Among the many wonderful features of free markets is what my former Mercatus Center colleague Adam Thierer calls “permissionless innovation.” “Permissionless innovation” is the freedom of people spending their own money and time to experiment with producing new products, and new ways of producing existing products, combined with the freedom of people as buyers (also spending their own money and time) to choose which of these experiments to support and which not to support. Creativity being what it is, the outcomes cannot be predicted.
It’s beautiful, as such innovation is a peaceful means of promoting prosperity for the masses.
So I applaud this market experiment with a, shall we say, unusual kind of leisure spot.
But the experiment is failing. And yet some people – ignorant of the foundation, working, and benefits of free markets – are unjustly criticizing the owners of this experiment for trying to salvage it.
