Sunday, November 18, 2012
The Invisible Hand Casts Ballots
Probably the biggest thing that puzzles me about the Romney "gifts" thing is not the rank hypocrisy that everybody else has noticed, but the fact that it seems to ignore the very thing they worship about the free market. I mean, isn't the Invisible Hand their totem?
[B]y directing [individual] industry in such a manner as its produce may be of the greatest value, he intends only his own gain; and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest, he frequently promotes that of the society more effectually than when he really intends to promote it.
So shouldn't we celebrate when people vote their own self-interest (whatever that may be), at least according to their economic worldview?
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