11 March 2010

The fascist two-step

Some bureaucrats may have good intentions but underestimate the complexity of the problem they are tackling.

If they fail to get results, they may tighten controls, in an attempt to "help" that ends up harming people.

This two-step explains how good intentions (Soviet collectivization, Cuban battles to best the Yanquis, Venezuela's creeping nationalization of the entire economy, and so on) turn into bad results, making do-gooder patriots into fascists.

Bottom Line: Be humble as a regulator and regulate simply -- or don't bother.

1 comment:

  1. I am currently reading "The Science of Liberty" by Timothy Ferris.

    It is awesome. He discusses this exact problem.

    ReplyDelete

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