20 Apr 2012

How to be happier, safer and richer

Legalization is SO cute!
On 4/20, Art Carden tells you why we need to end the war on drugs. I am in complete agreement. It's done NOTHING to "save" people from drugs, and everything to feed corruption and violence in Mexico, Afghanistan, Colombia, Central America, the US, et al.

Legalization/tolerance works fine in the Netherlands. It would work better if growing -- not just sale/possession -- was legal.

Friday is time to party, and lots of people will be using drugs, no matter the laws.

Bottom Line: The government cannot control the drug market, the same way they cannot control the alcohol market, car market, sex market, apple market or land market. It can regulate, it can interfere, but it cannot STOP people from making voluntary trades. Legalize, regulate and get back to REAL government problems.*
* This week's Economist:
Consumers will have little difficulty adapting to the new age of better products, swiftly delivered. Governments, however, may find it harder. Their instinct is to protect industries and companies that already exist, not the upstarts that would destroy them. They shower old factories with subsidies and bully bosses who want to move production abroad. They spend billions backing the new technologies which they, in their wisdom, think will prevail. And they cling to a romantic belief that manufacturing is superior to services, let alone finance.

None of this makes sense. The lines between manufacturing and services are blurring. Rolls-Royce no longer sells jet engines; it sells the hours that each engine is actually thrusting an aeroplane through the sky. Governments have always been lousy at picking winners, and they are likely to become more so, as legions of entrepreneurs and tinkerers swap designs online, turn them into products at home and market them globally from a garage. As the revolution rages, governments should stick to the basics: better schools for a skilled workforce, clear rules and a level playing field for enterprises of all kinds. Leave the rest to the revolutionaries.