Showing posts with label free market. Show all posts
Showing posts with label free market. Show all posts

2022-12-21

Left, Right or Centre – Explainer

In today’s age of populism, with ideology apparently dead, how do you now if you are on the left or right or in the centre. There are indeed some basic philosophical positions that determine if you are on the right, left or in the centre.

If you are on the right you believe in individualism and the free market. Individualism rules supreme and there is no such thing as collective rights. You believe in the mantras that “acting in your own self interest is in the best interests of society” and “what is good for General Motors is good for America”.

You believe that almost everything, except perhaps policing and the military, is done best by the private sector and that the profit motive is the best motivator of people. Competition is the best way to provide progress and create wealth.

You believe in inequality because that is the best way to reward intelligence, talent and hard work. The poor are poor because they do not work hard enough.

You believe in small government whose role is essentially to protect private property rights. You think of taxes as something an outside entity (the government) takes from you, you may even refer to it as stealing. You may also believe in unfettered free speech.

If you are on the left you believe in community. You believe that individuals are not completely fulfilled unless they are part of a community. You believe in co-operation and working together for the common good. You care for others and believe everyone deserves respect and human dignity.

You believe everyone deserves a decent life and all work should receive a living wage with employment benefits, especially decent pensions. You believe the level of inequality in our society is immoral and billionaires should not exist.

You believe government exists to serve the common good by providing public services efficiently and reducing economic inequality in society. You believe taxes are how we collectively spend our money for the common good.

You may even believe that we have a responsibility to contribute to society according to our ability and society has a responsibility to provide for our basic needs, including food, clothing, housing, education and health care.

Those of you who claim to be in the centre are probably actually on the right but you believe government has a role in reducing the worst aspects of capitalism and providing a social safety net for the victims of capitalist excesses.


2021-02-13

Build a Better City – The Ultimate Reality Show

The worlds biggest reality challenge - two groups of 10,000 workers in 100 groups of 100 each face of to see who can build the better city on two separate plots of virgin land.

The first group has each team of 100 competing with the other teams each trying to build a better section of the city as quickly and least costly as possible. No collaboration is allowed and absolutely no social engineering is allowed. Shareholder rewards is utmost. This is the free market group.

The other group, the central planning group, has all 100 teams meeting and planning together before working on their individual sections where they communicate all lessons learned to the other group. Social engineering is required and the groups are required to consult with the people that will be living in the city in the planning process.

Who will build the better city ? Will it be the capitalists or the socialists ? Will the result be Ottawa or Copenhagen ?