There is no more timely nor acute example of this growing trend than what is currently going on in France.
Should this trend continue – and for reasons I will touch on momentarily, I firmly believe it will – then the aspirations of the productive minority will soon be dampened by ever higher taxes and other attempts to “level the playing field” and the global economy, already in tatters, will fall off the edge. You can see this ignorance in the popular demand for even more, not less, meddling in the affairs of humankind.
In the current circumstances, it appears that enough time has passed that current generations have completely forgotten the critical connection between the ability of humans to freely pursue their aspirations and economic progress. It is said that history doesn’t repeat itself, but it often rhymes. In this way mistakes are quickly resolved and progress assured.Ĭonversely, the deeper the muck of regulation, mandates, taxes, subsidies and other bureaucratic meddling, the slower we humans are in following our natural instincts until the point that progress is slowed or even stopped. If history has taught one certain lesson, it is that the less fettered an economy, the better humankind is able to do what it does best: run from trouble and run toward opportunity.
