Taking a look at a single day’s page of the Libertarian website www.lewrockwell.com, one would think that the world is about to collapse. Indeed it is hard to not be pessimistic when confronted with the following type of line-up:

  • The bankruptcy of Western nations, particularly the US;
  • Increasing wars and overseas intervention; the expansion of imperialism;
  • Increased Government invasion into privacy;
  • Economic stagnation, endless money printing, the recommended flight into previous metals;
  • The dangers of Government medicine;
  • The dangers of Government schooling;
  • The lack of integrity of the political class; official lies and corruption.

This is just a selection of the most frequent topics and some days one feels like it is enough to engender complete despair about the future of the world in which we live. Such a feeling would not be unjustified; indeed the website, apparently the best read Libertarian website in the world, is almost unique in drawing attention to these important aspects.

Nevertheless it is vital not to lose optimism in the face of such adversity. And while it may seem that the state is increasing its stranglehold to choking point on the average citizen, there are several key reasons that give cause for optimism.

The first is the increased ability to disseminate information with ease; the growth of the internet left Government control behind and now that it is firmly out of the bag it is unlikely that it will ever be brought under the Government’s heel. Within seconds it is possible to communicate information at very low cost from one side of the world to the other and at the very least for those who want to become educated and to find the true reasons for the way the world turns the ability is that much greater. In some quarters it is true that this aspect does tend to be overplayed. Technological development can also serve opposing ideologies just as it can serve the cause of freedom and there is also the tendency that people will go looking for the answers they want rather than for the truth. Nevertheless this development cannot be overlooked on the road towards liberty.

The second and greater reason, however, is that today we are still enjoying a standard of living that is the fruit of two centuries worth of relative economic freedom. The accumulation of capital that could take place in this epoch is unique in history and whereas pre-Industrial generations could only accept their meagre lot in life as serfs it is difficult to comprehend how this attitude could be repeated today. For today’s average citizen lives far more luxuriantly than did a king of the Middle Ages; not only is our time that of the PC, the iPhone, and communications gadgets but also of such “humbler” luxuries such as cars, refrigerators, supermarkets stacked full of food, clothes shops, and an almost endless array of products that can be bought from some outlet somewhere for relatively a modest price. This standard of living requires the maintenance and growth of its underlying capital structure, a structure that we know, from “Austrian” Economics, can only be produced and nurtured under a condition of free-market capitalism. Indeed so powerful has been this productive tendency of free-market forces that they have even been more than able to mask statist interference. During the 1920s for example productivity was so high that prices still managed to decline in the face of excessive increases of the money supply. And even today the fact that the world still holds together suggests that capitalism and freedom are for the most part still being allowed to work. But more important than that it is very unlikely that a rapid descent of the standard of living could occur without exciting a revolution. When people have become accustomed to living as they do then it would be a “brave” politician indeed who would bring about the destruction of that standard. In the back of their minds I happen to think that this is realised; that they know that freedom is what produces the goods we enjoy today and that, in any case, it is only when free individuals are able to become so productive that the Government has a source of wealth that it can confiscate.

For this reason, therefore, I remain an optimist for the cause of freedom – optimistic that the capitalistic structure of the Western world has not yet totally collapsed and optimistic that, should it come close to doing so, our “leaders” will have the angry masses, pitted and plundered to the hilt, with which to contend.

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