Apparently a lot of young people believe not only in something nonsensical but also specifically in socialism. I recently heard an example of a young woman talking about how all the necessities of life both "should be free" and "should be paid for by the government." Obviously, if they're paid for, they're not free, but she means that they're free for her and paid for by everyone, thus partly her, through the intermediary of the State. This is a terrible idea. To better understand why, it's best to understand a basic fact of economic decision-making, which are the differences between first-, second-, and third-person purchasing decisions and why government purchasing, which is always third-person, is always least likely to do well by the cost/quality tradeoff. Join host James Lindsay in this episode of New Discourses Bullets as he breaks it down.
Share this post
On Individual, Corporate, and Social Buying
newdiscourses.substack.com
1×
0:00
-16:16
On Individual, Corporate, and Social Buying
New Discourses Bullets, Ep. 19
Sep 15, 2022
New Discourses
Pursuing the light of objective truth in subjective darkness.
Pursuing the light of objective truth in subjective darkness.Listen on
Substack App
RSS Feed
Recent Episodes
On Individual, Corporate, and Social Buying