Home
/
RELIGION & LIBERTY ONLINE
/
Why Superman is Bad for the Economy
Why Superman is Bad for the Economy
Nov 18, 2024 5:41 PM

In the new movie Man of Steel, Superman engages in a fight with his fellow aliens from Krypton that causes significant damage to Metropolis. Disaster expert Charles Watson estimates the costs of the physical damage done to the city to be about $2 trillion. To put that in context, 9/11’s physical damage cost $55 billion, with a further economic impact of $123 billion.

What would be the impact of Superman’s fight on the economy? According to some liberal economists, it would lead to a economic boom. In defending President Obama’s stimulus proposal in 2011, Paul Krugman proposed a peculiar solution for economic recovery that mimics the one in Man of Steel: prepare for an alien invasion.

“If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months,” he declared, arguing in favor of the president’s stimulus package. “And then if we discovered, oops, we made a mistake, there aren’t any aliens, we’d be better [off].”

Man of Steel must be Krugman’s favorite movie: you not only get an alien invasion (Kal-El, General Zod and his soldiers) but you get alien destruction on a massive scale. Just think of all the economic benefit Metropolis gained!

Krugman is a prime example that a person can win a Nobel Prize for economics, teach economics at Princeton, and write about economics for the New York Times and still not understand some of the most basic principles in economics. Unfortunately, Krugman is not alone. The idea that natural disasters, man-made disasters, or even alien-made disasters, are “good for the economy” is one of the oldest and most persistent fallacies in economics.

A hundred years before Superman was created, a Frenchman named Frederic Bastiat explained the problem with thinking that destruction is an economic good. Economist Art Carden explains Bastiat’s reasoning:

Robert Murphy, an adjunct scholar of the Mises Institute, also notes there are two important elements in Bastiat’s analysis:

1. an assumption about what we now call “crowding out” or, what is the same thing, denying that there are “idle resources,” and

2. the distinction between wealth and employment.

While Carden and Murphy provide sophisticated economic reasons why we should not believe destruction is good for humanity, there is a simpler explanation that should appeal to Christians: It contradicts God’s creational mandate. As Anne Bradley explains,

God has not just called us to preserve what he has given us, but to increase and grow it. Our job description as given in Genesis 2 is to:

• Be fruitful and multiply.

• Create rather than destroy.

• Use our ingenuity and talent to increase the sum of flourishing, not just preserve existing levels.

The Christian approach to economic growth — which can lead to human flourishing — is to be innovative, productive, creative, and a responsible steward of resources. While mendable to try to find a silver-lining after a disaster, we shouldn’t be deceived. Whether the broken windows are caused by a hurricane, a baseball, or aliens from Krypton, the destruction only makes humanity poorer.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Verse of the Day
  Commentary on Today's Verse   Commentary on Proverbs 17:10   (Read Proverbs 17:10)   A gentle reproof will enter, not only into the head, but into the heart of a wise man.   Proverbs 17:10 In-Context   8 A bribe is seen as a charm by the one who gives it; they think success will come at every turn.   9 Whoever would foster love covers...
Verse of the Day
  Commentary on Today's Verse   Commentary on Psalm 32:8-11   (Read Psalm 32:8-11)   God teaches by his word, and guides with the secret intimations of his will. David gives a word of caution to sinners. The reason for this caution is, that the way of sin will certainly end in sorrow. Here is a word of comfort to saints. They may see...
Verse of the Day
  Commentary on Today's Verse   Commentary on Deuteronomy 30:15-20   (Read Deuteronomy 30:15-20)   What could be said more moving, and more likely to make deep and lasting impressions? Every man wishes to obtain life and good, and to escape death and evil; he desires happiness, and dreads misery. So great is the compassion of the Lord, that he has favoured men, by...
Verse of the Day
  Ecclesiastes 2:10-11 In-Context   8 I amassed silver and gold for myself, and the treasure of kings and provinces. I acquired male and female singers, and a haremThe meaning of the Hebrew for this phrase is uncertain. as well-the delights of a man's heart.   9 I became greater by far than anyone in Jerusalem before me. In all this my wisdom...
Verse of the Day
  Commentary on Today's Verse   Commentary on James 1:19-21   (Read James 1:19-21)   Instead of blaming God under our trials, let us open our ears and hearts to learn what he teaches by them. And if men would govern their tongues, they must govern their passions. The worst thing we can bring to any dispute, is anger. Here is an exhortation to...
Verse of the Day
  Commentary on Today's Verse   Commentary on Ephesians 6:1-4   (Read Ephesians 6:1-4)   The great duty of children is, to obey their parents. That obedience includes inward reverence, as well as outward acts, and in every age prosperity has attended those distinguished for obedience to parents. The duty of parents. Be not impatient; use no unreasonable severities. Deal prudently and wisely with...
Verse of the Day
  Proverbs 6:6-11 In-Context   4 Allow no sleep to your eyes, no slumber to your eyelids.   5 Free yourself, like a gazelle from the hand of the hunter, like a bird from the snare of the fowler.   6 Go to the ant, you sluggard; consider its ways and be wise!   7 It has no commander, no overseer or ruler,   8 yet...
Verse of the Day
  Commentary on Today's Verse   Commentary on 1 Peter 3:8-13   (Read 1 Peter 3:8-13)   Though Christians cannot always be exactly of the same mind, yet they should have compassion one of another, and love as brethren. If any man desires to live comfortably on earth, or to possess eternal life in heaven, he must bridle his tongue from wicked, abusive, or...
Verse of the Day
  Commentary on Today's Verse   Commentary on Proverbs 17:27-28   (Read Proverbs 17:27-28)   A man may show himself to be a wise man, by the good temper of his mind, and by the good government of his tongue. He is careful when he does speak, to speak to the purpose. God knows his heart, and the folly that is bound there; therefore...
Verse of the Day
  Hebrews 4:12 In-Context   10 for anyone who enters God's rest also rests from their works,Or labor just as God did from his.   11 Let us, therefore, make every effort to enter that rest, so that no one will perish by following their example of disobedience.   12 For the word of God is alive and active. Sharper than any double-edged sword,...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved