- Downloads:
- Do We Want Free Enterprise_2.pdf
The very idea of “educating the masses” is inconsistent with the ideals of freedom and individualism to which we give lip service. Who are “the masses”? Can the term be more appropriately applied to others than to ourselves? We are all individuals differing in qualities and abilities. We all share a basic human nature capable of self-development. If this be not true then the ideal of freedom is a fanciful myth.
But this ideal is not fanciful, nor is its economic phase, free competitive enterprise. These are attainable. They are attainable if we quit regarding those we would convert as masses or classes. They are attainable if we recognize the individual as the fountainhead of good, of energy, of all that is creative. They are attainable if we acknowledge where attainment must begin: with ourselves.
No content found
Vernon Orval Watts was one of the leading free-market economists of the World War II and postwar eras. Watts was hired by Leonard Read in 1939 to be the economist for the Los Angeles Chamber of Commerce, of which Leonard was executive director. Watts thereby became the first full-time economist to be employed by a chamber of commerce in the United States. Read later made Watts the leading economist at the Foundation for Economic Education (FEE). See Murray Rothbard’s memorial in Making Economic Sense.
In order to answer these questions, we must realize that government is an agency for coercion, and we should understand how man reacts to coercion or in the absence of coercion.
In general, moreover, Keynesian proposals for "compensatory" policies follow Marxian socialism in seeking to force individuals to obey the rule, "From everyone according to his abilities, to everyone according to his needs." Arguments and theories used to support these proposals are essentially Marxian.
Los Angeles Chamber of Commerce, 1944
