Brian Gongol Show on WHO Radio - July 26, 2015
Please note: These show notes may be in various stages of completion -- ranging from brainstormed notes through to well-polished monologues. Please excuse anything that may seem rough around the edges, as it may only be a first draft of a thought and not be fully representative of what was said on the air.
Book review: "The ITT Wars"
The ITT Wars, by Rand Araskog
The problem with not knowing what you're missing
- Socialism and the difference between the injustices of a cold system of free enterprise and the even greater injustices of wasted potential.
- The feedback mechanism of pricing and competition keeps the foot to the accelerator within a market system.
- That means people experience more direct stress under free enterprise -- there's more likelihood of failure and there's more pressure on the job to get the work done. Someone is always coming after you.
- There is less obvious stress under socialism (or really any kind of heavy government intrusion in the economy), but also profoundly less progress. The gap between potential and actual is a real aggregation of suffering.
Tin Foil Hat Award
Yay Capitalism Prize
Quote of the Week
"The way to get personal involvement and participation is not for people to take part in more and more government decisions but to make the government reduce the area of decision over which it presides." - Margaret Thatcher