If you tire of the seemingly endless demagogic blather that governmental officials and pundits often pass off as discussion of key societal issues, then be sure to read this insightful Will Wilkinson post on the politics of ignorance:

The problem [of ideologues elevating doctrine over wisdom] is heightened by the fact that the reading public generally enjoys ideologues more than three-handed scholars, and so the more ideological among ideologues find themselves with larger audiences and more numerous and remunerative opportunities to publicly opine.

What results is not so much an exercise in public reason as a smash-em-up reputation derby, where elites vie to increase their pull with the public and policymakers by disparaging ideological competitors. Moves in the reputation game take many forms, from sniffs of imperious condescension, to bald ìstupidest man aliveî name-calling, to self-congratulatory above-the-fray comments like this one. There is no reason to trust that this is a process through which truth unfolds.

In the absence of institutions that limit the scope of democratic authority over intractably complex policy questions, the best we can hope for is perhaps a tad more self-awareness among opinion elites about their tendencies toward dogmatism and for the rise of norms that do more to reward the honestly judicious and penalize highly-regarded doctrinaire assholes.

As noted earlier here and here, the instinct of most politicians and much of the mainstream media is to embrace simple ìvillain and victimî morality plays when attempting to explain a particular trouble.

Take, for example, investment loss. The more nuanced story about the financial decisions that underlie a failed investment strategy doesn’t garner sufficient votes or sell enough newspapers to generate much interest from the demagogues or muckrakers. That’s why we periodically endure witch hunts, such as the recent one demonizing speculators. Thatís also why it’s important that our leaders who are ignorant about the function of speculation in markets take a moment to understand its beneficial purpose.

Morality plays are comforting because they make it easy to identify and demonize the villains who are supposedly responsible for trouble. The truth is usually far more nuanced and complicated, but ultimately more rewarding to embrace.