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Critique of Interventionism

JULY 29, 2009

These essays by Ludwig Von Mises explain the problems that arise when the state vies for more and more control over the economy. Mises goes on to explain the deleterious effects of state intervention by discussing its impact on wages, prices, unemployment, and inflation. In his view, this policy is an inherently unstable one because it creates new dislocations that would seem to cry out for further interventions, which, in turn, do not solve the problem. The end of interventionism is socialism, a fate which can be logically avoided only by a sharp turn towards free markets.

 

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For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited our social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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