The libertarian prophet of the abundance movement, with Virginia Postrel

The intellectual-political discussion of the so-called abundance movement typically is described as a debate taking place almost entirely on the left. But in fact many of its major themes were being discussed in right-leaning circles decades ago. Virginia Postrel, a libertarian thinker and journalist who was the former editor-in-chief of Reason magazine, anticipated much of the current discourse around abundance in her classic 1998 book The Future and Its Enemies: The Growing Conflict Over Creativity, Enterprise, and Progress. Even earlier, in 1990, Postrel was among the first to see that the most important ideological division that was emerging in American politics was not between left and right but between what she called “the proponents of economic dynamism and the advocates of stasis.” 

The power of Postrel’s prophecy is evident from even a cursory examination of current politics, in which debates over issues like trade, immigration, housing construction, energy production, and environmental conservation inevitably produce odd-bedfellows coalitions of left and right. Postrel generally approves of center-left advocates of abundance like Ezra Klein and Derek Thompson — since, as she puts it, they share “the convictions that more is better than less, and that a good society is not zero-sum.” But she recently criticized the Klein-Thompson bestseller Abundance for its essentially technocratic mindset, in which change proceeds from central planning without what Postrel regards as sufficient feedback from market mechanisms or public input. She envisions a more libertarian-inflected version of abundance characterized by what she calls “a more emergent, bottom-up approach, imagining an open-ended future that relies less on direction by smart guys with political authority and more on grassroots experimentation, competition, and criticism.”

In this podcast conversation, Postrel analyzes different approaches to what she considers to be the linked causes of abundance and progress — although she notes that progress “tends to code a little right and tends to be more libertarian, more Silicon Valley people” — along with the basic political division between advocates of stasis and dynamism. She talks about her South Carolina origins and her study of the Renaissance, “when dynamism was invented.” She points out that her analysis of dynamism in some measure derived from her love of — and worries about — her adoptive state of California. She discusses some of the thinkers who influenced her analysis, including innovators like Stewart Brand, writers like Jonathan Rauch, Daniel Boorstin, and Henry Petroski, and economists including Friedrich Hayek, Michael Polyani, Mancur Olson, and Paul Romer. And she describes how her interests in dynamism and human invention relate to her interests in textiles, design, fashion, and aesthetics.