Lucy Redler speaking at Socialism 2006 (Part 2)
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Economics is a Social Science avilable through Liberal Arts or the College of Business. If Adam Smith had used the term God instead of "Invisible hand", we would all be asking who was Adam Smith. In a free market, self interest pitted against itself magically generates abundance. That same self-interest, in controlled market economies guarantys scarcity and shortages. Externalizing individual conscience to Government that has no conscience, is the epitome of ignorance.
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Provide me a choice a human can make that is not subject to Self interest ie. Do Not receive a psychological or material benefit.
Self interest is why we took our first breath and why we choose to drink water rather then shrivel like a raison in the sun.
Self interest and the Laws of Supply and Demand, govern instincts and survival.
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Humans have been on earth for over 200 000 years, while capitalism and hence the "laws" of supply and demand have only been here for around 500 years. These are evidently not natural laws at all, but contingent on a particular historical phase of human progression.
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The principle of self-interest helps determine the Laws of Supply and Demand. Those laws are empirically proven correct. They are Natural Laws like Gravity and neither can be denied in the real world. The FACT is we are all born capitalists based on FACT we took our first breath of air based on the Principle of Self interest.
The Principle of Self-interest guarantees Socialism will fail. The problem is CORRUPTION within any system. Disneyland Socialism where corruption can co-exist, bullshit
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Workers off all lands unite,yours for the abolition of the wages system.
worldoffreeaccess 4 years ago 8