” Wondering how libertarians view the world? The Daily Signal caught up with John Stossel, host of “Stossel” on the Fox Business Network, to hear how the political perspective applies to controversial issues such as Ebola, the economy and drug legalization.
“ Legalization is not about moral implication,” he said while speaking on the issue of drug legalization. “We argue that the drugs are bad … but the laws against them creating the black market are far worse.” “
Thanks to The Daily Signal
” Daniel Griswold argues that free trade is not only more efficient than protectionism but also more moral.”
” One: Free Trade Respects Individual Dignity and Sovereignty
A man or woman engaged in honest work has a basic right to enjoy the fruits of his or her labor. It is a violation of my right to property for the government to forbid me to exchange what I produce for something produced by a fellow human being, whether the person I’m trading with lives across town or across the ocean.
Protectionism is a form of stealing, a violation of the Eighth Commandment and other prohibitions against theft. It takes from one group of people, usually a broad cross section of consumers, and gives the spoils to a small group of producers whose only claim to the money is that they would be worse off under open competition.
Free trade meets the most elementary test of justice, giving to each person sovereign control over that which is his own. As Frederic Bastiat wrote in his 1849 essay, “Protectionism and Communism”:
Every citizen who has produced or acquired a product should have the option of applying it immediately to his own use or of transferring it to whoever on the face of the earth agrees to give him in exchange the object of his desires. To deprive him of this option when he has committed no act contrary to public order and good morals, and solely to satisfy the convenience of another citizen, is to legitimize an act of plunder and to violate the law of justice.”
Read the whole thing . The essay dates from 2001 but that does nothing to diminish the validity of Mr Griswold’s argument . On the contrary , the intervening years of State growth and the corresponding inflation , depression and recession demonstrate more than words how the morality of the free market far surpasses that of the coercive State .
” The market is fine for some things, people will say, but other activities are too important to be left to the market. Or too complicated. Or too fundamental to our democracy.
I say: Privatize everything.
To some of you, that will sound callous — but failure to privatize services, keeping them in government hands instead, is what impoverishes and kills people. Nothing compassionate about that.
Take organ donations.
Regulations forbid buying and selling organs, so the market cannot operate. Desperate patients must wait and hope someone gives out of sheer generosity, that someone dies at just the right time, and that hospital administrators bump their case to the top of the list.
Some things ought to be done by government: things like running courts, policing pollution, and protecting the border. But most everything else should be left to private actors.
Government offers guarantees on paper and promises in speeches. But government rarely delivers. Private companies did brilliant Internet work for President Obama’s election campaign. But when it came to his health insurance website, the president put government in charge. We saw the result.
Markets aren’t perfect, but they allow for a world where prudence is rewarded and sloth punished, a world in which more people take risks and innovate. That’s a world where people prosper.”
Read it all . It all boils down to accountability … With government there is none .
Free Market at Work: Okla. City Hospital Causes Bidding War by Posting Surgery Prices Online
” For most Americans, the cost of undergoing surgery can cost anywhere between $1 and $1,000+ dollars. The prices vary as all sorts of factors affect the final price.
That is, the price of surgery is a total mystery unless you go to the Surgery Center of Oklahoma in Oklahoma City. They post their prices online.
Founded nearly 15 years ago by Dr. Keith Smith and Dr. Steven Lantier, the clinic has thrived on its promise of “price transparency,” KFOR-TV reports.
“What we’ve discovered is health care really doesn’t cost that much,” said Smith. “What people are being charged for is another matter altogether.”
The company started posting its all-inclusive surgery prices online four years ago. ”
” The free market economy has been taken for granted by the American people as the dynamic generator of the nation’s vast wealth. Our capitalistic economy is currently being “fundamentally transformed” into a central government-dominated system, threatening the vibrance that has made America the land of opportunity. The following ‘thirteen genius quotes’ display the moral underpinnings of the market economy and dispel some common misconceptions. “
Here is a Sample : Click the headline to read them all .
” “All other persons and groups in society (except for acknowledged and sporadic criminals such as thieves and bank robbers) obtain their income voluntarily: either by selling goods and services to the consuming public, or by voluntary gift (e.g., membership in a club or association, bequest, or inheritance). Only the State obtains its revenue by coercion, by threatening dire penalties should the income not be forthcoming. That coercion is known as ‘taxation,’ although in less regularized epochs it was often known as ‘tribute.’ Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match.” — Murray Rothbard “
Monday, September 24, 2012
6:00 PM (Reception To Follow)
Featuring the authors Yaron Brook, Executive Director, Ayn Rand Institute; Don Watkins, Fellow, Ayn Rand Institute; moderated by David Boaz, Executive Vice President, Cato Institute.