A Quote by Friedrich August von Hayek
The problems raised by a conscious direction of economic affairs on a national scale inevitably assume even greater dimensions when the same is attempted internationally. The conflict between planning and freedom cannot but become more serious as the similarity of standards and values among those submitted to a unitary plan diminishes.
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To undertake the direction of the economic life of people with widely divergent ideals and values is to assume responsibilities which commit one to the use of force; it is to assume a position where the best intentions cannot prevent one from being forced to act in a way which to some of those affected must appear highly immoral. This is true even if we assume the dominant power to be as idealistic and unselfish as we can possibly conceive. But how small is the likelihood that it will be unselfish, and how great are the temptations!
The economic freedom which is the prerequisite of any other freedom cannot be the freedom from economic care which the socialist promise us, and which can be obtained only by relieving the individual at the same time of the necessity and of the power of choice: it must be the freedom of economic activity which, with the right of choice, inevitably also carries the risk and the responsibility of that right
The problem with being linear minded is that you would ask this at all! You assume that you must do one or the other. Plan or not plan. How about planning to walk in a certain direction until the "now" offers you another plan?
My freedom will be so much the greater and more meaningful the more narrowly I limit my field of action and the more I surround myself with obstacles. Whatever diminishes constraint diminishes strength. The more constraints one imposes, the more one frees one's self of the chains that shackle the spirit.
Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.
There is in my opinion a great similarity between the problems provided by the mysterious behavior of the atom and those provided by the present economic paradoxes confronting the world.
Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.
To those who feel that their values are THE values, the less controlled systems necessarily present a spectacle of "chaos," simply because such systems respond to a diversity of values. The more successfully such systems respond to diversity, the more "chaos" there will be, by definition, according to the standards of ANY specific set of values- other than diversity or freedom as values. Looked at another way, the more self-righteous observers there are, the more chaos (and "waste") will be seen.
The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.
There is at the moment in the world a battle going on between those who are pursuing materialistic paths-globalizers of economic growth and those hell-bent on this 'big is better' idea-on the one hand, and on the other hand those who are dedicated to spiritual renewal, more small-scale development, more human scale, more sustainability, more crafts and arts. Where human beings are not just sold to companies and money and those kinds of things. Where human beings have a sacred path.
If I thought about planning, I'd plan movies. If I thought about planning my life, I'd plan my life more rationally, not like New Yorkers who live their lives so irrationally, without reason. Maybe that's the connection between my movies and New York: the movies have the same kind of lack of overall design.
First National Bank laid off 1,000 people; where do they go? There are no jobs for them. So we are having serious economic problems in this country. We are in a real economic crisis.
Among the Mormons, things temporal have always been important along with things eternal, for salvation in this world and the next is seen as one and the same continuing process of endless growth. Building Zion, a literal Kingdom of God on earth, has therefore meant an identity of religious and economic values: in the daily affairs of the Kingdom, Latter-day Saint scriptures call for unity, welfare, and economic independence.
It is my hypothesis that the fundamental source of conflict in this new [post-Cold-War] world will not be primarily ideological or primarily economic. The great divisions among humankind and the dominating source of conflict will be cultural. Nation states will remain the most powerful actors in world affairs, but the principal conflicts of global politics will occur between nations and groups of different civilizations. The clash of civilizations will dominate global politics. The fault lines between civilizations will be the battle lines of the future.
Planning is a process of choosing among those many options. If we do not choose to plan, then we choose to have others plan for us.
So while it is true that children are exposed to more information and a greater variety of experiences than were children of the past, it does not follow that they automatically become more sophisticated. We always know much more than we understand, and with the torrent of information to which young people are exposed, the gap between knowing and understanding, between experience and learning, has become even greater than it was in the past.
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