Monday, 01 April 2013

Blog it like it's 2006! Adam Kotsko writes like ain't nobody's in a business: Yet it occurs to me: is anything inherently a business? We normally think of a bakery as a business, for example, but isn’t it actually a place where people bake things? One can imagine a bakery operating under many different economic systems. The examples multiply. A clothing retailer is a place where people come to get their clothes. A convenience store exists to provide people with easy access to frequently used items. A car factory exists to make cars. Even a bank exists primarily to intermediate between people’s different financial priorities (e.g., saving vs. spending), rather than to make money as such. All of those things are typically “run like a business” in Western countries, but that doesn’t mean that they directly “are” businesses. Only one type of pursuit is inherently a business: hedge funds. Hedge funds avowedly exist for no other purpose than to turn money into more money. They are indifferent to the means by which that is accomplished — they will buy and sell anything, from an oil drum to a government bond to a complex bet to pay out if a certain asset reaches a certain price. For all the advanced math and physics deployed, the basic logic is simple. Buy low, sell high — minimize your costs while maximizing your revenue. That’s what it means to run something “like a business.” John Holbo appreciates the overkill: Defenders of ‘traditional marriage’ insist 1) that their position is, well … traditional; wisdom of the Judeo-Christian tradition, the history of Western Civilization, etc. etc.; 2) they are not bigots. They are tolerant of homosexuality, and the rights of homosexuals, etc. etc. Maybe they watch the occasional episode of “Will and Grace”, in syndication (even if they didn’t watch it back when it started.) They are careful to distance themselves from those Westboro Baptist Church lunatics, for example. It’s gotten to the point where one of the main, mainstream arguments against same-sex marriage is that legalizing it would amount to implying that those opposing it are bigots. Since they are not just bigots (see above), anything that would make them seem like bigots must be wrong. Ergo, approving same-sex marriage would be a mistake. Certainly striking down opposition to it as ‘lacking a rational basis’ would be a gross moral insult to non-bigoted opponents of same-same marriage. This ‘anything that implies we are bigots must be wrong’ argument has problems. But that’s old news. Here’s the new argument. Grant, for argument’s sake, that contemporary arguments against same-sex marriage have been scrubbed free of bigotry. Doesn’t it follow that these arguments must not be traditional but, somehow, quite new? Some days I'm reminded of why I started blogging by the very people who encouraged me to do so. This is one of those days.

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