Yesterday, we spoke about the beautiful potential of the Economy 2.0 — where all individuals, if they wish, can work remotely.
More than just being able to work from wherever, though, we envision an economic structure where literally anyone can leverage their strengths and what makes them unique to forge their own paths, with little to no barriers to entry.
It’s a salient vision. And absent full-blown WWIII, complete global societal collapse, or some other armageddon-level event, we have a shot of getting there sooner than most think.
Until then, though, there will be mass (and mostly futile) resistance to economic freedom and human liberation.
Take, for example, the government’s reaction to the “Sharing Economy.” The Labor Department’s David Weil argues that plebeians like you and me shouldn’t be able to deal with our own business privately, on our own terms.
Peer-to-peer technology is what keeps Mr. Weil up at night. Individuals transacting without guidance or oversight is the stuff of nightmares.
Such is the disturbed and conceited mindstate of many overeducated central planners. There’s no possible way, they say, those at the bottom could ever know what to do with themselves. They need to be led like herds by more “enlightened” individuals. Mostly those with insanely expensive pieces of paper resting on their walls.
“From the top down,” Iain Murray writes on FEE.org, “[David Weil] seeks to ‘change private behavior,’ and institute a single set of planned principles, set by government. This achievement would be as impressive as it is unrealistic.
“People, on their own initiative,” Murray goes on, “have instead been working from the bottom up. ‘Sharing economy’ firms such as Uber, Lyft, Taskrabbit, and others have been attracting willing workers in droves, even though few of the workers are formal employees. A major reason is that their arrangements have low transaction costs. Willing workers should be allowed to work, even if they don’t match David Weil’s preferred high-transaction cost methods.”
Now, here’s the thing…
When we say we’re against regulators telling us what to do in a blanketed top-down fashion, we’re not saying that business shouldn’t be regulated. We’re saying that it can regulate itself much more efficiently and effectively than the central planners ever possibly could.
“A major reason for regulation is a lack of trust,” says Murray. “The sharing economy makes regulators obsolete, through built-in rating systems for both buyers and sellers. Uber customers can rate their drivers, and drivers can rate their riders, too. Besides letting anyone know at a glance who is trustworthy and who is not, this system gives everyone an incentive to not be a jerk — something that escapes the legacy regulatory system.”
This legacy regulatory system, as we’ve said time and again, is doomed to die a gorgeous, fabulous, fantastic death.
Yes, I’m an eternal optimist. And, I believe, liberty and freedom will prevail — even for those who still believe being in chains and enslaved are better than liberation.
That said, it might get worse at the same rate it gets better. Or way worse before it gets way better. Or, you know, way better than we ever thought possible.
In any case, it’s important to stay resilient. Keep your grit. And keep pushing.
To show you how to stay sane in an insane world, we invite Barry Brownstein to talk about how to stay resilient in the face of vanishing liberties.