Wednesday, October 16, 2013

Organize Via Guns or Cooperation?

To do so would have been naive, because history — and common sense, along with a large catalog of economic theory — tells us that central planning has not and cannot work.
What works and always has is voluntary cooperation among free people. Consumers and producers don't need functionaries in Washington managing their transactions. Groceries, wrist watches, cheeseburgers, bowling balls, aspirin and any number of other goods and services are bought and sold just fine without government involvement. These markets organize themselves.
Buyers and sellers speak clearly to each other through price signals. Government planners would only wreck what has developed efficiently on its own.
It's foolish to believe a group of planners in Washington, D.C., or anywhere else, could organize a market as large and complex as health care.

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