Apropos of these recent musings on cross-partisan perspective taking, I was recently talking to a friend about the rather open-ended recovery/12-step concept of placing yourself at the mercy of a “greater power.” As a lifelong atheist, this seems like it’s bound to present some problems if I ever develop a sufficiently bad habit, and so it would probably behoove me to figure out some plausible greater power candidates just in case. And I think I’ve found mine: I believe in the Great Wiki.
Like a lot of my friends in this town, I spend a lot of my time dealing in arguments and ideas. I produce them for a living, and then I knock off and have some more arguments over drinks for fun. Does this mean I’m actually supremely confident that my own beliefs are right, and all the smart people who radically disagree with me are wrong? Fuck no; I’m a primate with a couple nice neckties just like the rest of you. Does that mean I throw my hands up and float in a kind of humble agnosticism about everything? Clearly not, because that’s not how the Great Wiki works. I plant a flag and do my best to defend the truth as I imperfectly perceive it, because that’s how the ball gets moved forward even if I’m wrong about everything. Or, anyway, everything but the Great Wiki.
Think, by analogy, of the wisdom of markets. A lot of people blame the financial crisis on a misguided belief that the market, like evolution, is always cleverer than you are. Usually they mean the problem was that regulators held this belief—a diagnosis that seems mostly wrong from what I’ve read, anyway. But it may have contributed to the problem that market actors held this belief. If the market always aggregates and processes more information than your models can crunch, it’s mook’s game to try to outsmart the market by picking the stocks and securities that will turn out to be underpriced winners. Just diversify and roll with it. If everyone’s gobbling up those AAA-rated CDOs, the market’s confirmed that they really are that safe. But of course, the reason that the market is smarter than any individual participant is that all those individual participants struggling fruitlessly to outsmart it end up contributing their information to the larger process by their efforts. If everyone tries to free ride on the premise that the cloud knows best, market optimality turns out to be a self-defeating prophecy.
A rarity among greater powers, then, the Great Wiki demands our neglect rather than our worship—requires us to forget, in our day-to-day lives, that we’re aware of its existence. It is an anti-Tinkerbell drawing life and strength from our disbelief. The ultimate surrender to the Great Wiki is the will to hubris. And if that faith too turns out to be misplaced, at least you had fun arguing along the way.