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The Global Economy Works When We Get Out Of The Way

Alex Tokarev and Kristin Tokarev write in The American Conservative that the global economy works when we get out of the way.

The C3 Take
  • Global supply chain delays are being multiplied due to government-imposed barriers.
  • In the same way that the global economy and supply chains function best when governments play a limited role, energy and climate innovations thrive when the private sector leads the way.
  • We should learn from our global supply chain issues and reduce government-imposed barriers that stifle private sector leadership and innovation in the climate space.

“America’s birth at the dawn of the Industrial Revolution unleashed an amazing amount of entrepreneurial energy. Private property and market prices have been channeling self-interest into productive activities in a systematic way for over two centuries. Capitalism has built a vast network of peaceful collaboration for the satisfaction of our wants. It’s not a perfect system because it relies on imperfect human beings. The free enterprise system has its rainy days but all major economic floods have been caused by government malfeasance.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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