mohamed said, but he was an inter­est­ing man, and the Qur’an con­tains some worth­while wis­dom. But the var­i­ous polit­i­cal move­ments now pro­claim­ing them­selves “Islam­ic” have no more to do with the Qur’an than Con­ser­v­a­tive “Chris­tians” have to do with Christ. I don’t recall any sura of the Qur’an instruct­ing the faith­ful to strap explo­sives on their bod­ies and mur­der chil­dren. Nowhere in the book does it teach the abuse of women. There is noth­ing Islam­ic about the hate­ful non­sense ped­dled by thou­sands of “fun­da­men­tal­ist” mul­lahs and noth­ing of Allah’s will in the fat­was that serve their greed and ambition.

Holy Scrip­tures” remain unread to the degree to which they are per­ceived as “holy”. The pious and fanat­i­cal use their scrip­tures in rough­ly the same way that a chim­panzee might use a book: tear out some ran­dom pages, smear feces on them, and throw them at people.

No one who tru­ly respects wis­dom should allow a wise book to be turned into a mag­i­cal fetish.

The ten­den­cy to do this is not con­fined to reli­gion. Per­haps because the work­ings of economies are as unfath­omable to us as the mys­ter­ies of life and death, the study of eco­nom­ics tends to gen­er­ate “holy scriptures”.

I’ve just reread two works which share with the Bible and the Qur’an a ten­den­cy to be quot­ed, pro­nounced upon, and cit­ed as holy writ, by peo­ple who can’t pos­si­bly have read them.

Adam Smith’s An Inquiry into the Nature and Caus­es of the Wealth of Nations is one of the two. The more I hear Smith referred to, either with devout rap­ture or smarmy con­tempt, the more I’m con­vinced that all the mil­lions of copies of the work in print must gath­er dust on shelves, unread. The non­sense that is said about Smith’s work — some­times by emi­nent schol­ars — can­not be the result of peo­ple read­ing it. Take, for exam­ple, the “invis­i­ble hand”. Men­tion The Wealth of Nations to some­one, and the “invis­i­ble hand” is the first thing that will pop out of their mouth. Most peo­ple seem to be under the impres­sion that the work is dri­ven by the image of the “invis­i­ble hand”, with Smith sup­pos­ed­ly argu­ing that the Mar­ket needs no “reg­u­lat­ing” because it “reg­u­lates itself”. This is the purest non­sense. Adam Smith nev­er said or believed any such thing. Any­body who claims that he did can­not have read the book.

The phrase “invis­i­ble hand” occurs only once in the book, and the con­text in which it occurs has absolute­ly noth­ing to do with the reg­u­la­tion, or non-reg­u­la­tion, of mar­kets. One has to read 485 pages into the book (in my copy) before even encoun­ter­ing the phrase. In a dis­cus­sion of the pro­mo­tion of domes­tic indus­try over for­eign imports (which Smith approves of), he points out that many who are mere­ly seek­ing to advance their own gain are “led by an invis­i­ble hand to pro­mote an end which was no part of [their] inten­tion.” He means that the pur­suit of self-inter­est some­times more reli­ably assures this par­tic­u­lar pub­lic end. At the same time, he points out, those who pro­claim that their finan­cial activ­i­ties are moti­vat­ed by a regard for the pub­lic good are to be dis­trust­ed [“I have nev­er known much good done by those who affect­ed to trade for the pub­lic good.”] The whole dis­cus­sion has no rela­tion to the issue of mar­ket reg­u­la­tion, whatsoever.

The point that Smith made was part and par­cel of a larg­er dis­cus­sion of moral­i­ty. Smith was, pri­mar­i­ly, a moral philoso­pher, and the eco­nom­ic issues in Wealth of Nations are a spe­cial sub­set of his larg­er eth­i­cal views. Smith’s ethics was the cul­mi­na­tion of Enlight­en­ment thought, which was in the process of over­turn­ing the tra­di­tion­al assump­tions of Chris­t­ian ethics. Among those assump­tions was the belief that good­ness was suf­fer­ing. For cen­turies, the Church­es had taught that suf­fer­ing was good, and that virtue con­sist­ed of self-abne­ga­tion and self-destruc­tion. The poor were “blessed” because they suf­fered. One did not demon­strate virtue by, say, reliev­ing the suf­fer­ing of the poor, or doing some­thing to end pover­ty. One demon­strat­ed virtue by wear­ing a hair shirt, or flog­ging one­self with barbed whips, or allow­ing one­self to be infest­ed with lice. Enlight­en­ment intel­lec­tu­als tried to rea­son their way out of this absurd notion. The Good, they argued, was more effec­tive­ly achieved by equi­ty and fair­ness. Where equi­ty and fair­ness pre­vailed, under just laws, then the Good emerged from the ratio­nal self-inter­est of human beings more con­sis­tent­ly than from sac­ri­fice or self-inflict­ed suf­fer­ing. Smith took up this dis­cus­sion from pre­vi­ous Enlight­en­ment thinkers, chiefly John Man­dev­ille, and applied it to eco­nom­ic thought. Trade — hon­est, equi­table trade — was the epit­o­me of ratio­nal­ly-pro­duced good­ness. The bak­er and the butch­er, Smith explained, did not trade their bread and meat with each oth­er out of self-sac­ri­fice, but from a desire to bet­ter feed them­selves and their chil­dren. The result was the achieve­ment of a greater good for both, and the exis­tence of all such equi­table trade con­sti­tut­ed a greater good for soci­ety as a whole. Just laws could secure that greater good. Laws that rigged the game, that vio­lat­ed equi­ty, that were designed to fur­ther enrich the rich, or pre­serve monop­oly and priv­i­lege, erod­ed or destroyed the greater good.

You can tell that enthu­si­asts of glob­al cor­po­ratism, who often refer to the book in scrip­tur­al terms, have not read it. Smith despised cor­po­ra­tions, and has noth­ing good to say about them. He gen­er­al­ly con­sid­ered them threats to lib­er­ty, drags on progress, and inher­ent­ly cor­rupt. He com­pared the pros­per­i­ty and progress of the Amer­i­can colonies, under the secu­ri­ty of Com­mon Law, to the exploita­tion, oppres­sion and famine of India at the hands of an all-pow­er­ful mer­can­tile cor­po­ra­tion. Nor would enthu­si­asts for “dereg­u­la­tion” find much com­fort if they actu­al­ly read Adam Smith. Those who wish to engage in fraud­u­lent or exploita­tive eco­nom­ic activ­i­ties are in the habit of refer­ring to law as “reg­u­la­tion”, because the word sounds pet­ty and arbi­trary, a mere annoy­ing inter­fer­ence; but what they are real­ly talk­ing about is exemp­tion from the rule of law. An “unreg­u­lat­ed mar­ket” is a mar­ket with­out law. Adam Smith cer­tain­ly nev­er thought it a good idea for busi­ness to oper­ate with­out laws, or exempt­ed from the rule of law. Such an idea would have hor­ri­fied, sick­ened, and infu­ri­at­ed him. An “unreg­u­lat­ed mar­ket” is pre­cise­ly the kind of arbi­trary priv­i­lege and cor­rup­tion that the whole of The Wealth of Nations was intend­ed to denounce!

The oth­er book I reread is John May­nard Keynes’ Gen­er­al The­o­ry of Employ­ment, Inter­est, and Mon­ey. This is anoth­er “holy book” that you are bound to hear about from peo­ple who haven’t read it. Those who are eager to ride the band­wag­on of “stim­u­lus” will tell you that this par­tic­u­lar holy scrip­ture is about the lim­it­less abil­i­ty of gov­ern­ment spend­ing to cre­ate wealth. It isn’t. That’s not what Keynes says. Nor does Keynes advo­cate state own­er­ship of pro­duc­tion — in fact, he vig­or­ous­ly denounces it. Far from being an antithe­sis to Clas­si­cal Eco­nom­ics, the book is main­ly pre­oc­cu­pied with demon­strat­ing that most of the “Clas­si­cal” econ­o­mists of his day con­tra­dict­ed their own premis­es, and failed to apply Clas­si­cal prin­ci­ples con­sis­tent­ly, chiefly through not grasp­ing that eco­nom­ic process­es take place in time. Keynes’ main con­cern was to pre­serve the integri­ty of free mar­ket insti­tu­tions. His pro­pos­als to do this most explic­it­ly did not include pump­ing tax-pay­ers’ mon­ey into fail­ing cor­po­ra­tions (some­thing which would have hor­ri­fied him) or “stim­u­lat­ing” the econ­o­my with boon­dog­gles and cor­po­rate wel­fare. But you can be sure that those who want to do those things today will invoke his name to jus­ti­fy it. They will do so safe­ly, because, as anoth­er holy scrip­ture, nobody will actu­al­ly read the Gen­er­al The­o­ry.

The coda to this piece is da capo: there should be no Holy Books.

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