I can't stand this indecision
Married with this lack of vision
Everybody wants to rule the world
--Tears for Fears
Prof Williams discusses the arrogance of statists in the context of the minimum wage. "Why shouldn't we accept job loss?" says one, "What's so bad about getting rid of crappy jobs, forcing employees to upgrade, and having a serious program to compensate anyone who is in the slightest way harmed by that?"
The operative word is 'force.' Elitists think they know how others should live, and are willing to use aggression to implement their plan.
Elitists think they know better than those who voluntarily trade with each other, and they contract with strong armed agents who point guns at others to prove it.
Saturday, June 4, 2016
Elitist Arrogance
Labels:
agency problem,
contracts,
markets,
security,
self defense,
socialism,
war
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