Chapter Sixteen: Conclusion

This last chapter reiterates that in the aftermath of World War Two we will have a chance to create a new order. Those who are calling for a new order consisting of even more intense central planning need to be aware that they are calling for more of what got us into this trouble in the first place.

We should take a step back, and try once more to embrace the liberal values of the late eighteenth century, the ones that served England so well in the nineteenth century.


My overall impression of this book has been that it's been an exciting read. I've enjoyed it because it did such a good job of helping me think out why rule of law and free markets are such good ideas.

My impression now is that I think free markets are wonderful for rapid advancement, particularly when and where there are a lot of new technological and economic opportunities being presented to the community. But free markets are scary to many people because they do change so rapidly and in such unpredictable ways. This makes them deeply scary to many people and that's where collectivist and central planning ideas gain their attractiveness to many community members.

When central planning is king, the society moves in an orderly, predictable fashion. It's not scary, but it often evolves into something quite grim. Fair and fun and exciting often seem to be at odds in the economic sphere as central planning gets entrenched.

This grimness and lack of being able to create economic excitement seems to be why many people have voted with their feet to move away from "workers paradises" where central planning and collectivism are strong. In the second half of the 20th century such places have included the Soviet Block, Cuba and the Steel Belt in the American Midwest.


-- The End --