A Complex Economy

Tie Again

The economy is an extremely complex construct. In order for even simple goods or services to be created, people all around the world have to take part. It is one big assembly line that pushes towards the most efficient method. The economy is all around us and is constantly affecting the way we live our lives. Individualism, freedom, and capitalism all are essential to the American economy. While we all may be parts of a bigger economic assembly line, each person is an individual with talents, knowledge, abilities, and freedom. This allows for the specialization of people into a single step in the huge economic plan. The economy is instantaneous collaboration on multiple fronts, and even beginning to understand every step of it is nearly futile. I greatly admire economists for their proficiency in the subject, and for these reasons I tend to stick with reading, writing, and speaking about points rather than developing them myself.

Why does this all matter? I’ve pointed out the immense complexity of something so great, that few people truly understand its patterns, can predict anomalies, and are extremely successful with it. While the global and even national economy are massive, it is a delicate web that can be shattered with the destruction of a single part. That is a huge risk, loss of goods and services equals the massive loss of employment that everyone is afraid of. And because of this, the government believes that there is only one way to make sure it never happens. What is that? Why it’s simple really, you just hand them the reins and give the government authority over every aspect of the economy!

One might ask, what is such a bad thing about the government being in charge of the  economy. Certainly, a small group of professionals is capable of overseeing the economy and making sure that everyone succeeds. That is where I would disagree. Do you need a professional to tell you how to tie your shoes? Do you need them to create standards, regulations, and even a Bureau of Proper Shoe Treatment to make sure that you don’t purposely abuse your shoes or harm the environment while going about your business? I wouldn’t think so. But wait, you might say, “Shoe tying is something entirely different than the complexities that you’ve described! It is often used as an example of something simple and easy, so it cannot be a proper example for something like the complex web of the economy.” That is exactly the point I am trying to make. To each individual, they simply have to tie their laces, do their little part to make the whole thing work. Each individual is intelligent and capable of taking care of their own specialized job without having a “professional” tell them how to do it. The simple task of tying laces is what makes a huge web. It is very complex as a whole, but each piece is simple enough to grasp. If each person ties their own shoes or does their own job, they will not trip. However, if an inefficient agency has to go around checking shoes and making sure that they meet special standards, shoe tying–or business–would take far longer and likely would have more error due to how common it is that regulations negatively affect business.

It is for this reason that I advocate for a smaller government and more free market capitalism. The individual is more capable of handling their own life than somebody in Washington D.C. If you are a competent person who is ready to better yourself and your life, you should have the freedom to do so without being controlled by some unelected, bureaucratic, and quite honestly authoritarian government agency.

Author: James Kurlich

Questions? Ask away at jameskurlich@gmail.com

Picture is labeled “free to use, share or modify, even commercially”. This is not our own picture, and the website does not endorse ours in any way. There was one change made to the picture, and that was to make it smaller. “Wedding” by “PublicDomainPictures” URL:

(https://pixabay.com/en/wedding-shoes-shoe-tying-shoe-man-316643/)

2 thoughts on “A Complex Economy

  1. BAP says:

    You are absolutely correct. A million people making individual economic decisions will beat 400 Washington bureaucrats every time in terms of driving the economy in the right direction. I strongly recommend Milton Friedman’s “Free to Choose” series as an economic primer for all Americans.

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  2. libertyandlogicblog says:

    Thank you for the feedback! Personally, I have not delved into Milton Friedman’s work, but I do know that he was a highly honored and brilliant economist. Perhaps after reading into some of his ideas, I can improve my postings here. – James K.

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