Saturday, December 8, 2012

Appreciation of Innovation

I finally went to observe, and use the recently established Figat7th center in downtown Los Angeles. Before my ideas are confused with that of so-called vulgar libertarians, let me announce that the market structure of the U.S.A. is not free. The status of voluntary exchange is inhibited, incurred upon, invaded, hampered, adulterated, violated et cetera... Nevertheless there are aspects of the market economy that can be appropriately appreciated through the liberal lens.

Postulates regarding roads in a freed market are aided by examples garnered from market forces in today's mixed economy. Driving through the expansive parking lot of Figat7th, I could see and feel the smoothness of the roads. Present amongst the levels of human constructed beauty, were parking spaces for standard oil run vehicles as well as electric vehicle docking stations. This made me feel as if we were in a "Jetson's World". See, this was my first encounter with electric vehicle docking stations in a city mall. This occurs in an invaded market. What wonders would we be privy to if we privatized everything?

The caveat here, is that this mall is new. With time its walls can deteriorate, its roads can crumble, and its employees can all quit. All in all, it can fail if humans do not decide to voluntarily patronize it with there accumulated currency. If it fails, taxes are not levied to support it (we are not involuntarily expropriated of our wealth). If it fails, room is left for other competitors to supply the demand for the goods and services that Figat7th currently provides. This is the beauty of the marketplace. The marketplace is an arena of service. In order to satisfy our whims, we acquire resources to peacefully trade with one another. In order to voluntarily persuade a human into a purchase, thee must serve.


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