04 November 2011

Democracy Means Votes for Washing Machines


  1. Democracy means votes for coerced redistribution and artificial equalization through corrupted or historically an oppressive authority.

    The problem around the world, but especially in Africa, is authoritarian distress, including rebels with a cause and without a clue, and others who suffer from delusions of grandeur, who have consolidated capital and power through both corrupted and oppressive authority.

    All of this can be traced to individuals who are ostensibly incapable of respecting individual dignity and embrace the devaluation of human life, in exchange for one cause or another, typically their own enrichment and comfort.

    There are reasonable compromises of individual dignity. There are limited justifiable instances of involuntary exploitation (e.g., taxes), which when coupled with authority inevitably promote corruption of individuals and society. The preference, and the enlightened direction, is through voluntary exploitation, including economic activity, charitable works, and charitable donations. With the latter two, the beneficiaries of the aid must be engaged in their own recovery in order to avoid undermining their proper development.

    Forget the washing machine. That is for people with impoverished ambitions. Vote for the beachfront property in Hawaii.

  2. Here is everything you need to know about economics and prosperity in 91 seconds: http://meteorologicalmusings.blogspot.com/2011/11/best-economics-lesson-ever.html

    As Roger points out in his latest book, the "cure" for greenhouse gasses is innovation. That innovation will likely come from a future Steve Jobs, not a government program.

  3. It's our class summarized in 9 minutes. ;)

    I thought it was interesting when the audience laughed when Hans said, "Even the hard core in the green movement use washing machines". We cannot imagine our lives without washing machines, yet I've never given much thought to the fact that my family didn't have one just a couple of generations ago.

  4. Mike Smith:

    Friedman is absolutely correct.

    With respect to Einstein, many individuals will contribute data, but we are thus far incapable of predicting who will consolidate and make sense of the disparate pieces made available.

    With respect to economics, politics, etc., the world revolves around competing interests, beginning with individuals, growing to cooperatives, and ultimately nations (i.e., administrative districts).

    With respect to capitalism (i.e., private holding and direction of capital), there is a reason why the Chinese communists adopted a hybrid economic model. There was a reason why the Soviet communists eventually accepted the same compromise. In both, they recognized that individual self-interest, individual desire to preserve their dignity, was the premier force to drive economic and social development. The Soviets recognized it too late, and the price of their delusions to effect global homogenization ultimately led to their undoing.

    The problem with ideologies which consolidate capital and power under central control, is that they also marginalize and eviscerate competing interests. The combination of authority and power to conduct involuntary exploitation of people promotes corruption of individuals and society. In that case, with the inability of competing interests to moderate extremism and a progressive imbalance in the society, the people have no alternative than to conduct a revolution against authoritarian interests.

    It should be in no one's interest to conduct a revolution or engage in another civil war.