Free Market Defense
Posted by Jerry on January 17, 2008
I like this opinion piece appearing in the New York Times; it indicates that free market ideas are not only getting visibility in high-profile media outlets but also that they are openly and boldly being defended. For example, in this article, it is noteworthy that the author Steven Landsburg couches the economic prudence and defense of free trade in strongly moral terms. Even though I believe he does not go deep enough to the root of the moral issues involved, I’m happily satisfied with his piece as it is.
Here’s an excerpt:
If the world owes you compensation for enduring the downside of trade, what do you owe the world for enjoying the upside?
What do we owe those fellow citizens?
One way to think about that is to ask what your moral instincts tell you in analogous situations. Suppose, after years of buying shampoo at your local pharmacy, you discover you can order the same shampoo for less money on the Web. Do you have an obligation to compensate your pharmacist? If you move to a cheaper apartment, should you compensate your landlord? When you eat at McDonald’s, should you compensate the owners of the diner next door? Public policy should not be designed to advance moral instincts that we all reject every day of our lives.