Wednesday, October 15, 2008

Redefining The Invisible Hand; Revisiting the Meaning of "Free"

Here's a story which sheds new light on, if not redefines and updates, Free Enterprise as the manifestation of Adam Smith's Invisible Hand. Free Enterprise, as a label for a kind of economic system, is an oxymoron by definition.

It's clearly not free. People pay serious money to procure what they want.

Influential politicians who, in league with Pentagon friends, are able to grease the skids to help launch multi-million, if not multi-billion dollar projects, sometimes, as is the case exposed in this article, siphoning off funds which were originally intended for other projects.

Perhaps the writer of this piece has his own political agenda, but the most recognizable people he singles out by name are Republican politicians; e.g. Trent Lott and John Stevens.
So long as politicians need huge amounts of money to finance their election campaigns they will be vulnerable to those are willing to buy their influence.

The so-called Invisible Hand has actually been exposed for what it has always been; a theoretical, Utopian pipe dream which ignores the Darwinian type evidence of Socio-Political Survival of the Fittest. The only invisible hands are those reaching under the table, not above board.

The irony here is that those who refuse to accept the science of Darwinian Evolution as the system for conducting life on Earth are often the very same people who believe in and endorse Survival of the Fittest as the system for conducting business on Earth.

Freedom of Enterprise might be a more accurate label for a kind of economic system.

Leanderthal, Lighthouse Keeper

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