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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

It's because I <i>care</i>

By Megan McArdle
Nov 7 2007, 8:53 AM ET Comment

A while back I wrote:


It is astonishing how often I have arguments about environmental issues, and a few others, in which I state a belief that the political and economic realities mean that some pet solution won't happen, and am rewarded with an angry/exasperated "Well, then how do you plan to fix the problem?" It is as if they believed that to state a problem, is also to imply a solution.

There are plenty of problems in the world, from unrequited love to people with stubbornly obnoxious beliefs, that I have no plans to fix because the solutions, if there are any, seem self-evidently worse than the problems they would replace. Yet many people seem to believe that if I refuse to state such a plan, or agree to theirs, it must be because I don't want to solve the problem--that I hate people who are unlucky in love, or the environment, or at the very least selfishly wish to continue harming same--rather than from any honest belief that sometimes life's a bugger and there's not much you can do about it.


Julian Sanchez has come up with a more pithy name for this phenomenon: the care bear stare.

For those of you who didn't grow up (or have small children) in the 80s, the reference at the close of the previous post is to the cartoon Care Bears. The Care Bear Stare was a sort of deus ex machina the magical furballs could employ when faced with some insuperable obstacle: They'd line up together and emit a glowing manifestation of their boundless caring, which seemed capable of solving just about any problem.

In politics, Matt Yglesias has identified the neocon's version of the Care Bear Stare, which he's dubbed the Green Lantern Theory of Geopolitics. It holds that, like a Green Lantern's power ring, the American military can produce just about any effect imaginable if only the Will of the American People is strong enough. When any foreign intervention fails, this is proof that our will was insufficient, presumably due to the malign influence of fifth columnists in the media.

The left, of course, has its own version, which can be seen in claims that we know perfectly well how to solve problem X, if only we cared enough or had the political will to address it. A common variant holds that some vital function can't be left to the market, since only government can guarantee the right result, presumably by putting the word "guarantee" somewhere in the relevant legislation.


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