Home
/
RELIGION & LIBERTY ONLINE
/
Why Superman is Bad for the Economy
Why Superman is Bad for the Economy
Oct 4, 2024 9:17 AM

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
There Are No Alternatives to Free Market Capitalism
Exploring Catholic social teaching in relation to economics is fine, but if we’re too open-minded about seeking a new mon good” capitalism, our brains might fall out. Read More… Alexander William Salter’s new book, The Political Economy of Distributism: Property, Liberty, and the Common Good, is an odd fish. It begs questions, contains numerous chapters that consist mostly of lengthy quotations, and at times seems to contradict itself, yet in the end it affirms an essential truth that we may...
European Union Demands Immediate Release of Jimmy Lai
Growing concerns over deteriorating human rights situation in Hong Kong, and the persecution of political dissidents, prompt EU’s call for immediate action. Read More… The European Parliament condemned the persecution of jailed newspaper publisher and pro-democracy activist Jimmy Lai, calling for his immediate and unconditional release from prison and the repeal of Hong Kong’s national security law (NSL), in a resolution passed on June 15, according to Voice of America. The resolution passed with 483 votes in favor, 9 against,...
Freedom of Religion Is Inherently Good
In many parts of the world, and even among some thinkers in the United States, freedom of conscience is seen as a threat to order and decency. But free choice, especially in religion, aligns perfectly with our free wills and is necessary for true human flourishing. Read More… Growing up in Yemen, a conservative branch of Islam was ‎very popular in my household, school, and mosque. Freedom of ‎religion was a myth frowned upon. It was thought that Islam ‎is...
Bridging the Church-State Divide
This sixth installment of a short history passionate conservatism explores what it meant to finally get into the White House and see policies implemented. Skepticism was not in short supply. Read More… In 2000, I didn’t realize until it was too late that my astronomically exaggerated proximity to presidential candidate George W. Bush would make me a target. For example, I had said in 1998 that women volunteers had run charitable enterprises in the 19th century, so women’s entrance into...
Disney and Human Flourishing
A new book on cinema and wellness says more about the state of academic inquiry than it does the contributions of film art to human wholeness. Read More… Sometime in the last decade, the collegiate class were led by their dedicated sophists to start talking about “the narrative,” which hadn’t concerned them before. Soon they also plaining about propaganda, “misinformation, disinformation, and malinformation.” I take that to mean that elites who were pro-tech at the beginning of the 21st century...
Can Fraternities Save America?
There’s a movement afoot to abolish Greek life nationwide. But what if frats are actually great places to form virtue and character in young men and not just reboots of Animal House? Read More… Dr. Anthony Bradley is on a quest to make fraternities virtuous again. “This is the craziest thing I’ve ever done,” he tells me. “I’m essentially bailing out water on the sinking Titanic.” The problem he’s confronting is well engrained in American culture and media: a quick...
Was the British Empire Evil?
It’s a given among most academics today that Britain’s empire and economic success was the result of the depredation of native cultures and gross exploitation. But what if it’s not true? Read More… There is edy sketch from British television, now made immortal by the internet, in which a Nazi soldier, waiting for Russian troops to advance on his army’s position, uneasily examines the skull insignias on his uniform and wonders if they might, in fact, be the baddies. Today...
This Fathers’ Day, Remember that Property Is Holy
What can a Christian socialist teach us about being a father and faithful steward of God the Father’s gifts? Plenty. Read More… The French Revolution of 1848, which began on February 22 in Paris, led to the fall of the July Monarchy in France, the founding of the Second Republic, a wave of democratic revolutions across Europe, a revival of European liberalism, and the spread of various forms of socialism. Once again, just as in 1789, the old order of...
The Best Econ Books for Your Summer Reading
We’ve prepared a short list of beach and vacay reading so you don’t have to. Read More… The best way to start summer is to stock up on the newest book releases and to revisit the classics. Whether you’re concerned about growing populism among the right and left, how to think through humanitarian aid within your church, or the more significant questions of human flourishing, there is something for everyone. And if you’re one of the 900 attendees at Acton...
Christian Humanism and the Imaginative Mysteries
A collection of essays by Hillsdale professor Bradley J. Birzer explores the moral imagination of the great Christian humanists to reflect on literature and film—and, of course, Batman. Read More… A young Kansas boy moves between oil derricks, wheat fields, and abandoned buildings. He stops for only one thing: the hose. Not any ordinary hose, but a most extraordinary hose. Its contents pour forth not in trickles, streams, or torrents but gush in words, images, and pages. Not a fire...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved