Sunday, September 6, 2015

Meritocracy and Outcomes

During this Labor Day weekend our minds are drawn to the drift the country has been pulled into by the media away from free-markets and liberty, to talks of minimum wage and income inequality.  The wrapper of “economic justice” belies its true colors as collective central planning and income redistribution.  In essence, we are being taught that the confiscation of our time, income, money and private property is for our economic well-being and betterment.

Somehow different outcomes have become evidence of unfairness and discrimination, when in actuality it should be expected and embraced.  In free society and free markets you can decide if you want to work in the mail room or the executive office, if you want to work for a company or build a company – YOU make the choice. 

Instead of rushing to stop different outcomes, we should celebrate the difference in outcomes, as these differences represents individual choice.  More importantly, individual choice is, by its definition, freedom. 

In every instance of freedom of choice and free markets, prosperity has thrived.  In every instance of government central planning a uniformity of poverty has been achieved.  Winston Churchill summed these differences when he said “The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery.”

Why strive to maintain average when Americans were born to stand out.  When government shackles reward then innovation dries-up.  When we are shamed out of success then instead of a growing economy we have a slow or no growth economy. 

Let us rejoice in the rewards of labor and risk and the returns of a meritocracy.  Let each man choose his own destiny and path to happiness.  Let liberty survive and prosperity thrive.  Let the discussion continue!  


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