The record is clear. Central planners failed, in the Soviet Union, in Cuba, at the U.S. Postal Service and in America's public schools, and now they stifle growth in Europe and America. Central planning stops innovation.
Yet for all that failure, whenever another crisis (real or imagined) hits, the natural instinct is to say, "Politicians must do something."
In my town, unions and civil rights groups demand a higher minimum wage. That sounds good to people. Everyone will get a raise!
The problem is in what is not seen. I can interview the guy who got a raise. I can't interview workers who are never offered jobs because the minimum wage or high union pay scales "protected" those jobs out of existence.
The benefit of government (SET ITAL) leaving us alone (END ITAL) is rarely intuitive.
Because companies just want to make a buck, it's logical to assume that only government rules assure workers' safety. The Occupational Safety and Health Administration sets safety standards for factories, and OSHA officials proudly point out that workplace deaths have dropped since it opened its doors.
Thank goodness for government, right? Well, not so fast. Go back a few years before OSHA, and we find that workplace deaths were dropping just as fast.
Workers are safer today because we are richer, and richer societies care more about safety. Even greedy employers take safety precautions if only because it's expensive to replace workers who are hurt!
Government is like the person who gets in front of a parade and pretends to lead it.
In a free society, things get better on their own -- if government will only allow it.
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