Does anyone actually believe that “planning,” “organizing,” or “running” an economy would be any less complex in ways both seen and unseen than counting and reporting a few hundred or thousand votes would be?
Warren Nutter’s assessment was no abstraction, but rather the result of years of close study of the relationship between state policy and industrial concentration in the United States – the subject of his dissertation at the University of Chicago.
In command economies, you get what you get and you hope that it fits.
The Joker is not just one man, not just a crazy person, but the instantiation of the insane and morbid dangers associated with persistent personal failure backed by a conviction that when there is a fundamental conflict between a vision and reality, it can only be solved by the creation of chaos and suffering.
I’d take whatever Bernie Sanders calls socialism over accountable capitalism any day, because rather than starve the dynamic private sector of resources, Elizabeth Warren’s vision stifles the dynamism itself.
In a world where it sometimes feels like free market advocates are tolerating more intervention in our economy than we would have ever predicted, Lavoie calls upon us never to forget the abiding importance of remaining true to one’s belief in the power and humanity of markets.