Read George Will's description in Newsweek of how beautiful the free market works:
Pencils And Politics
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Random thoughts and interesting tidbits. . .
. . .focused on current economical and political events.
"But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."
Thomas Jefferson
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10 comments:
Unfortunately, there has never been a "free" market.
"To disrupt markets is to tamper with the unseen source of the harmony that is all around us."
This is guy is really making me laugh out loud. He talks about the harmony all around us, while ignoring history. What a pinhead.
"When a student asks about the exploitation of housecleaners, Ruth responds that if they are exploited making between $10—above the minimum wage—and $20 an hour, why are they not exploited even more? The answer is that the market makes people pay maids more than the law requires because maids have alternatives."
The above quote is pure market evangelist fantasy. The maids have "alternatives", because of high unionized wages, social safety nets that allow them to choose not to work if they don't want, and the minimum wage, which assures that the even crappier jobs are receives a basic amount to live.
"The spontaneous emergence of social cooperation—the emergence of a system vastly more complex, responsive and efficient than any government could organize—is not universally acknowledged or appreciated. It discomforts a certain political sensibility, the one that exaggerates the importance of government and the competence of the political class."
Doesn't he mean spontaneous through revolution? Oh yeah! Forgot that part! Doesn't he mean "spontaneous" from monarchy to republican governance? WHOOPS! That would be scientific!
"The 'poetry of the possible' is that things are organized without an organizer."
But history shows that this is not true!
wow...you've given me a lot to respond to there.
I'm on vacation, lol.
i thought your vacation was when you were home?
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