By all historical accounts the fully free society has never been tried, so arguing about it will always be to a large extent theoretical. But than nearly all of contemporary astrophysics is theoretical, as it much of psychology and other social sciences in which controlled experiments are not possible or permissible. Based, however, on much thinking and research, some of it historical enough, there is no reasonable doubt about the benefit of human liberty in all realms of human endeavor. Unfortunately the sole trial has been conducted in the realm covered by the First Amendment to the U. S. Constitution, effecting religion and the arts and humanities (including journalism). And few other than out and out Fascists and theocrats deny that in these areas freedom has been all to the good! It may, therefore, be reasonably inferred that liberty would mostly likely serve us well in all areas of human concern, including the financial markets and even emergency services, two in which recent upheavals haven’t been dealt with swimmingly by the welfare state. That’s despite the fact that welfare state measures--namely vast government interference in various professions and ordinary human activities--are most often defended on the grounds that they are needed to prevent or cope with disasters, financial or natural! (Read more...)
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