Saturday, August 6, 2011

The Market Is Wiser Than Men

"Capitalism is the belief that nobody is wise enough and knows enough to control the lives of other people. When each person buys, sells, consumes, produces, saves and spends at will, 'the miracle of the market' enables everyone to benefit."

Perry Gresham (1907-1994)

So then why would people want to order things to restrict a market's ability to benefit everyone? Why are there people who DO THINK they can do better for us than we can do for ourselves? The answer: control.

Of course, in order to so structure society, they must create offices and officers, regulations and regulators, laws and legal administrators, orders and those who order, a multiplicity of fees and taxes and a multiplicity of fee and tax collectors. This places a burden not only on the economy of a society, but its social structure.


But then, all said, that is the point isn't it?

Thomas Jefferson said it best in the Declaration of Independence. In his list (the colonists' list) of complaints against an oppressive king, whose desires and oppressions were FAR LESS than what we experience now from our "republican* government," was this phrase:

"He has erected a multitude of new offices, and sent hither swarms of officers to harass our people, and eat out their substance."

Is that, or is that not, where we find ourselves today?

* When I say "republican" obviously I do not mean a political party. We have a Constitutional republic in this country, based on the rule of law. Methinks and mefears it is fast disappearing.

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