“Free markets incorporate more, not less, order and foresight than coercively directed or commanded societies. The spontaneous order of markets is far more abstract, complex, and farsighted than all the five-year plans or economic interventions ever devised.”
The free market allows for us as the consumer to pull the plug on a company like for example Apple because let's say Apple does something scandalous tomorrow, everyone can pull out of Apple and it would die very quickly. That's the power of the free market as the power of choosing to vote or not vote, for this company with your wallet and giving towards their products or their services. And this thinking allows us to have the best of the best companies. The ones that are not worthy are being left at the bottom to make less profit or they're dying off, but then the people who are experiencing the best companies are happy and satisfied because they're getting the best bang for their buck.
The more that we regulate the free market, the more likely it is that we're going to get low-quality products and services because if the government gains control of it we will have government selected companies that the government will control and fund. Instead, we can use "Institutions which emerge when people are free to exchange, help to guide resources to their most highly valued uses, without vesting coercive power in a bureaucracy." People really desire order and community around the same ideas products and industries. This thirst to gather around the commonality has always existed and always happens in the matter of what society or timeline you look at throughout history. There is no need for the business of the government to come in and control which companies should thrive.
I will end this chapter with an analogy. If you were a server at a restaurant and you work your butt off and you earn $300 in tips, would you rather walk out that night with $300 that you earned or would you rather put your money into a general tip pool and then have it evenly divided up where each person walks out with $100 a pop? Is that really fair to you, does that make you want to go work your butt off and make $300 bucks or does that make you want to go and make $50 a night and still get paid $100? Nobody in their right mind wants to put in the energy for $300 and then get $200 of that $300 stolen from them. But socialism is trying to tell you that oh we can't have a person making only 25 bucks a night so you need to lose 2/3 of your income in order to make it to where we all make the same amount of money by the end of the day. But that takes away all incentive to make any money that takes away the desire to be an amazing server or whatever job you might be doing because of their insufficient compensation for what you do.
Tim Bankes II
Tim is a Christian author. His worldview that informs his writing is Calvinist, Baptist, and Libertarian. His main series is his Christian picture book series, "About God for Kids", where he discusses the attributes of God in a way kids can digest. He also wrote a Christian Romance novel, libertarian book for beginners, and Christian coloring books. He graduated with a Bachelor's in Biblical Studies from Southwestern Baptist Theological Seminary.
He has written a book on freedom called “Are You Free” (If you are into listening to books I have it in audio also, Are You Free Audiobook )and he has written multiple children’s books about God. Be Sure to check out the podcast version of the blog, Labor for Truth Podcast. And check out “The Truth About” Youtube Channel. You can find his works at his amazon author page, https://amazon.com/author/timbankes. He even has a free digital ebook on how God is the creator. Get your free copy today at, Greater Creator .Also If you are into Christian Fiction, he has made his first book in his Futuristic Christian Fiction series free, Her Dying Wish
Some of my other favorite books on these subjects that are great for beginners to the liberty movement are: