AUSTRIAN ECONOMICS ADDICT

Organizing a society via the force of central planning whether it take the form of monarchy, dictatorship, socialism, communism, fascism, or a democratically elected big government is very appealing to the people who are in charge of doing the planning. Or, in the case of democratically elected big government, it also appeals to the people who have been convinced that they are on the side of the planners they elected. As our country moves ever closer toward central planning, more force will have to be used to achieve the planners goals. This will produce more contention between people, which leads to less cooperation and more chaos.

Milton Friedman explains this in the video below.

Here is an excerpt.

“Trying to do good with methods that involve force lead to bad results. Because the people who set out with good intentions are themselves corrupted. And if they’re not corrupted they are replaced with people with bad intentions who are more efficient at getting control of the use of force……The most harm of all is done when power is in the hands of people who are absolutely persuaded of the purity of their intentions.”

Here is a quote from Murrray Rothbard:

“The market promotes and rewards the skills of production and voluntary cooperation. The Government enterprise promotes the skills of mass coercion and bureaucratic submission…and those who get to the top will be those with the most skill in that particular task.”

Related Article – Why The Worst Get On Top, at mises.org.

Related Article – Why Socialism Won’t Work: Human Nature?, at austrianaddict.com.

This entry was posted on August 13, 2015 at 7:31 pm and is filed under Government and Politics. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Central Planning, Milton Freidman, Murray Rothbard, Socialism Doesn't Work, Socialism is Force, Unintended Consequences