| Editorial
Freedom
Will Find a Way
By Robert Maynard
One of my favorite movies
is the original Jurassic Park. The film is about a tightly controlled attempt
to create a theme park that would display dinosaurs rejuvenated from DNA
obtained through fossils. The process was to be so tightly controlled that
the dinosaurs could not breed, and thus overrun the place. One of the scientists,
who was a main character in the movie, expressed skepticism about the possibility
that life can be controlled. One of his more famous quotes in the film
is that "Life Will Find a Way".
I thought of this quote when
I read the National Review column by Larry Kudlow entitled "Are Republicans
the Economic Pessimists?". (See the "Elsewhere" section.) As I read this
column, the notion that freedom also will find a way came to mind. Larry
Kudlow is a free market economist who, like George Gilder, sees an economic
recovery on the horizon IN SPITE OF the harmful policies being followed
by the political leadership in Washington D.C. In the article, he points
to numerous signs of economic recovery and agrees with Senator Demit that
"the economy is getting better mainly because of the corrective forces
of free-market capitalism in the private free-enterprise sector, and not
from all this government spending and borrowing". If they are right, and
we do have an economic turn around despite ill advised economic policies,
it is because "Freedom Will Find a Way".
There are other free market
economists, largely from the Austrian School of economics, who doubt that
the signs of recovery are real and see all of the spending and borrowing
as leading to economic disaster. This view sees whatever current signs
of recovery that may be on the horizon as an artificial bubble to be followed
by inflation induced economic collapse. The problem as they see it is that
government spending and borrowing is sucking funds from the private sector,
where it is more likely to be invested in productive ventures, and diverted
through political cronyism to non-productive activities that might create
a short lived bubble at best. Comparisons are often made to the Weimar
Republic in Germany.
It remains to be seen which
of these to outlooks on our economic future will turn out to be right.
Free market optimists like Larry Kudlow and George Gilder are not the first
to insist that prosperity and individual initiative often finds a way to
triumph even in the face of folly and numerous obstacles placed in the
way. This week in our quotable section, we have included a relevant quote
from Adam Smith’s "Inquiry Into the Wealth of Nations":
"The natural effort
of every individual to better his own condition, when suffered to exert
itself with freedom and security is so powerful a principle that it is
alone, and without any assistance, not only capable of carrying on the
society to wealth and prosperity, but of surmounting a hundred impertinent
obstructions with which the folly of human laws too often incumbers its
operations; though the effect of these obstructions is always more or less
either to encroach upon its freedom, or to diminish its security."
In time, the effect of foolish,
anti-freedom policies may very well cause the sun to set on the American
experiment in ordered liberty, but the collapse of an economy as large
and vibrant as our does not happen over night. Here is where the comparisons
to the Weimar Republic in Germany are misplaced. The American economy is
MUCH larger and more resilient than that of Weimar Germany. Add to that
the fact that our economy is tied to the global economy and it seems like
it would be awfully hard to sink it. We must remember that it took Rome
centuries to finally collapse even after people like Cicero saw the signs
of its pending demise.
I think that Kudlow is right
and that conservatives should not simply count on a bad economy to turn
people against the left. We need to put forward an affirmative vision that
will prevail in times of economic downturn as well as times of prosperity.
Robert Maynard is the
Editor of the True North website
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