Saturday, March 22, 2008
A Few Thoughts on the Morality of Markets
Free market economics is the only moral economic system ever developed by humans. Specifically, it is the only system which arose naturally, from the bottom-up, as all natural, self-organizing systems do. Top-down organization is unnatural and artificial and results in immoral behavior. Socialism treats human beings like they are parts of a machine. Free markets, arising naturally through the interactions of people voluntarily trading with each other, encourages people to act ethically and to act in the be interest of others even as they act in their own self-interest (this is, again, in opposition to socialism, where people act in their own self-interest as they claim to act in the interest of others).