Five Ft. Three

“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” ― Milton Friedman

For the greater good

on October 27, 2007

This posting has been inspired by my reading Atlas Shrugged by Ayn Rand.

Which economic system is truly for the greater good? Some would say the system of communism seems to be the obvious choice, after all everything is considered to be equally distributed among all. But I believe that a free market capitalistic one is the way to go. In a competetive market, the consumer gets the benefits of having choices, and where there is a lot of competition the prices are going to be lower. Meanwhile, the quality in a competitive market is higher. The business of course is in business to make a profit, if they are not good enough to make a profit, they will cease to exist. This means the consumer is dealing with the competent businesses and not the incompetent ones. And so I ask, which is really better for the common good? More choices, better quality, and lower prices, I’ll go with the free market system everytime.

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