When my wife was a liberal, she complained that libertarian reasoning is coldhearted. Since markets produce winners and losers and many losers did nothing wrong market competition is cruel. It must seem so. President Obama used the word fair in his last State of the Union address nine times.
We are imprinted to prefer a world that is fair. Our close relatives the chimpanzees freak out when one chimp gets more than his fair share, so zookeepers are careful about food portions. Chimps are hardwired to get angry when they think they've been cheated and so are we.
Filmmaker Michael Moore took this notion about fairness to its intuitive conclusion during an interview with Laura Flanders of GRITtv, saying of rich people's fortunes: That's not theirs! That's a national resource! That's ours! As is typical, Moore was confused or disingenuous. In our corporatist economy, some fortunes are indeed made illegitimately though political means. The privileges that produce those fortunes should be abolished. But contrary to Moore, incomes are not national resources. If he's concerned with illegitimate fortunes, he should favor freeing markets.
Fairness is related to justice, the recognition of people's rights to their own lives.
A free market will create big differences in wealth. That wealth disparity is simply a byproduct of freedom vastly diverse individuals competing to serve consumers will arrive at vastly diverse outcomes.
That disparity is not unfair if it results from free exchange.
The free market (which, sadly, America doesn't have) is fair. It also produces better outcomes. Even losers do pretty well.
A more astute observer than Moore might show how unfair government intervention is. Licenses, taxes, regulations and corporate subsidies make it harder for the average worker to start his own business, to go from being a little guy to being an independent owner of means of production. Most new businesses fail, but running your own business is the best route to prosperity and surveys suggest happiness, too.
I once opened a dinky business called The Stossel Store in Delaware, hawking hats, books and other goodies on the street. It was hard to open this store. I chose Delaware because it's supposedly the state that makes that easiest but easiest didn't mean easy. I still required help from Fox's lawyers to get the permits, and the process took more than a week. In my hometown, New York City, it would have taken much longer.
By contrast, in Hong Kong, I started a business in one day. Hong Kong's limited government makes it easy for people to try things, and that has allowed poor people to prosper. Regular people benefit most from economic freedom.
The rest is here:
Defining fairness in a big, modern society
- If Brevity is the Soul of Wit ... - November 7th, 2009 [November 7th, 2009]
- Gang Brutality Caught on Tape - November 8th, 2009 [November 8th, 2009]
- Kim Jong Tweet - November 8th, 2009 [November 8th, 2009]
- Fuck Marching - November 8th, 2009 [November 8th, 2009]
- Monopoly Money - November 8th, 2009 [November 8th, 2009]
- Mexican Gang War: Both Sides are Cops - November 8th, 2009 [November 8th, 2009]
- The Fruits of Democracy - November 8th, 2009 [November 8th, 2009]
- MSM Pwned by Amateurs - November 8th, 2009 [November 8th, 2009]
- War on Drugs: Collateral Damage - November 8th, 2009 [November 8th, 2009]
- Goldman Sachs: Ruler of the Universe - November 8th, 2009 [November 8th, 2009]
- Sam Dodson Talks to MotorHome Diaries - November 8th, 2009 [November 8th, 2009]
- When God and Government Mix - November 8th, 2009 [November 8th, 2009]
- Mike Gogulski PWNS Social Security - November 8th, 2009 [November 8th, 2009]
- Stefan Molyneux Interviews Jan Helfeld - November 8th, 2009 [November 8th, 2009]
- Commander in Chief: Council on Foreign Relations - November 8th, 2009 [November 8th, 2009]
- Canadian Healthcare Extravaganza - November 8th, 2009 [November 8th, 2009]
- My Reply to an Essay on China, the US, and Yu Wan Mei - November 8th, 2009 [November 8th, 2009]
- Iraq War: A Biblical Event - November 8th, 2009 [November 8th, 2009]
- Crazy Facts from GovernmentLand - November 8th, 2009 [November 8th, 2009]
- Remember 9-11 - November 8th, 2009 [November 8th, 2009]
- Then Again... - November 8th, 2009 [November 8th, 2009]
- Hillary Clinton Devestates Pakistan - November 8th, 2009 [November 8th, 2009]
- Jan Helfeld and Elliot Engel - November 8th, 2009 [November 8th, 2009]
- Report on attacks against Michael Jude Gogulski 5 September 2009 - November 8th, 2009 [November 8th, 2009]
- They Are Selling You - November 8th, 2009 [November 8th, 2009]
- Happy Guy Fawkes Day - November 8th, 2009 [November 8th, 2009]
- Emergency Aid to Seniors? No Way - November 8th, 2009 [November 8th, 2009]
- The Public Option is the Decoy - November 8th, 2009 [November 8th, 2009]
- Should Insider Trading be Illegal? - November 8th, 2009 [November 8th, 2009]
- Reefer Non-Madness - November 8th, 2009 [November 8th, 2009]
- U.S. Legalizes Medical Marijuana - November 8th, 2009 [November 8th, 2009]
- Fiddling While Rome Burns - November 8th, 2009 [November 8th, 2009]
- Massachusetts Should Lower, Not Raise, the Dropout Age - November 8th, 2009 [November 8th, 2009]
- No Limits on Executive Compensation - November 8th, 2009 [November 8th, 2009]
- Execs Quit to Avoid Pay Limits - November 8th, 2009 [November 8th, 2009]
- Krugman on China and the Dollar - November 8th, 2009 [November 8th, 2009]
- Obama's Climate Speech at MIT - November 8th, 2009 [November 8th, 2009]
- The Fed and Policy Uncertainty - November 8th, 2009 [November 8th, 2009]
- Civil Union versus Civil Marriage - November 8th, 2009 [November 8th, 2009]
- Medicare Shuns Seniors - November 8th, 2009 [November 8th, 2009]
- Financial Market Reform - November 8th, 2009 [November 8th, 2009]
- All You Need to Know ... - November 8th, 2009 [November 8th, 2009]
- No Government Health Insurance - November 8th, 2009 [November 8th, 2009]
- Cap and Trade Will not Reduce Emissions - November 8th, 2009 [November 8th, 2009]
- Cartoon Commentary - November 8th, 2009 [November 8th, 2009]
- Did the Stimulus Work? - November 8th, 2009 [November 8th, 2009]
- Letting the Sick Die on the Street - November 8th, 2009 [November 8th, 2009]
- Renewed Hope for Gridlock? - November 8th, 2009 [November 8th, 2009]
- An Opportunity for Libertarians? - November 8th, 2009 [November 8th, 2009]
- Not-so-Temporary Stimulus - November 8th, 2009 [November 8th, 2009]
- Sausages in Financial Reform - December 12th, 2009 [December 12th, 2009]
- Dumb Cops, Dumb Laws, Unnecessary Victims - December 13th, 2009 [December 13th, 2009]
- Fighting Terrorism in Berkeley - December 13th, 2009 [December 13th, 2009]
- Obama's Home Teleprompter Malfunctions During Family Dinner - December 13th, 2009 [December 13th, 2009]
- School Lunch FAIL - December 13th, 2009 [December 13th, 2009]
- Insane Mortgage Policy - December 13th, 2009 [December 13th, 2009]
- Comments Welcome - December 13th, 2009 [December 13th, 2009]
- Obamanomics: Growing the Pie or Dividing the Pie? - December 13th, 2009 [December 13th, 2009]
- Right Meets Left on Criminal Justice - December 13th, 2009 [December 13th, 2009]
- Is Nuclear the Answer to Global Warming? - December 13th, 2009 [December 13th, 2009]
- Franksgiving: Another Flawed Stimulus - December 13th, 2009 [December 13th, 2009]
- Dollars for Dishwashers - December 13th, 2009 [December 13th, 2009]
- The Politics of Cap and Trade - December 13th, 2009 [December 13th, 2009]
- A College for Cannabis - December 13th, 2009 [December 13th, 2009]
- George Will, Medical Marijuana, and Legalization - December 13th, 2009 [December 13th, 2009]
- Bernanke on the Fed - December 13th, 2009 [December 13th, 2009]
- A Debate About Mexico's Drug Wars - December 13th, 2009 [December 13th, 2009]
- Doublespeak - December 13th, 2009 [December 13th, 2009]
- Tobacco Prohibition, Bit by Bit - December 13th, 2009 [December 13th, 2009]
- The U.S. in the Middle East: A Prediction - December 13th, 2009 [December 13th, 2009]
- Gay Marriage or Civil Union: Would Less be More? - December 13th, 2009 [December 13th, 2009]
- Whither the Estate Tax - December 13th, 2009 [December 13th, 2009]
- Late-Term Abortions in Nebraska - December 13th, 2009 [December 13th, 2009]
- Why Climate Negotations Are a Waste of Time - December 13th, 2009 [December 13th, 2009]
- "Mild" Gun Control Laws - December 13th, 2009 [December 13th, 2009]
- Did the Iraq Surge Really Work? - December 13th, 2009 [December 13th, 2009]
- Driver's Ed at Age 52 - December 13th, 2009 [December 13th, 2009]
- Ginnie Mae, Ticking Time Bomb - December 13th, 2009 [December 13th, 2009]
- Toddler Terrorism - December 13th, 2009 [December 13th, 2009]
- Policy Insight from David Letterman - December 14th, 2009 [December 14th, 2009]