Feb
24
What We Can Learn from Spaghetti Sauce
ByThis video doesn’t really have anything to do with Christian libertarian stuff, but it is an interesting comment on how individual freedom works for the betterment of mankind even in simple things – like spaghetti sauce. By extension, we can see that command-and-control economies are not merely inefficient at providing the good or service they claim to produce, but they will inevitably be incapable of satisfying people’s desires. Free markets for the win!
The video is 17:30 long, but Malcolm Gladwell (author of Blink, The Tipping Point, and Outliers) is quite engaging and, rest assured, you won’t get bored.
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Tags: economics, freedom, individualism
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A fantastic talk, as many which are found on TED are. I’m not sure why people are obsessed with finding one solution to a problem where multiple data maximums are indicated.
It’s the great charge of socialists that capitalism is wasteful because it pursues this very notion (in an independent and haphazard fashion) – that there’s more than one way to do it – whilst simultaneously disavowing this connection to reality. It’s easy for them to, with a little bit of hand waving, totally ignore the fact that price is the indicator which tells us what we’re doing correctly and what we’re not. That metric is absent in socialist idealistic models, but they fully believe the government has a magic capacity to judge these things for all of us which we do not possess.
Ward: You’re right, plenty of stuff on TED is worthwhile, I should probably have introduced TED in a sentence or two before the video… I should edit the post.