The Mezunian

Die Positivität ist das Opium des Volkes, aber der Spott ist das Opium der Verrückten

The Laissez-Faire Paradox

If one acknowledges the existence o’ imbalanced government intervention o’ the past, then one has no logical reason to demand a lack o’ government intervention in the present.

The key question: ¿Does the market by itself adjust income distribution gainst government meddling? If yes, then government meddling should be no problem, since the market will just readjust as if it ne’er existed. If no, then the existence o’ government intervention can’t be ignored–including that which existed in the past.

But, ‘course, we all know that government meddling has existed in the past–laissy libs bitch ’bout it all the time. & yet, if that’s true, then its effects must still be present, since the market doesn’t right itself gainst government meddling; & therefore, settling for a “pure” market that only allows government to maintain current property powers will maintain the distribution o’ property powers skewed by past government intervention.

In short: Laissez-faire in the present maintains the government intervention o’ the past.

Let’s anticipate a few attacks gainst this point: that it focuses on income distribution.

Laissez-faire fans, both fundamentalist & moderate, oft o’erlook the importance o’ income distribution, largely based on frivolous reasons: usually either their assumption that it isn’t important or their view that it can’t be scientifically qualified. People who hold either (or both) views, prefer to focus on “efficiency.”

1st, I should point out that my main focus is not on trying to keep my examinations as “pure” as possible, or anything, but simply how it affects people & their abilities or lack o’ abilities to fulfill their goals. Unlike, say, Paul Samuelson, I don’t care ’bout economics as some sociopathic “puzzle” wherein people are mere abstract pieces to be manipulated, but as a mere tool to serve people, however it may do so. Thus, I find the argument that we can ignore any economic issue simply ’cause there’s no way to analyze it in a purely positivist way faulty: whether or not we can doesn’t change whether or not it’s important.

& part o’ this is the fact that income distribution is the core goal o’ society, not efficiency. Individuals care not ’bout how much value is created within society as a whole,–& indeed, ironically thanks to subjective value, that shouldn’t e’en make any sense, since there exists no value outside o’ individual conscience–but how much value they get. Efficiency is useless if all o’ its value goes to someone else; meanwhile, e’en if a society creates nothing new, the distribution o’ that which is still remaining is still o’ importance.

Mo’ importantly, as stated in ‘nother article, efficiency relies on income distribution, which means that e’en if a lack o’ government intervention made the economy mo’ “efficient” e’en after government intervention in the past, this would still be offset by the faults in the income distribution caused by that past government intervention. Thus, the point still stands, e’en in regards to “efficiency.”

Posted in Politics