Tag Archives: Free market

The Decline of Personal Responsibility

The welfare state condemns personal responsibility which causes great moral degradation. The welfare state causes this moral degradation because everything about the welfare state is immoral. It takes from some to give to others in other words the state steals. It make the recipients depend on the government. It makes the hard-working people slack off, because they know that the money they are working for will be taken away and given to someone who did not work for it. Under the welfare state no one is allowed to keep the fruits of their labor. The Definition of responsibility is,

: a duty or task that you are required or expected to do

: something that you should do because it is morally right, legally required, etc.

 

The responsibility (duty) to take care of ourselves falls on us and not the state or government. The free market on the other hand does promote greater personal responsibility, because you are not dependent on the government. As a result you work hard to support yourself because you know the government will not. You are responsible for the food you eat, the clothes on your back, and the roof over your head. Under the free market you are allowed to keep the fruits of your labor, which results in greater personal responsibility and wealth.

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The Free Market is the Solution

There is a problem that wrecks havoc on our economy. “Government ought to do it” is the cry of many people. That is the problem. Government has no money of its own, it has to tax, borrow, or inflate to do anything. This hurts our economy through coercive arrangements. The federal government should protect our life, liberty, and property. It has no legal authority to give us anything.  If the federal government did not impose its politics of plunder, that is taking by force from some to give to others,  we would not have this problem. The free market is fully capable of doing what the government is doing unconstitutionally. The free market through voluntary arrangements could build dams, bridges, and roads for less and at a higher quality than the government does. Doing it this way would not wreck havoc on our economy. It would not trample over our Constitution. The saying, “if you want it done right, do it yourself” applies to this problem. We should not be saying the government ought to do it, we should say we can do it through the help of the free market. If we follow free market economics we would solve many of our economic problems.

Who Should Set Prices?

Who should have the authority to set prices, the free market, or the state? When the state has authority to set prices it creates shortages and gluts. A shortage is when there isn’t enough of a certain good or service. A glut is when there is a surplus of goods or services. As a result businesses go out of business. If the government tells businesses that they cannot sell anything under a certain price, the result is little or no sales. If businesses sell everything because the government set a price limit the result would be bankruptcy because they under sold their products. The definition of a free market is a capitalistic economic system in which there is free competition and prices are determined by the interaction of supply and demand and not by the state. In the free market prices are set by the customers. Customers are always looking for the best product for the lowest price. Businesses want sales so they try as best as possible to meet the demand of the customers. This is the formula for success. The free market has the legitimate authority to set prices not the state.