Many people in my intellectual circles use economic abstractions as one of their main tools for reasoning about the world. However, this often leads them to overlook how interventions which promote economic efficiency undermine people's ability to maintain sociopolitical autonomy. By “autonomy” I roughly mean a lack of reliance on others—which we might operationalize as the ability to survive and pursue your plans even when others behave adversarially towards you. By “sociopolitical” I mean that I’m thinking not just about individuals, but also groups formed by those individuals: families, communities, nations, cultures, etc.[1]

The short-term benefits of economic efficiency tend to be legible and quantifiable. However, economic frameworks struggle to capture the longer-term benefits of sociopolitical autonomy, for a few reasons. Firstly, it's hard for economic frameworks to describe the relationship between individual interests and the interests of larger-scale entities. Concepts like national identity, national sovereignty or social trust are very hard to cash out in economic terms—yet they’re strongly predictive of a country's future prosperity. (In technical terms, this seems related to the fact that utility functions are outcome-oriented rather than process-oriented—i.e. they only depend on interactions between players insofar as those interactions affect the game's outcome).

Secondly [...]

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Outline:

(05:22) Five case studies

(21:00) Conclusion

The original text contained 5 footnotes which were omitted from this narration.

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Narrated by TYPE III AUDIO.