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While "I, Pencil" is definitely a story from the free-market tribe, and the concluding paragraph pays due homage, the point of the article is not that "all ente
by adrianratnapala 10y ago
While "I, Pencil" is definitely a story from the free-market tribe, and the concluding paragraph pays due homage, the point of the article is not that "all enterprise [are]soluble by the natural dynamics of a free market".
The point is that the simple things in our society are the product of very complicated networks of activity that nobody understands. And this is pretty universal, whether you are talking about pencils or police.
Of course this complexity is not the only consideration that determines how things should be done. But it is a consideration that is usually ignored when people seek to regulate an industry.