It’s hard to imagine how we would get through life without necessities like bacon and duct tape. But have you ever thought about how the free market gives you so much for so little?
Here’s a video that should be mandatory viewing in Washington. Too bad politicians didn’t watch it before imposing government‐run health care.
And since we’re contemplating the big‐picture issue of whether markets are better than statism, here’s some very sobering polling data from EurActiv:
A recent survey has found deep pessimism among European Commission staff on a wide range of issues, including the course of European integration over the past decade and the likelihood of success of the EU’s strategy for economic growth. Some 63% partially or totally agreed that “the European model has entered into a lasting crisis.”
This is remarkable. Even the statist über‐bureaucrats of the European Commission realize the big‐government house of cards is collapsing, yet politicians in Washington still want to make America more like Europe.