American Elephants


An Enterprise Society Doesn’t Come From State Control. by The Elephant's Child

In 2006, Baroness Margaret Thatcher contributed this essay to The Reason Foundation’s Annual Privatization Report. In it, she had some things to say that are quite pertinent for today’s American politicians:

All too often the state is tempted into activities to which it is either ill-suited or which are beyond its capabilities.

Perhaps the greatest of these temptations is government’s desire to concentrate economic power in its own hands. It begins to believe that it knows how to manage business. But let me tell you, it doesn’t as we discovered in Britain in the 1970s when nationalisation and prices and incomes policy together deprived management of the ability to manage. And when we came to privatise and deregulate in the 1980s it took some time before these skills returned.

A system of state control can’t be made good merely because it is run by “clever” people who make the arrogant assertion that they “know best” and that they are serving the “public interest,” which of course is determined by them. State control is fundamentally bad because it denies people the power to choose and the opportunity to bear responsibility for their own actions.

Conversely, privatisation shrinks the power of the state and free enterprise enlarges the power of the people.

Click here for the rest of the essay.


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