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Getting what you voted for, good and hard | Samizdata.net
This is an interesting piece from Perry de Havilland, one of the UKs leading libertarians, seriously it's interesting, read it.
Of course, the reasons I find it interesting, and many readers will is somewhat different to the reasons Perry thinks it is interesting.
He makes an interesting thesis, that markets work because the actors in the market are flawed and acting only from Self Interest. His point, and I've heard this argued somewhat by David Friedman, is that the real problem is that politicians are flawed and therefore Statist solutions don't work either. Only the market will magically punish the irrational.
One of the vast problems I have with this line of logic is that the only rational course of action is to punish the stupid or gullible, no matter what the cost to society is. I may, perhaps, be too empathic for my own good.
This is an interesting piece from Perry de Havilland, one of the UKs leading libertarians, seriously it's interesting, read it.
Of course, the reasons I find it interesting, and many readers will is somewhat different to the reasons Perry thinks it is interesting.
He makes an interesting thesis, that markets work because the actors in the market are flawed and acting only from Self Interest. His point, and I've heard this argued somewhat by David Friedman, is that the real problem is that politicians are flawed and therefore Statist solutions don't work either. Only the market will magically punish the irrational.
One of the vast problems I have with this line of logic is that the only rational course of action is to punish the stupid or gullible, no matter what the cost to society is. I may, perhaps, be too empathic for my own good.
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