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FREEDOM WORKS: Current problems don’t change fundamental truths

savefreemarket The global financial crisis, which was really about the destabilisation of many US banks from their over-zealous lending in housing in particular, will be temporary and the recession it brings won’t last either. It seems we have avoided a Great Depression and must now deal with the inflationary consequences of the policy responses to the GFC. That won’t be easy.

Times are tough, particularly in the US and Britain, where so much of the financial services boom in recent years was centred.

But for all that, it’s helpful to consider the exponentially beneficial effects on the living standards of ordinary people of our system of private enterprise, respect for private property and a state that for the most part keeps out of the way.

Consider the items in the inflation “basket” in Britain used to help measure price increases. They tell quite a story about how technology and freedom is driving up the way we live. The mangles, prunes and dried mashed potato of the past have given way to laptops, free-range eggs and wine. With the exception of Diane Anderson’s vicious cat Toupee, cats are even doing well, transitioning from cans of cat snacks to the more refined pouches.

Money can’t buy you love but the increases delivered by largely free-markets with a safety-net have given the societies they’ve served exponentially improved lives and greater choice. We forget that at our peril.

lifesbetter

2009out

2009in

Discussion

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  1. Free markets generally deliver goods. They do not deliver financial services. That’s because there aint any. Debt is the problem. Our financial services industry likes people to go into debt. That’s the cause of the sub-prime crisis in the United States. That could be the cause of trouble in Australia too as banks get greedier and greedier.
    BA Santamaria recognised this. He was a true statesman and a brilliant man. We need someone of his intellect now. At least we have the DLP in our state upper house in the form of Peter Kavanagh but we don’t have BA Santamaria as the guiding light of freedom.

    Posted by Anonymous | March 24, 2009, 17:13
  2. Bring back the DLP – the party that will show the bastards how to run this state.

    Posted by Anonymous | March 24, 2009, 22:03
  3. Most cats are doing well. There is a free market in cat food. Unfortunately that is not always the case, as Vexnews correctly points out:

    With the exception of Diane Anderson’s vicious cat Toupee, cats are even doing well, transitioning from cans of cat snacks to the more refined pouches.

    That Diane Anderson woman is awful. As a cat person I am angry that anyone can be so cruel as that bitch.

    Why did the ALP ever put up with her?

    Posted by Anonymous | March 24, 2009, 22:06
  4. Honeys…

    Free markets are lovely, civilised things that don’t fail as long as they are prudently regulated – preserving private ownership.

    Oops… have I stated an oxymoron or something like that?

    Oh well, at least regulation doesn’t amount to nationalisation.

    Posted by Natasha The Despoiler | March 25, 2009, 0:10
  5. Anonymous has said it all.
    Bring back the DLP to rin this state

    Posted by goanna | August 18, 2009, 20:33

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