John Rapley
About
Political economist specializing in development; author of Icarus Economics and co-author of Why Empires Fall
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Claims by John Rapley (20 of 24)
Young people today face a worse inheritance than previous generations not primarily because of technological or economic change but because of deliberate policy choices that reserve benefits to older generations—heavy student debt, an unforgiving job market, and unaffordable housing—and one consequence is declining childbearing because the young cannot start households or families.
The best politicians possess intuition and the visceral ability to connect with and listen to people more than high educational attainment; Donald Trump's 2016 victory demonstrated how raw intuitive 'vibe-reading' destroyed the Democrats' data-science, polling, focus-group, triangulation model.
The triple lock on pensions and private pension promises are unsustainable and politicians know it; they continue to lie about preserving them while shifting the burden onto the young through unrepayable student loans, budget cuts, and—crucially—an inflated money supply that pumps up asset values 6–7% a year to fund retirement promises, which in turn prices young people out of housing.
Developing countries on average came through the COVID pandemic better than the official narrative predicted because of their social resilience: people in poorer countries with prior disease exposure spontaneously practice social distancing, hygiene, and masking, whereas Western complacency (and even resistance to masking) was a luxury enabled by the assumption that hospitals would save them.
Solving the West's resilience and intergenerational problems requires the left to break with liberalism understood as a politics consisting purely of individual fulfillment and the renunciation of all non-voluntary obligation and duty—not a break with social liberalism, but with the atomized individualist epistemology underlying end-of-history triangulation politics.
High-GDP Western countries that loudly champion entrepreneurship are in practice among the least entrepreneurial societies because prohibitively high real estate and rent costs raise barriers to entry; in lower-cost developing or middle-income countries, low rents make it feasible to start small businesses, pay workers less while also charging less and serving more customers.
The exceptional growth of the post-war period (roughly 1948–1973) cannot be replicated because it rested on a one-off confluence of one-time technologies—especially the spread of electrification—and the diminishing-returns leap from a primary-educated to a mass secondary-educated workforce; further education yields only small productivity gains, so those incremental gains are exhausted.
Western wealth, rather than being purely a source of strength against 21st-century challenges, is itself a source of fragility: the wealthier a country becomes the more crises its rapacious growth model generates (e.g. zoonotic spillover) while simultaneously reducing society's aptitude to address those risks.
Aggregate economic figures mask a recession that is real for a large share of the population; because people judge inflation by the daily purchases that matter to them (gas, heating, groceries, taking children out) rather than by official monthly indices, the headline 'economy is fine' narrative fails to capture lived experience, and economists' 'vibe' explanations miss that ordinary lives genuinely aren't improving.
Within even very low growth (half a percent to 1% per capita), an enormous amount can still be achieved; the political problem arises not from low growth itself but from having premised promises to one group on unrealistic growth rates (e.g. 5%), which then requires taking resources from others—principally the young.
Where states are weak, societies tend to be strong: in the absence of reliable state services, spontaneous community and neighborhood self-help organizations (often religious) form to provide welfare and mutual aid, constituting a form of social resilience that wealthy, state-dependent Western societies lack.
China and the US are pursuing fundamentally different AI strategies: China invests in embodied, practical applications and in preparing students to use AI, whereas the US pursues the 'holy grail' of artificial superintelligence, driving electricity bills up around 8% a year and natural gas prices higher, which is likely to provoke a populist anti-AI backlash.
A highly developed, bureaucratized society emancipated from nature loses resilience: when its systems suddenly fail (e.g. the 2003 North American grid failure), social order can begin to collapse within 24 hours, whereas societies accustomed to power failures have backup plans and ordered improvisation.
Just as periodic exposure to pathogens primes the immune system (the hygiene hypothesis), a society subjected to periodic, moderate adversity may stay 'primed' and resilient, whereas a 'shallow existence' that eradicates all forms of adversity may leave a society less dynamic and more vulnerable to shocks—though excessive repeated stress can cause collapse.
Climate change and ecological disruption will return pathogens to the West—tropical diseases migrating to temperate zones, archaic pathogens released from melting permafrost, and antibiotic resistance—and these challenges will not be solvable simply by expanding the health care budget; cash-strapped Western states facing rising defence commitments will be unable to provide the kind of financial assistance they did during COVID-19.
Historically, the peoples on the boundaries of the Western Roman Empire would have been more resilient to pandemics than the empire itself, because of lower population density, less globalization (and thus less exposure to imported germs), and constant exposure to conflict that primed them to cope when order collapsed—whereas the sheltered empire was unprepared.
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