Sunday, February 26, 2012

Are progressives now out there openly calling for a planned economy?

Normally, progressives will try to hide their claims and goals in dubious sounding fluff code words. "Economic justice" and so forth. But not here. The call has actually been made for a planned economy. I did a little bit of searching, and I think this may be the first sign of it. So if history is our guide, they're going to call more and more for a planned economy in the future. It's what the progressives really want.

A Planned Economy for the 1%

This thing is loaded with fallacies from front to back. First off, if they're "planning for the 1%", then they are necessarily planning for everybody. It's impossible to do the kind of separation that they're implying, this is just a way to sell it better. Second off, right out of the gate, the fallacy is thrown out that 'all economies are planned to some extent', to which they build up as a false either/or; either the government is going to plan it, or the banks plan it. Individuals do most of the planning on their own, when the government is not involved, and the banks don't care enough to do systematic planning, as long as whatever your venture is is making money. It's only when you start not being able to pay your bills, do the banks come sniffing at your doorstep. But with this either/or fallacy as the basis of the whole interview, it follows that the rest is fallacious as well.

For those seeking further background into how dangerous governmental planning is, see "The Road to Serfdom", by Friedrich Hayek, pages 1-283.

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