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Politics and Activism

The Free Market

A short glimpse into free market capitalism.

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The Free Market

Have you ever wondered, "What would happen to the economy if the government got its big nose out of everyone's business and let the market function totally freely and on its own?" Lord knows I have. Some people think the economy couldn't function without government interference, others hold that government interaction stimulates the economy, and many others believe that the economy is best left on its own. I would be in the last group, and below I'll explain why.

The government has no right to interfere with your privately-owned business. That's right, the government does not have the right (it does it anyway, but that's what we call a crime). If it or anyone else claims that it does have such a right, then that's only because the government decided to give itself that right, and it doesn't have the right to give itself rights. The government is not supposed to mess with privately-owned businesses or private property. It certainly does, and often, but it shouldn't.

Perhaps the best way to demonstrate this is by example. In the last few years, there has been a fair amount of controversy on whether or not a Christian-run bakery should be forced to make a cake for a gay wedding. Let's make up such a bakery, "Jesus Cakes." So Jesus Cakes doesn't want to sell a cake to a gay couple, and they have the right to refuse business to whoever they want to, so they don't have to serve the couple. Then that couple will take their business somewhere else and their money will go to another business and not Jesus Cakes. Now a couple that is friends with the aforementioned gay couple wants to get a cake for their wedding, but their friends tell them about how they were denied service because they were gay, so their friends also take their business elsewhere. A chain carries on so that Jesus Cakes gets labeled as a bad bakery, and it carries on to such an extent that Jesus Cakes goes bankrupt. Ta-da, the invisible hand strikes again. There was no government involvement here, and yet the refusal of service to a certain group based on the business owner's religious beliefs was enough to close the business down.

Now of course, in the previous example, it isn't exactly the moral thing to do to refuse service to a gay couple, but why would a gay couple be very surprised if a Christian bakery refused service to them anyway?

In short, if the government minded its own business things would still get done, and more efficiently.

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This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
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