https://quillette.com/2018/12/22/a-tale-of-two-cities
Five weeks on from the #GiletsJaunes, managerial elites in London conspire to chain the United Kingdom to ever closer union with the fate of Europe. There is something profoundly emblematic about the sight of Emmanuel Macron facing down the people of his once great nation.
Condescending, Napoleonic, and completely without self-awareness, he is the living embodiment of the vision of the anointed. As French citizens riot because of increases in their fuel taxes, he has been utterly indifferent in telling them to take their thin gruel because the predictive models of his shaman class say so. It is an almost perfect encapsulation of the Rousseauian top-down state versus the people that it subjugates.
Meanwhile, across the channel in London—where, despite their civic and intellectual history, the ruling class have long sought to mimic their Gallic counterparts— the Bank of England’s Mark Carney has been playing a similar game. He has been issuing regular doomsday forecasts based on predictive models by alleged experts. I wonder how much longer people are going to listen to these modern soothsayers. At this point, they are naked lobbyists for entrenched special interests. When reality fails to meet their expectations for the umpteenth time, how long will it take for the prophets to lose their authority in the eyes of the public and their self-appointed gatekeepers in the chattering class?
It has struck me recently just how much of our current political discourse is based on “forecasts.” In 2002, Daniel Kahneman won a Nobel prize for his work on behavioral economics, partly for his career-long demolition of how “experts” convey statistical information:
The idea that the future is unpredictable is undermined every day by the ease with which the past is explained. As Nassim Taleb pointed out in The Black Swan, our tendency to construct and believe coherent narratives of the past makes it difficult to accept the limits of our forecasting ability.…The illusion that we understand the past fosters overconfidence in our ability to predict the future. (Thinking Fast and Slow, p. 218).