Wednesday, December 24, 2008

In A Nutshell

This is a concise statement of why only a total economic crisis will change our system, which is inherently flawed.

From the Independent Institute:

Republicans often say we need a successful businessman, small-town leader, or citizen whose accomplishments are outside politics to shake things up in Washington or the state capitals. But those who work in the market labor under a totally different system, set of incentives, and institutional dynamic.

The government’s defining character renders it immune to fundamental reform by outsiders. Unlike the market, government finances itself through coerced taxation, not honestly earned profits. It maintains dominance through the threat of violence—police and imprisonment—not through voluntary exchange. Government power corrupts and cannot be purged of its intrinsically coercive and political nature. Outsiders cannot stay outsiders long once inside the halls of power.

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