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Editorial
Vermont’s
Five-Year Plan for Governing the Free Enterprise Economy
By Martin Harris
There
are such compelling examples, both historical and recent, of politicians
–no, make that "statesmen" –no, make that "statespersons"—of superior intellect
and judgment successfully designing and operating a centrally-commanded
economy that these irrefutable precedents should give pause to those of
us inferior beings who would, in company with that simpleton Adam Smith,
argue that it’s the invisible hand in economics, the combined judgment
of untold numbers of producers and consumers, which is the best basis for
an ever-more productive and efficient economy.
Consider, for example, the
late 18th century English House of Lords, which designed and
implemented a brilliantly conceived sequence of relatively minor revenue-enhancement
profit centers, on luxuries from paper to tea, with a few no-local-manufacturing
requirements thrown in, so as to encourage their North American subjects
to help pay for their own security. King George III himself may have been
a few coronets short of a full crown, as subsequent early 19th
century history would reveal, but certainly the Parliament was entitled
to full credit for the enlightened economic-planning initiatives which
started in Boston and ended in Yorktown.
More recently, consider the
remarkable economic track record of those multiple Soviet Five Year Plans,
drafted by a Duma whose members were all obviously above-average in intellect
and economic understanding, designing, operating, and constantly refining
centralized management of everything from public enterprise –from tanks
to toilet paper—to private enterprise: how best to guide the Personal Subsidiary
Farming sector, the little (and technically illegal, but what the heck)
private garden plots which produced and still produce the great majority
of the foods found in Russian supermarkets and street sales. When it comes
to government showing how it can plan and manage free enterprise, all those
Five Year Plans remain an example for the ages.
And most recently, consider
the brilliant economic leadership of Zimbabwe president Robert Mugabe,
skillfully guiding his new African nation from a colonial past with a substantial
agricultural surplus problem festering into a creating a continuous major
export responsibility, to a new situation of tiny farms, many rapidly regaining
pristine-wilderness status, and a far more efficient food situation wherein
the country simply imports whatever it needs to feed its citizens. Admittedly,
all the nations of Africa have enlightened legislative and/or executive
leadership which has skillfully planned and managed local free enterprise
in recent decades, and not a one of them has simply allowed the private
sector (and that ridiculous "invisible hand" notion) to function without
continuing close adult, governmental supervision, and you can see the results
for yourself; but Zimbabwe has to be in the forefront by any measure.
Against that track record
of the best and brightest (just ask them) in government across the centuries
and across the globe, dexterously planning and managing free enterprise
when- and wherever it erupts, comes the long-awaited news that even little
Montpelier, capital of the nation’s second-smallest state, will now take
on the same intellectual challenge. Here’s the language, contained in their
Five Year Plan (Freudian slip?) for a new Commission on Economic Development
which will, among other things "cooperatively plan the free enterprise
economy of Vermont". How blessed the Green Mountain State is, to have such
brilliantly superior, highly motivated, intellectually innovative folks
under the Golden Dome. None of us minor members of the Fourth Estate could
ever make this stuff up
Martin Harris is a former
Chairman of Citizens for Property Rights
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