Did the government create the pencil or did the private market do it’s magic to make it happen?

Did the government create the pencil or did the private market do it’s magic to make it happen?

Regarding Obama’s “you-didn’t-build-that” comment back in July, I explained why that attack on entrepreneurs and small business owners was misguided.

And I also shared some humorous cartoons on the topic.

But it is true that no entrepreneur produces a product without help from many others. But what the President apparently doesn’t understand is that almost all of the real help comes from voluntary and decentralized exchange in the private market.

This CEI video is a good introduction to this spontaneous process

I, Pencil: The Movie

Published on Nov 14, 2012 by

A film from the Competitive Enterprise Institute, adapted from the 1958 essay by Leonard E. Read

__________

And if you want to look at the topic from a different perspective, this video helps to explain how we often get much more than we pay for in a competitive market economy.

There’s also a moral argument presented in this video from the American Enterprise Institute.

Needless to say, Walter Williams is always worth reading to understand the difference between markets and statism. And here’s some good real-world evidence about the benefits of better policy.

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: