Posted in Economic Issues, Free Society, government incompetence, Liberty, Policy Issues, Rule of Law, Uncategorized

Law is Organized Justice

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Frederic Bastiat

And, in all sincerity, can anything more than the absence of plunder be required of the law? Can the law — which necessarily requires the use of force — rationally be used for anything except protecting the rights of everyone? I defy anyone to extend it beyond this purpose without perverting it and, consequently, turning might against right. This is the most fatal and most illogical social perversion that can possibly be imagined. It must be admitted that the true solution — so long searched for in the area of social relationships — is contained in these simple words: Law is organized justice.  

Now this must be said: When justice is organized by law — that is, by force — this excludes the idea of using law (force) to organize any human activity whatever, whether it be labor, charity, agriculture, commerce, industry, education, art, or religion. The organizing by law of any one of these would inevitably destroy the essential organization — justice. For truly, how can we imagine force being used against the liberty of citizens without it also being used against justice, and thus acting against its proper purpose?  

Here I encounter the most popular fallacy of our times. It is not considered sufficient that the law should be just; it must be philanthropic. Nor is it sufficient that the law should guarantee to every citizen the free and inoffensive use of his faculties for physical, intellectual, and moral self-improvement. Instead, it is demanded that the law should directly extend welfare, education, and morality throughout the nation.

This is the seductive lure of socialism. And I repeat again: These two uses of the law are in direct contradiction to each other. We must choose between them. A citizen cannot at the same time be free and not free.

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Posted in Cost of labor, Crony Capitalism, Economic Issues, Free-Market, Government Regulations, Influence peddling, Job loss, Minimum wage, Policy Issues, Poverty, Tax Policy, Uncategorized, Unemployment, Wealth

Free Market Cures for Wage Stagnation – Young Voices Advocates

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Dan Mitchell’s First Theorem of Government

Another explanation for stagnant wages is increasing market power for a dwindling number of corporations: the fewer corporations there are competing for labor, the more able they will be to negotiate down wages. In the book “The Captured Economy,” Niskanen Center scholar Brink Lindsey and Johns Hopkins professor Steven Teles argue that “regressive regulation”––or regulation supported by established corporate interests in order to drive out competitors––has contributed to this phenomenon. As regressive regulation limits the number of corporations, it means the fewer larger remaining corporations can bid down wages.

The progressive proposal for increasing wages in a labor market in which a few corporations have dominant market power is to raise the minimum wage. Unfortunately, minimum wage increases exacerbate the problem of the concentration of market power for big corporations. According to a Harvard study released this past April, minimum wage increases lead to smaller businesses closing down, hence hurting people trying to start enterprises and advantaging wealthier, more established players. Not to mention that the minimum wage hurts the poorest members of society trying to enter the labor market. Minimum wage hikes are not the way to increase low-income wages, but free marketers need to present their own remedies.

The solution to the high level of market power of a handful of companies is to empower small businesses to enter the market. And government regulation disproportionately harms small businesses: according to a Lafayette University study, the regulatory burden per worker is 28 percent higher for companies with fewer than 500 workers than for companies with more than 500 workers. Specific, targeted reform directed at regulations that have especially high fixed costs and create barriers to entry would go a long way in empowering workers and new entrepreneurs.

Occupational licensing laws are an excellent example of a regulation that depresses the wages of low-income people by imposing high fixed costs, and they have exploded over the past half-century. In 1950, only five percent of jobs were subject to licensing requirements. Now, that figure is closer to 30 percent. According to conservative think tank Goldwater Institute, occupational licensing requirements seriously depress low-income entrepreneurship, hence both holding more people in poverty and preventing the entry of new, small firms…Repealing these regulations would both directly increase the wages of low-income workers while also easing the process for firm entry into the market.

Furthermore, the Dodd-Frank Act is another package of regulations that has seriously weakened small businesses. The burden of the regulatory rules in Dodd-Frank has disproportionately hurt community banks, and while community banks only form 20 percent of all banking in the United States, they are responsible for 50 percent of small business loans. Therefore, as community banks die off––almost 20 percent of them have shuttered since Dodd-Frank’s implementation––would-be small business founders lose access to capital. This loss of access to capital perpetuates the problem of the shrinking number of businesses in the market as a whole. Therefore, repealing Dodd-Frank would enable for more firm entry and a more dynamic labor market, addressing the decline in business formation partially responsible for wage stagnation.

Increased competition in the labor market for workers is a viable solution to slow wage growth that conservatives must champion. Free marketers cannot afford to surrender the issue of wage stagnation to progressives championing more government intervention, and present their own liberty-minded solutions to raise the wages and living standards of low-income workers.

https://townhall.com/columnists/youngvoicesadvocates/2018/04/06/free-market-cures-for-wage-stagnation-n2468455

Posted in Education, emotional intelligence, Free Society, Leadership, Liberty, Rule of Law, Uncategorized

The Long-term Effect of Too Much Information

DecisionMaking1By Robert Nelson

 

Can we have too much information?

If the universe of information is all accurate, and useful, then the the answer is obviously no; we can’t have TOO much.

But in the age of digital media projected via the instantaneous & highly portable connectivity that social networking platforms provide, the sheer amount of information is nearly incalculable; not to mention unfiltered and often unvarifiable. And nevermind the “fun coefficient”, but we’ll leave the entertainment value of the content for another discussion.

It seems that deciphering the accurate from the erroneous and the useful from the superfluous is not a uniquely modern problem; albeit one that is currently more pervasive and swift in its ability to evoke cultural change, both good and bad.

Note Thomas Jefferson’s thoughts on the issue of what we now call “fake news”.

In 1807 statesman Thomas Jefferson wrote a letter complaining about the misinformation in newspapers6

Nothing can now be believed which is seen in a newspaper.Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day

Jefferson provocatively suggested the advantages of not reading the newspaper:”

I will add, that the man who never looks into a newspaper is better informed than he who reads them; inasmuch as he who knows nothing is nearer to truth than he whose mind is filled with falsehoods & errors. He who reads nothing will still learn the great facts, and the details are all false.

Beyond the obvious requirement of source validity & fact checking, it seems that Jefferson is hinting at something a bit more universal: That some ideas can be seen as truth because they transcend time, culture and politics. We can’t be sure if Jefferson was referring to the transcendent or simply that his words reflected an optimism that the truth would eventually surface.

But whether it be Jung’s archetypes of the Collective Consciousness or the apostle Paul’s view that everyone contains an inner knowledge of the “law”, there is a theme that weaves through the history of human thought which maintains that there is objective truth apart from our own experiential being and which is self-evident if we use our senses and pay attention to how the world operates.

But back to the consequences of too much information; or more accurately, the speed at which unverified stories and unvetted ideas permeate society via agenda-driven media outlets.

When asked by a reporter about being the victim of a “fake news” story, Denzel Washington had this to say:

One of the effects [of too much information] is the need to be first; not even to be true anymore. So what a responsibility you all have to tell the truth, not just to be first…

~Denzel Washington

Posted in Education, Free Society, Government Regulations, Liberty, Organizational structure, Policy Issues, Rule of Law, Uncategorized, Unsettled Science

Did Nietzsche Predict the Post-Modern Politically-Correct Censorship Being Peddled by the Social Justice Warriors?

“It [Politically correct legislative coercion] is resentment, and the demand for power, disguising itself most reprehensibly as compassion; and its time for the mask of that to be taken off and things set straight…” – Jordan Peterson

Because, for man to be redeemed from revenge—that is for me the bridge to the highest hope, and a rainbow after long storms.

Otherwise, however, would the tarantulas have it. “Let it be very justice for the world to become full of the storms of our vengeance”—thus do they talk to one another.

“Vengeance will we use, and insult, against all who are not like us”—thus do the tarantula-hearts pledge themselves.

“And ‘Will to Equality’—that itself shall henceforth be the name of virtue; and against all that hath power will we raise an outcry!”

Ye preachers of equality, the tyrant-frenzy of impotence crieth thus in you for “equality”: your most secret tyrant-longings disguise themselves thus in virtue-words! 

– Friedrich Nietzsche, Thus Spoke Zarathustra

Posted in Cost of labor, Dependency, Economic Issues, Education, Entrepreneurs, Foreign policy, Free Society, Free-Market, Government Regulations, Government Spending, Liberty, National Debt, Organizational structure, Policy Issues, Tax Policy, Uncategorized

America Has Forgotten Some Important Founding Principles …The Swiss Have Embraced Them

 

 

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Dan Mitchell – International Liberty

https://danieljmitchell.wordpress.com/2016/07/01/switzerlands-improbable-success-and-the-important-role-of-federalism/

 

Posted in Free Society, Influence peddling, Liberty, Policy Issues, Progressivism, Rule of Law, U.S. Constitution

Micro-totalitarianism – Thomas Sowell – Page full

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Dr. Thomas Sowell

The concept of “micro-aggression” is just one of many tactics used to stifle differences of opinion by declaring some opinions to be “hate speech,” instead of debating those differences in a marketplace of ideas. To accuse people of aggression for not marching in lockstep with political correctness is to set the stage for justifying real aggression against them.

via Micro-totalitarianism – Thomas Sowell – Page full.