Great Point, Often Overlooked

Bill Whittle makes a great point in this video which is at the heart of the problems with this administration:  While Obama and his young policy wonks may be smarter (or at least think they are smarter) than other folks individually, they cannot possibly be smarter than the sum of 300 million well educated, realtively affluent Americans making decisions for themselves.  Every technocrat founders on these rocks, when they substitute their decision as command and control planners for individual decision making (example).   Everyone talks about a revival of interest in Ayn Rand, and that is great, but it is Hayek who has never been more relevent.

More on the failures of technocrats here.

  • ben

    Everyone talks about a revival of interest in Ayn Rand, and that is great, but it is Hayek who has never been more relevent.

    YES. Best call I've read this month.

  • Obloodyhell

    > it is Hayek who has never been more relevant.

    True, true.

    I'd also point out that they are, indeed, making the mistakes of The New Deal all over again -- that was the last time that a lot of ivory-tower eggheads with no real experience in How Things Work got control of the reins. Let's hope this time it doesn't take 15 years for someone to Get It.

    .

  • Brad Sallows

    Political control is to the free market as bataille conduit is to manoeuvre warfare. (France vs Germany, 1940). The few will never get inside the decision cycle of the many.

  • fiona

    Anybody up for rereading "The Best and the Brightest" ? This is getting scary!