Incentives Matter

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Communism and socialism are a race to the bottom in the same manner as electoral politics. Their mechanisms give equal footing to those who are least qualified with those who are actual pioneers providing market value. Without the ability to both succeed and fail based on individual initiative and voluntary support, massive distortions take place in the market and many needs go unmet due to gross inefficiencies.

And this is why free markets and free trade are so crucial to prosperity - having immediate market feedback as to what is valued through price signals.

#taxationistheft #libertarian #austrianecon #austrianeconomics #misesu #misesinstitute #mises #rothbard

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