Economic Myths #7 – Government Means Harmony

[First published on Free Life]

One of the aspects of capitalism and the free market that the typical lay person finds difficult to comprehend is the fact that the complex structure of work, production, distribution, and trade could possibly take place without some kind of centralised, directing authority in order to co-ordinate everybody’s efforts. Wouldn’t there just be chaos and mal-coordination with everyone trying to make their own, independent plans if there is nobody at the tiller to steer the giant ship?

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The Madness of Government Planning

Why “Top-Downism” Will Always Fail

[This article is excerpted and adapted from an essay published previously on Free Life.]

It can scarcely be denied that the past two years have seen a rapid increase in the centralisation and consolidation of state power. While 2019 was hardly a small-state paradise, the penchant for central planning has gathered pace during the time in which we were all confined to COVID house arrest. Indeed, the whole sorry spectacle of lockdowns, masking, distancing and mass vaccination programmes were themselves uniform, top-down responses to a particular problem. Never matter how disastrous and destructive these policies, governments haven’t wavered from the notion that more of their input is the panacea to every societal ill – most of which, needless to say, are caused by governments themselves. Indeed, there is a pending attempt to harmonise government responses to health “emergencies” under the auspices of the World Health Organisation through a “pandemic treaty”.

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