I’ll take the free market, please!

In my last post I favored empowering the treasury secretary, Hank Paulson, to deal with the financial crisis. This to me was the best of all bad choices available. It wasn’t a good outcome by any stretch of the imagination; it was a necessary bitter pill. As far as my personal values are concerned, I am a libertarian, and am opposed to government intervention in any form. Lest I am misunderstood, let me clarify my position.

I am deeply suspicious of the ideas of the left. The talk about universal health care, more regulation (Nancy Pelosi recently called it “market discipline”), government programs for poverty alleviation, etc. have always sounded utopian and unrealistic to me. After all I come from a country where we tried that approach, with arguably much more altruistic leadership than politicians at Washington, and it simply doesn’t work. We remained poor until the businesses stepped forward to build their own future.

Normally small scale socialistic experiments are harmless. They are the most inefficient way to target a problem, but they do help some people in need. So be it, we can live with that. But under reversals of years of an expensive war, negative economic outlook, and a “big idea” socialistic presidential candidate, they are starting to look scary. These are dangerous times. It’s in times of hardship, that we are most susceptible to forgo our freedom. It’s now that it’s most dangerous to ignore the voices of freedom.

Today, I would like to introduce the voice of Friedrich Hayek, a Nobel laureate, and a champion of free market capitalism. In his book “The Road to Serfdom (1943)”, he lays out the fallacies of socialism. The book has widely been regarded as one of the most influential and thought provoking book of the 20th century. However if you are pressed for time, you will do well to at least see this six minute cartoon illustration of his ideas.

About amit

I was born in Kanpur, India in 1977. I did my schooling partly in Kanpur, Surat and Udaipur. I spent most of my schooling years in Udaipur in a boarding school. This was the most enjoyable period of my life predominantly because I made a lot of friends and played a lot of football (my first love). My school years brought in a sinking realization that I was good in academics, average in football [even after my most sincere efforts :( ] and to put it euphemistically 'artistically challenged'. Hence cool careers in photography, sports, art & design or music were all beyond me. I took up what I could do best, and enrolled for engineering at Nagpur University. College brought its own pleasures, I had my share of beers, bunked classes, read the 'Bhagvad Gita', learned yoga and picked up love for traveling. After graduating I was one of the lucky few to get a great job at Infosys Technologies. The best thing I got from my first job - my Yamaha Rx 135. There were not many weekends when I did not explore places in and around Bangalore on it. In two years though my desire to pursue further studies caught up with me and I enrolled for a M.S in Computer Networking at North Carolina State University. Here I picked up basketball, love for stand up comedy, liking for the 'other football' and offcourse a little bit of computer networking. I graduated in Dec 2002 and am currently working for /n Software. I am slowly evolving into a die hard Linux and Open Source enthusiast, trying to pick up skydiving, biking, running and photography. Some might call that progress. :)
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