- Cafe Hayek - http://cafehayek.com -

Don’t Throw Me Into that Briar Patch!

Posted By Don Boudreaux On January 31, 2010 @ 8:35 am In Myths and Fallacies,Regulation,Seen and Unseen | Comments Disabled

Here’s a letter that I sent to the Washington Post:

While at the Davos World Economic Forum, David Ignatius was apparently surprised that “When Sarkozy had finished his anti-capitalist rant, he got a standing ovation from an audience made up mostly of wealthy capitalists” (“Populism popular at the World Economic Forum in Davos [1],” Jan. 31).

Nothing is surprising about this fact.  To the extent that trade – both national and international – is restricted, incumbent capitalists are shielded from what Joseph Schumpeter [2] called the “gale of creative destruction.”  Subsidies and tariffs always protect established capitalists from having to compete with new rivals, new products, and new ways of doing business.  Such “anti-capitalist” protection harms not only upstart entrepreneurs; most importantly, it hurts the countless unseen and unrepresented consumers who are denied the gains they would have enjoyed from the innovation and competition that are squelched by the “anti-capitalist” restrictive policies that seem so in vogue today at Davos.

Show me an “anti-capitalist” policy and I’ll show you wealthy capitalists who applaud it loudly.

Sincerely,
Donald J. Boudreaux

Be Sociable, Share!
  • [3]
  • [4]
  • [5]
  • [6]
  • [7]

Comments

comments


Article printed from Cafe Hayek: http://cafehayek.com

URL to article: http://cafehayek.com/2010/01/dont-throw-me-into-that-briar-patch.html

URLs in this post:

[1] Populism popular at the World Economic Forum in Davos: http://www.washingtonpost.com/wp-dyn/content/article/2010/01/29/AR2010012903837.html

[2] Joseph Schumpeter: http://www.econlib.org/library/Enc/bios/Schumpeter.html

[3]

  • : http://twitter.com/intent/tweet?text=Don%27t%20Throw%20Me%20Into%20that%20Briar%20Patch%21%20-%20http%3A%2F%2Fcafehayek.com%2F2010%2F01%2Fdont-throw-me-into-that-briar-patch.html%20

    [4]

  • : https://mail.google.com/mail/?view=cm&fs=1&to&su=Don%27t%20Throw%20Me%20Into%20that%20Briar%20Patch%21&body=http%3A%2F%2Fcafehayek.com%2F2010%2F01%2Fdont-throw-me-into-that-briar-patch.html&ui=2&tf=1&shva=1

    [5]

  • : http://www.stumbleupon.com/submit?url=http%3A%2F%2Fcafehayek.com%2F2010%2F01%2Fdont-throw-me-into-that-briar-patch.html&title=Don%27t%20Throw%20Me%20Into%20that%20Briar%20Patch%21

    [6]

  • : http://www.google.com/reader/link?url=http%3A%2F%2Fcafehayek.com%2F2010%2F01%2Fdont-throw-me-into-that-briar-patch.html&title=Don%27t%20Throw%20Me%20Into%20that%20Briar%20Patch%21&srcURL=http%3A%2F%2Fcafehayek.com%2F2010%2F01%2Fdont-throw-me-into-that-briar-patch.html&srcTitle=Cafe+Hayek+where+orders+emerge

    [7] Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2010%2F01%2Fdont-throw-me-into-that-briar-patch.html&Title=Don%27t%20Throw%20Me%20Into%20that%20Briar%20Patch%21

    [8]

  • : http://www.myspace.com/Modules/PostTo/Pages/?u=http%3A%2F%2Fcafehayek.com%2F2010%2F01%2Fdont-throw-me-into-that-briar-patch.html&t=Don%27t%20Throw%20Me%20Into%20that%20Briar%20Patch%21

    [9]

  • : http://reddit.com/submit?url=http%3A%2F%2Fcafehayek.com%2F2010%2F01%2Fdont-throw-me-into-that-briar-patch.html&title=Don%27t%20Throw%20Me%20Into%20that%20Briar%20Patch%21

    [10]

  • : http://news.ycombinator.com/submitlink?u=http%3A%2F%2Fcafehayek.com%2F2010%2F01%2Fdont-throw-me-into-that-briar-patch.html&t=Don%27t%20Throw%20Me%20Into%20that%20Briar%20Patch%21

    [11]

  • : http://sphinn.com/index.php?c=post&m=submit&link=http%3A%2F%2Fcafehayek.com%2F2010%2F01%2Fdont-throw-me-into-that-briar-patch.html

    [12] Tweet: https://twitter.com/share

  • Copyright © 2011 CafeHayek.com. All rights reserved.