Essay Government Intervention Market

Essay Government Intervention Market-16
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The most astonishing phase of this development has been the rapidity with which more and more of the despoiled "haves" are joining the interventionists' cult, formed for the express purpose of leveling down their supposedly unearned wealth.

Every day new groups of "haves" are joining the pressure groups who feel that "there ought to be a law" to end their troubles by protecting them from the operations of a free market.

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They fail to see that such laws are basically a surrender of their rights to employ whomever they might choose under free-market conditions.

They seem to believe that the intervention they support is good intervention because, in their opinion, it will strengthen their side against the common enemy "labor." They believe it will increase their freedom and enchain their "opponents." Alas, employers, too, are victims of the current tendency to think of wealth production in terms of "class warfare," rather than in terms of social cooperation for mutual advantage in a free and peaceful market.

When anything goes wrong, from a train wreck to a change in stock market prices, the craven crowds always clamor for just one more law.

Throughout the world there is a spirit of egalitarianism and trust in government omnipotence that blinds people to the inevitable and undesirable consequences of the very intervention they currently advocate.

Such step-by-step intervention, if followed to its logical conclusion, will produce the same results in any country, even in the United States.

The major mistake in the thinking of those who advocate the so-called right-to-work laws is their thought that these laws will remedy some of the sins of the federal labor laws that now grant special privileges to labor unions.


Comments Essay Government Intervention Market

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