-Caveat Lector-

from:
http://www.zolatimes.com/V3.28/pageone.html
<A HREF="http://www.zolatimes.com/V3.28/pageone.html">Laissez Faire City
Times - Volume 3 Issue 28
</A>
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Laissez Faire City Times
July 12, 1999 - Volume 3, Issue 28
Editor & Chief: Emile Zola
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Political and Media Utopianism

by Tibor R. Machan


You’ve probably heard the saying, "The perfect is the enemy is the
good." This is the curse of utopianism or idealism whereby folks aren’t
looking for what works best, what produces the greatest possible good,
but for what would solve everything, maybe even forever.

Consider, as an example, President Clinton cruising the country to whip
up support for his party. In the course of his travels he admonishes us
in his various speeches to support his plans to make sure that every
poor person necessarily benefits from American productivity. He is thus
buying into this kind of utopian thinking. OK, he is a politician and
perhaps by now it is common for such folks to deploy hyperbole instead
of good sense. But must members of the media become complicit?

Much of TV News appears to agree. In a recent report on competition
among HMOs, broadcast on a major network’s evening news program, we were
asked, would the process benefit everyone? Would all of those concerned
get good medical coverage?

"Perfect" Ain’t Perfect

No, nothing is going to work out for everyone all of the time. Rarely if
ever can a process such as economic competition benefit everyone equally
well. Competition is "only" the best way to produce results in the
production and distribution of goods and services in a community. But
those who seek control of community affairs are never satisfied with
what is best. They are likely, instead, to hold out the promise of the
perfect solution.

Now there is one pretty certain thing about such an alternative: it will
wreak havoc with the production and distribution of goods and services.
Why? Because the folks in control simply cannot know what works best for
those who seek those goods and services. This is the great insight of
such classical liberal economists as Ludwig von Mises and Frederick A.
von Hayek. They spent a great portion of their careers examining the
feasibility of the planned economy in general. Their finding was
decisive: the knowledge needed to produce and distribute goods and
services simply cannot be obtained by those at the top -- that is, in
government bureaucracies. We might add to this that neither could they
secure the widespread initiative or practical effort to achieve this g
oal, given that government initiatives are very often firmly resisted by
a large segment of the population. (This is one reason there are so many
lawyers employed in highly paid jobs!)

Only if the free market is at work, wherein millions and millions of
consumers and producers communicate with each other by means of millions
and millions of particular transactions will the knowledge needed to
secure the best results be put to effective use. The people in the
market are best qualified to know what serves their wants and needs.
When you go shopping for anything at all, be it something essential or
trivial, you have the best chance at recording your wants and your
budgetary limits and those with whom you do the trading can, thus, make
use of this information. That information will help the millions of
decisions that are made all the way through the complex productive
processes of the community.

If, however, we leave it to Mr. Clinton and his army of bureaucrats, the
process will be seriously corrupted. Others who aren’t close to your
situation will be making decisions that bear on your life. Sure, now and
then they may hit the mark. And if they want your support in elections,
they may make use of your wish list and deliver to you what you want.
But this will be at the expense of others who must pay for it by having
legally to comply with extensive regulations, price supports,
protectionism, taxes, and so forth.

Imagination

One problem is that we can always imagine perfect solutions. Imagination
works well in art, where the objective is to sketch a vision, a happy
ending. Art leaves out most of the details -- sort of like the artist’s
rendition of a new building which then engineers must make actual. And
soon that artist’s rendition will be filled in with a great deal that is
quite good but also not quite what the imagination constructed.

We can also imagine an economy that lacks any poverty at all. Loosely,
yes, we can imagine it. But in reality this image is a falsehood. It
does not figure in the millions who may not want to work at the job
that, under the realities of the economy, is best for them. They hold
out for their dream jobs. They prefer some other course than the one
that gains them the best living, given what others would like to have
produced for them. The job security that is the dream of everyone simply
cannot be realized because, well, some have ideal jobs in mind that few
want to have performed or performed at the cost they are willing to pay.

And then there is also that irksome fact that some folks simply ruin
their chances for a decent living -- or, more sadly, events occur over
which they have no control and these prevent them from working.

For example, in his recent travels, President Clinton met someone who
cannot work because he suffers from emphysema. We were not told by the
reporters how the individual fell victim to this disease -- was it some
virus or was it, perhaps, self-inflicted by extensive smoking or other
bad habits. In any case, the individual is now poor, relative to the
standards laid down by bureaucrats (though one may wonder if he is poor
relative to, say, standards applicable in India or Malaysia).

There is simply no way to produce the utopia that will solve everyone’s
problems, be these economic, romantic, educational, psychological or
what have you. One thing we do know by now, however. If politicians and
their supporters impose policies that attempt to secure those utopian
ways of life, there will be hell to pay. That is, among other things,
the lesson of both the demise of the Soviet system and the sluggishness
of the socialist European economic order, the so-called "third way" that
is being hailed by politicians abroad these days.



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Tibor Machan, a philsopher, was previously interviewed by Alberto
Mingardi for The Laissez Faire City Times (
http://zolatimes.com/V2.21/Tmachan.html ). He is associated with Freedom
Communications of Irvine, CA; the School of Business & Economics,
Chapman University, in Orange, CA; and the Hoover Institution of
Stanford University,

-30-

from The Laissez Faire City Times, Vol 3, No 28, July 12, 1999
------------------------------------------------------------------------
Published by
Laissez Faire City Netcasting Group, Inc.
Copyright 1998 - Trademark Registered with LFC Public Registrar
All Rights Reserved
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