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Jay's Tuesday Free Enterprise Quote

"The welfare state destroys the market mechanisms -- lessens free choice and willing exchange.  Simultaneously creating unnatural specializations, it must, granted statism's premise, resort to welfarism; that is, it must assume the responsibility for the people's welfare:  their employment, their old age, their income, and the like.  As this is done, man loses his wholeness; he is dispossessed of responsibility for self, the very essence of manhood.  The more dependent he becomes, the less dependable!"

                                                                  Leonard E. Read

Never heard of Dr. Read?  Then you have probably not heard of I, Pencil.  This is a fabulous, and very short, pamphlet explaining that NOBODY knows how to make a pencil.  I, Pencil is written in the first person from the point of view of an Eberhard Faber pencil.  The pencil details the complexity of its own creation, listing its components (cedar, lacquer, graphite, ferrule, factice, pumice, wax, glue) and the numerous people involved, down to the sweeper in the factory and the lighthouse keeper guiding the shipment into port.  From the book:

"There is a fact still more astounding: the absence of a master mind, of anyone dictating or forcibly directing these countless actions which bring me into being. No trace of such a person can be found. Instead, we find the Invisible Hand at work."

"Since only God can make a tree, I insist that only God could make me. Man can no more direct these millions of know-hows to bring me into being than he can put molecules together to create a tree"

"The lesson I have to teach is this: Leave all creative energies uninhibited. Merely organize society to act in harmony with this lesson. Let society's legal apparatus remove all obstacles the best it can. Permit these creative know-hows freely to flow. Have faith that free men and women will respond to the Invisible Hand. This faith will be confirmed"

Genius leaves the market alone.  Dopes think they can manipulate it toward political ends.

Comment balloon 0 commentsKevin Robinson • August 18 2010 09:18AM

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