This blog comments primarily on political and economic ideas and policies. In my view, most people prefer to live in a society that creates the greatest prosperity for the greatest number of people. Opinion differs, however, on how we should organize society to achieve these ends. The historical evidence shows that societies in which economic and political power are decentralized (i.e., based on markets and competition) easily out-perform societies that rely on centralized government and central planning (which is where we are heading, most notably in healthcare). The recent financial meltdown doesn’t change this conclusion in so far as government had a major role in the whole mess. Liberals today tend to ignore the evidence, acting instead as if the benefits of a decentralized approach are illusory and that the centralized approach has never been tried.  Hence, most of my comments tend to criticize the liberal “vision.”


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