<<Free the economy and you free man by giving him an equal chance to become unequal; the invisible hand is the only fair and impartial judge, jury and executioner.>>
The "Invisible-Hand" concept continues to be an excellent analogy that aptly defines the role of business... along with subsequent benefits to mankind.
While granted the existing capitalist system has its weaknesses.... it is still better than the alternatives. The market system has proven itself repeatedly over the likes of centralized planning, monarchy, despotism, fascism to name a few. A critical component in a market system is the role of developmental technology as a vehicle for creating profits. Technology being roughly defined as the higher utilization of existing resources. As an example...
At one time whale oil was used to illuminate darkness: Should we abandon coal and or fossil fuels to revert back to whale blubber? Of course the answer is:.... No way can the existing whale population support the needs of society. Yet whaling in its time was a viable short term alternative that yielded to the next best alternative. At some point we can only hope the current system will also adapt and become more refined... without dire long term and terminal environmental consequences.
The Invisible-Hand of business, with its built in compensatory reward system guarantees a better, cheaper, alternative looms in the thoughts of someones grey matter. The one thing that anyone can take to the proverbial bank is.... "human nature never changes". Greed, lust, envy, desire, love, hate, compassion, has and will continue to exist. It is the very nature of man to desire. It is this desire which creates opportunity that propels man to perpetuate his existence and attempt to maintain equilibrium for an environment that has been altered through developmental transitions.
If mankind can minimize the intervals between the transitions... perhaps we can halt and reverse the environmental damages we have bestowed upon ourselves. If not... the bees and the cockroaches will take over what is left of the remaining planet.
At this point perhaps the danger lies in allowing developing nations to follow in our past footsteps and repeat the same environmental damages that we have learned were consequences of the learning curve. Unfair ??? Yes... but certain rewards go to those who are in early and certain consequences to those in late in the game. After all where is it written that the game should be fair? The right of might still exists yet on a higher level. |
