A few months back I discovered that there were other Emmanuel Todd fans out there besides me, notably Lexington Green of Chicago Boyz, and James C. Bennett. Emails were exchanged, and I met up with Bennett in London. Very helpful.
Here is a big moment in what I hope may prove to be the long overdue rise and rise of Emmanuel Todd in the English speaking world. Todd is quoted here by Lexington Green, and then linked to from here. Yes indeed, Instapundit. Okay, this is because what Todd is quoted saying happens to chime in with what Instapundit wants to be saying, but … whatever. That’s how Instalaunches work.
The Todd quote:
A double movement will assure the advancement of human history. The developing world is heading toward democracy — pushed by the movement toward full literacy that tends to create culturally more homogeneous societies. As for the industrialized world, it is being encroached on to varying degrees by a tendency toward oligarchy — a phenomenon that has emerged with the development of educational stratification that has divided societies into layers of “higher,” “lower,” and various kinds of “middle” classes.
However, we must not exaggerate the antidemocratic effects of this unegalitarian educational stratification. Developed countries, even if they become more oligarchical, remain literate countries and will have to deal with the contradictions and conflicts that could arise between a democratically leaning literate mass and university-driven stratification that favors oligarchical elites.
Todd’s book, despite its flaws, is full of good insights. This passage was prescient. The Tea Party (“a democratically leaning literate mass”) and it’s opponents, the “Ruling Class” described by Angelo Codevilla, (“oligarchical elites”) are well-delineated by Todd, several years before other people were focused on this phenomenon.
This may cause a little flurry of Toddery in my part of the www. Not all of it will be favourable, to put it mildly, because the book quoted is fiercely anti-American, and totally wrong-headed about economics. Todd is one of those people who insists on dividing economic activity into “real” and “unreal” categories, solid and speculative, honest and delusional. Todd’s problem is that he imagines that the making of things that hurt your foot when you drop them is inherently less risky than, say, operating as a financial advisor or a hedge fund manager. But both are risky. It is possible to make too many things. Similar illusions were entertained in the past about how agriculture was real, while mere thing-making was unreal.
Todd believes that the US economy is being “hollowed out”, with delusional activity crowding out “real” activity.
The problem is that Todd is not completely wrong. Economic dodginess was indeed stalking the USA in 2002. But the explanation for the processes that actually did occur and are occurring, which are easily confused with what Todd said back in 2002 was happening, and which will hence make him all the more certain that his wrongness is right, is not that manufacturing is real and financial services unreal, but that for Austrian economics reasons (Todd appears to have no idea whatever about Austrian economics), all dodgy and speculative activities, most emphatically including dodgy manufacturing ventures, have been encouraged by bad financial policies. Todd also seems to imagine that only the USA has been guilty of such follies. If only.
Such are some of the flaws in this book that LG refers to.
But none of that impinges on Todd’s fundamental achievements as a social scientist, which I have long thought ought to resonate in my part of the www. This should help.