From The Library Of Economics & Liberty-My SImplistic Theory Of Left And Right
Bryan Caplan chooses to frame the debate thusly:
1. Leftists are anti-market. On an emotional level, they’re critical of market outcomes. No matter how good market outcomes are, they can’t bear to say, “Markets have done a great job, who could ask for more?”
2. Rightists are anti-leftist. On an emotional level, they’re critical of leftists. No matter how much they agree with leftists on an issue, they can’t bear to say, “The left is totally right, it would be churlish to criticize them.”
‘Conservatives use a civilization vs barbarism axis.
Libertarians use a coercion vs freedom axis.
Liberals use an oppression axis to view the world – oppressed vs oppressor.’
Walter Russell Mead’s theory, in part, posits that liberalism 4.0 needs to become 5.0 and start to creatively solve the problems we’re faced with, including globalization and global labor markets and competition, the decline of American of manufacturing and industry, and the rise of technology and automated workplaces. The ‘blue’ model is behind the times, but the same sentiment for equality, fairness, collectivism, unions, labor, anti-capitalism and regulated markets on the way the ‘great society’, are obviously still there, to say nothing of 60’s Civil Rights activism being used as the moral leverage for all sorts of constant change.
Speaking of which, Megan McArdle takes a look at the gig economy, and the comments are well worth a read
‘I think there are real concerns about what has happened to the wages of American workers. But so far, I don’t see much evidence that Uber or Airbnb is the cause. Most of it seems to come from automation of low- to medium-skilled work in the manufacturing and clerical sectors, or the outsourcing of those jobs abroad.’