lawyers, and so labor under the double anecdotal taint ofâI will not say, âmendacity,â but âlooking on the bright side.â The bright side is, of course, that which favors their particular interests and aspirations. If bread, it may be identified by the presence of butter.
Let us assume that in all close elections each side will endeavor to steal it (a safe assumption, as it is the case); for what unpatriotic soul would not in the service of National Interest wish to lessen the vagaries of chance?
Let us assume, then, that each party partakes equally of the human capacity for good and bad, for corruption, for misguided compassion, and of overweening cupidity; and that each will suffer failures of projects both good-willed and merely monstrously self-serving.
The question, as posed by Milton Friedman, was not âWhat are the decisions?ââany human or conglomeration is capable of decisions both good and badâbut â Who makes the decisions?â Shall it be the Government, that is, the State, or shall it be the Individual?
In some cases it must be the Government, which is, in these, the only organ capable of serving and protecting individual liberty and freedom: notably, in defense, the administration of justice, and maintenance of and oversight of Federal Infrastructure, e.g., Roads, Interstate Travel, Waterways, Parks, and so on. But what in the world is the Government doing meddling in Education, Health Care, Automobile Production, and the promotion of dubious, arguable, or absurd programs designed to bring about âequalityâ? Should these decisions not be left to the Individual, or to a Free Market, in which forces compete, to serve the Individual who will be the arbiter of their success?
But but but, some will interject, âLook at the abuses.â Well, some abuses fall afoul of the laws, in which case the provision has been made for their correction which, if not forthcoming, is in the right of the public to demand. Others fall afoul of custom, and will or can be corrected by censure, withdrawal of custom, or attempts at criminalization. Some must be borne, as they would under any system of government, business, or administration: someone eventually, inevitably, makes what someone else might characterize as âan error.â
But which system, Free Enterprise, or the State, is better able to correct itself?
For this is the essence of the difference between the Free Market (constrained) and the Liberal (unconstrained) view of the worldâto use Friedrich Hayekâs terms. It is not a difference of preference for plans or programsâin which either side may not only differ but, equally, be wrong. It is a difference in appreciation of structure.
The constrained view is that neither human beings, nor any conglomeration into which they may form themselves, are omnipotent, nor omniscient, nor omnibenevolent. We are incapable even of knowing, let alone of implementing, engines to alleviate the true causes of, and indeed of understanding the true nature of, many of the problems besetting us. This is, as Hayek says, the Tragic View. We are not only wrong, but most often wrong. The treasured values of one generation (slavery, phrenology, lobotomy, physical discipline of children, women as property, et cetera) are seen now not only as vile but as absurd. As, eventually, will many of the cherished ideas of today. This is tragic, but inevitable.
The question is which of two systems is better able to discard the failed and experiment to find the new; and the answer is the Free Market. It is not perfect; it is better than State Control; for the Free Market, to a greater extent, must respond quickly and effectively to dissatisfaction and to demandâif a product or service does not please, to continue in its manufacture in the Free Market is pointless. (Compare Government persistence and expansion of programs proved to have failed decades agoâfarm