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To: RussP
The economy is not intelligently designed. That is the question before us. Use your integrity, dude!
76 posted on 01/05/2006 5:43:04 PM PST by VadeRetro (Liberalism is a cancer on society. Creationism is a cancer on conservatism.)
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To: VadeRetro
re: free markets vs. designed economies, let's see what Milton Friedman had to say:

In his graphic style, Milton Freidman illustrated that principle on his television program, Free to Choose, with "The Pencil Story." Friedman held a common yellow #2 pencil in his hand and said:

"Nobody knows how to make a pencil. There's not a single person in the world who actually knows how to make a pencil.

"In order to make a pencil, you have to get wood for the barrel. In order to get wood, you have to have logging. You have to have somebody who can manufacture saws. No single person knows how to do all that.

"What's called lead isn't lead. It's graphite. It comes from some mines in South America. In order to make pencils, you'd have to be able to get the lead.

"The rubber at the tip isn't really rubber, but it used to be. It comes from Malaysia, although the rubber tree is not native to Malaysia. It was imported into Malaysia by some English botanists.

"So, in order to make a pencil, you would have to be able to do all of these things. There are probably thousands of people who have cooperated together to make this pencil. Somehow or other, the people in South America who dug out the graphite cooperated with the people in Malaysia who tapped the rubber trees, cooperated with, maybe, people in Oregon who cut down the trees.

"These thousands of people don't know one another. They speak different languages. They come from different religions. They might hate one another if they met. What is it that enabled them to cooperate together?

"The answer is the existence of a market.

"The simple answer is the people in South America were led to dig out the graphite because somebody was willing to pay them. They didn't have to know who was paying them; they didn't have to know what it was going to be used for. All they had to know was somebody was going to pay them.

"What brought all these people together was an enormously complex structure of prices - the price of graphite, the price of lumber, the price of rubber, the wages paid to the laborer, and so on. It's a marvelous example of how you can get a complex structure of cooperation and coordination which no individual planned.

"There was nobody who sat in a central office and sent an order out to Malaysia: 'Produce more rubber.' It was the market that coordinated all of this without anybody having to know all of the people involved."

That pretty well says it all.

77 posted on 01/05/2006 5:57:16 PM PST by longshadow (FReeper #405, entering his ninth year of ignoring nitwits, nutcases, and recycled newbies)
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To: VadeRetro
I meant to highlight this part:

"What brought all these people together was an enormously complex structure of prices - the price of graphite, the price of lumber, the price of rubber, the wages paid to the laborer, and so on. It's a marvelous example of how you can get a complex structure of cooperation and coordination which no individual planned."

78 posted on 01/05/2006 6:03:01 PM PST by longshadow (FReeper #405, entering his ninth year of ignoring nitwits, nutcases, and recycled newbies)
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To: VadeRetro

"The economy is not intelligently designed. That is the question before us. Use your integrity, dude!"

Let's try one more time. The very freedom that is a prerequisite of a free economy is "intelligently" designed. Adam Smith was no moron! And the very guarantee of voluntary exchange and freedom from coercion is backed by the *government*. In fact, that is one of the primary legitimate functions of government.

And do you suppose that computers are needed for today's global economy? Do you think those computers evolved with no intelligent design? Use your brain, man! Oh, wait ...


84 posted on 01/05/2006 7:07:46 PM PST by RussP
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