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First of all, you're mostly spot on. Kudos for this. >Young people have a really have a hard time with the paradox It explains why many people feel they're en
by _andromeda_ 10y ago
First of all, you're mostly spot on. Kudos for this.
>Young people have a really have a hard time with the paradox
It explains why many people feel they're entitled to a job and government ought to 'create' jobs. It is incredibly perplexing just how many people don't understand that they aren't entitled to anything! The concept that you have to provide value for someone else so that you can get compensated eludes more people than it should. It is no wonder employers find themselves trying to explain such simple facts to fresh graduates that think they're entitled to jobs. Many of them (employees) don't understand that once they're on-boarded into a business, they immediately become liabilities until they can provide more value than they're receiving in form of compensation (heck, it isn't even compensation at this stage because compensation implies some form of quid pro quo).
>Yes - there are some hardcore people - like those at the Chicago school etc. who think that basically there should almost be 'no government'
Actually, the Chicago school isn't as 'hardcore' as you might think. We, the Austrians, are the ones who think that a society can exist without conventional government. It may come as a surprise to you but based on your statement - so the 'driving voice' that's needed is that of 'free markets with decent regulation' - you yourself fit the description of what many would consider the Chicago school which essentially maintains that a government that is small in size, mildly favors laissez-faire, has minimal regulations and pumps in money into the economy in smaller doses would suffice.
If you're interested in learning more about these and more thoughts, check out a book called: Democracy, The god That Failed by Hans-Hermann Hoppe