Category: free trade & free markets

Categories
free trade & free markets

We Need iPads

Every once in a while somebody explains that “we” don’t need this or that product, however great it may be and however great the demand for it. For example, a tech reviewer dubs Apple’s latest iPad models “largely unnecessary,” given last-year models almost as capable.

The charge of unnecessariness is surely false when we’re talking about customers who do want the most cutting-edge technology and can put it to good use. But it’s false in a broader perspective too — unless we suppose that all advances in human civilization beyond the level of the hut and the bearskin are “largely unnecessary” to human survival and well-being.

If technological progress is necessary, so are key aspects of how that progress happens, including the fact that it so often happens by “largely unnecessary” increments. Any given marginal advance in computer or PC tech may have been dispensable. But the same can’t be said of the process of cumulative improvement as a whole. Consider, for example, that some ninety percent of what we now do on our PCs would have been impossible to do with the 1980 PC. Our 2014 laptops could not have been crafted without myriad intermediate advances.

As striving human beings, our needs evolve as our means improve and enable us to pursue ends that we could not have pursued with less powerful means. Ergo, I welcome every little improvement we can get. And I can hardly wait for my 2025 iPad.

This is Common Sense. I’m Paul Jacob.

Categories
crime and punishment free trade & free markets media and media people

This Ain’t Laissez-Faire

Things are what they are, not their opposite. Can we accept that as a starting point?

Not if we’re scoring ideological points regardless of the cost to clarity.

Newsweek calls drug-war violence in Long Island “a harrowing example of free-market, laissez-faire capitalism.” To this, Cato Institute’s David Boaz objects that “the competition between the local Crips and Bloods [is described] in terms not usually seen in articles about, say, Apple and Microsoft or Ford and Toyota.”

Under a truly free market, the rights of buyers and sellers to peaceably trade are legally protected from theft and violence, and their contracts defended from fraud. Black markets, on the other hand, are made up of illegal exchanges, actively prohibited trade.

Sure, black-market trade has something in common with legal trade. As with legal exchanges, persons willingly participate in black-market trades and expect to benefit.

But economic activity that can easily get you jailed is fundamentally different in just this respect from that conducted in a relatively laissez-faire context.

The difference has consequences.

You can’t go to court if you have a grievance with a black-market trading partner or competitor. And persons less scrupulous, more violent, more criminal than the norm tend to be disproportionately represented among sellers of illegal goods that have especially big markups precisely because they’re illegal.

So Boaz is right.

The legal capitalism at K-Mart, J. C. Penny, or a post-Prohibition-Era liquor store isn’t fertile ground for the gang warfare invited by the War on Drugs. We can’t tell the difference, though, if we ignore the difference.

This is Common Sense. I’m Paul Jacob.

Categories
Accountability free trade & free markets government transparency

The Dark Guardian of Opacity

Sen. Harry Reid has his reasons that reason does not know.

Well, Nick Gillespie of ReasonTV (and .com) doesn’t know them. But he has his suspicions.

While the House has passed the Federal Reserve Financial Transparency Act, aiming to audit the Fed, Senate Majority Leader Reid balks at bringing the proposal up to a vote in Congress’s upper chamber. (Gillespie says it won’t happen, not while Reid has his say.)

In the House, both parties supported the audit — a majority of Democrats, and all Republicans save one lone holdout giving a Nay vote. But Reid, whose commitment to corporatism and opacity is well known, presumably fears the upwelling of good old republican values in the Old Man’s Club that is the U.S. Senate — Reid’s romper room for so many decades.

Egads, he must be thinking, even Senators Elizabeth Warren and Rand Paul agree on the need for some sunlight into the dark corridors of America’s bank cartel.

And they don’t agree about much of anything!

Gillespie spells out the whys of transparency. He also explains the basic context: “The central bank is explicitly tasked with the fundamentally incompatible duties of conducting stable monetary policy, promoting full employment, acting as a lender of last resort, and regulating the banks it works with. Good luck with all that.”

Who needs luck when you have power? Some do benefit from the current Old Boys’ system. They’re just not the general citizenry. Or republican governance.

A free society would have a very different banking and monetary system. Adding transparency might begin the process toward such a system.

Next step? Boot Harry Reid out of his cushy position of power.

This is Common Sense. I’m Paul Jacob.

Categories
crime and punishment free trade & free markets too much government

Giddy, Nope

The National Labor Relations Board has ordered CNN to rehire 100 workers and pay off 200 others.

NLRB rebukes CNN for “failure to bargain” with a union. The dispute apparently involves no breach of contract with employees — only a breach with a union’s demand that CNN deal with it.

Blogger Daily Pundit is giddy: “I can’t imagine a happier outcome than seeing CNN, the hack propaganda mouthpiece for the ‘respectable’ American left, being forced into bankruptcy” by a “rogue bureaucracy.”

But wait. Would the tyrannical destruction of CNN be — ideological schadenfreude aside — a happy outcome?

No.

However poetic the justice, or injustice, being inflicted on its owners and officers, their right to make economic decisions — the right to control our own lives and property — does not hinge on the content of their notions. The only way we can all have rights, share the same standing  in the world, is to ground our rights in our shared humanity … and not anything more specific, narrow, or particular. Only those who forcibly violate the rights of others properly forfeit some of the protections to which peaceful persons are normally entitled.

Even if Pundit’s point is only to relish CNN’s comeuppance, not to root for governmental harassment of lefty prattlers, it’s misguided. Each new assault on our freedom — to hire, to fire, to speak, to write — serves as precedent for comparable and worse assaults. If we hope to defend our own freedom, we should defend that of all peaceful individuals. And prefer that they be left alone.

We must defend even those with some pretty noxious ideas.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets general freedom ideological culture

The Uber Rebellion

Customers in Germany and elsewhere have flouted irrational attacks on the popular ride-sharing service Uber.

As I have explained before, Uber’s software lets passengers and drivers connect in a way that bypasses regularly regulated taxicabs. Cabbies don’t necessarily oppose the innovation. Many see Uber’s app as a nifty way to get customers. And, of course, many riders see it as a nifty way to get rides.

But taxi dispatchers? Well, that’s another story.

At least it is in Germany, where an organization for dispatchers called Taxi Deutschland has kvetched that the San Francisco company lacks the Necessary Permits to do electronic dispatching in Deutschland. Thanks to TD’s loud complaints, a German court issued a temporary injunction against Uber, prohibiting it from conjoining ride-seekers and ride-givers in happy synchrony.

Uber decided to keep operating in the country anyway, despite the threat of huge fines.

They’ve gotten lots of moral support. In response to the injunction, customers quietly but firmly told regulators “Laissez nous faire!” — a.k.a. “You’re not the boss of me!” — by doubling, tripling and even quintupling demand for Uber’s app. Matthew Feeney of Cato Institute points to jumps in signups in the days following the court’s order: in Frankfurt a 228 percent jump, Munich 329 percent, Hamburg 590 percent.

Last July, in the U.K., Brits surged their signups eight times over after protests against the company.

Keep up the good work, rebels.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets national politics & policies

Buy Whoppers to Oppose Whoppers

U.S. Senator Sherrod Brown has proposed a boycott of Burger King. Try Wendy’s or White Castle instead, he urges.

Why? Are the Burger King burgers moldy now?

No, they’re still delectable. In fact, I’m stepping up my patronage of Burger King thanks to Brown’s attack. All who seek to productively improve their lives should follow suit.

For that’s the actual crime here. Honest self-improvement. Contrary to Brown, though, it deserves no chastisement.

Burger King has been caught pursuing an opportunity to improve its offerings and bottom line. It is buying Tim Hortons, a Canadian coffee-and-donut chain. It will also be moving its headquarters to Canada.

Why?

Because our federal government taxes corporate earnings more heavily than many other countries do, the Burger King move north means a smaller tax bite. More money for the shareholders.

And, thus, less money for Uncle Sam.

Fine with me. I don’t begrudge an honestly earned dollar. And our government’s wastrel ways  won’t be cured by ever-higher taxes on us. But if politicians fear the exodus of U.S. firms for tax reasons, why not eliminate that motive by reducing corporate taxes?

Brown gestures in the direction of lower taxes but also demands a “global minimum tax rate” to thwart absconders. Nah. Chuck the stick. Just use the carrot. Slash what U.S.-based firms must pay and American firms will stay.

Slash them enough and maybe successful foreign firms will move HQs here, too.

Entice the economic titans who benefit us so much; don’t chase them away. Instead of badgering with boycotts, inspire with freedom.

This is Common Sense. I’m Paul Jacob.