Thursday, April 16, 2009
Freedom or Regimentation - Mark Scheel - Mises Institute
Freedom or Regimentation - Mark Scheel - Mises Institute: "He asks the questions, does societal inequality necessarily imply victims and villains, and why do we tend to divide ourselves into 'them-versus-us' dichotomies? Carabini then warns of the pitfalls inherent in a strict system of democracy and reintroduces the old concept of "the tragedy of the commons." A consideration is offered as to how wealth is not a static monopoly but rather begets more wealth for all. A clarification is made as to what really constitutes money and how money does not equate with "prosperity." Carabini then berates the news media today for misleading us with skewed reportage and deconstructs the phenomenon of so-called "earnings gaps," explaining why any quest for "economic equality" is not only futile but harmful to the whole of society. As clearly demonstrated, redistribution of earnings and wealth quickly becomes a bane to a healthy economy, and everyone suffers the worse for it."
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