February 8, 2015

When Misguided Government Policy Fails




[From article]
The problem, as various capital-”F” Fascists and National Socialists and Communist politburos and Vox readers all discovered in their turn, is that even if these dispassionate and disinterested managers existed — and they don’t — bureaucracies do not have the collective cognitive firepower to replace markets, or even to intelligently guide them. From the Soviet five-year plans to Obamacare, all central-planning exercises begin in hubris and end in chaos.
And when the chaos comes, the natural thing to do — the imperative thing — is: find someone to blame. The planners and schemers are intellectually incapable of dealing seriously with the fact that the project that they have set for themselves — substituting their own judgment for that of the billions of better-informed parties in the market and coming up with superior outcomes — is an impossible one.

http://www.nationalreview.com/article/398133/brute-force-left-kevin-d-williamson

FEBRUARY 8, 2015 4:00 AM
The Brute-Force Left
The Left lost the argument, but is determined to win the fight.
By Kevin D. Williamson

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