Sunday, November 6, 2011

Response to "Models of Revolution"

Mr. Repohl extols the merit of "spontaneously generated" revolutions.

I could not share his enthusiasm more.

Another "spontaneous" revolution of great merit, which receives scant attention, mixed reviews, or repugnant condescension, is the market system of trade, free of government regulations beyond enforcement of contract and prosecution of fraud. One could equate the widespread system of buy, sell, trade with the Industrial Revolution, which brought many impoverished and starving into a comfortable life, free of the cruel vagaries of nature and government intrusion.

Free market economists posit the superiority of the free market, free of onerous government regulations, with a simple phrase: "One cannot create a pencil". The mechanisms in place, from raw resource to raked-in revenue, make it possible for the wood, the paint, the graphite all to be culled then shipped by various means to one location, where they are assembled, prepared, and distributed to various merchants throughout.

No one mind can devise so complex a set of processes, yet it takes place every day, not just for pencils, but for all goods for sale on the open market.

If the "99%" crying havoc at Wall Street on behalf of Main Street would only respect this amazing, yet inscrutable phenomenon, protesters would be motivated to organize against Big Government, the source of major interventions in the marketplace that have frustrated commerce, created unemployment, and stymied economic recovery.

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