How dare you criticize capitalism, you pinko socialist!

I think The Road To Serfdom is fabulous. I think Glenn Beck didn’t read it carefully enough. Here is the main part I think the foxnewsies ignore, because it is “off-message”: (Which is the only polite way I know of to say it.)

There are, finally, undoubted fields where no legal arrangements can create the main condition on which the usefulness of the system of competition and private property depends … In all these instances there is a divergence between the items which enter into private calculation and those which affect social welfare; and, whenever this divergence becomes important, some method other than competition may have to be found to supply the services in question. Thus, neither the provision of signposts on the roads nor, in most circumstances, that of the roads themselves can be paid for by every individual user. Nor can certain harmful effects of deforestation, of some methods of farming, or of the smoke and noise of factories be confined to the owner of the property in question, or to those who are willing to submit to the damage for an agreed compensation. In such instances we must find some substitute for the regulation by the price mechanism. But the fact that we have to resort to the substitution of direct regulation by authority where the conditions for the proper working of competition cannot be created does not prove that we should suppress competition where it can be made to function.

In other words, some situations are not well handled by the usual capitalistic means. But let’s try and keep its good ideas.

To create conditions in which competition will be as effective as possible, to supplement it where it cannot be made effective, to provide the services which, in the words of Adam Smith, “though they may be in the highest degree advantageous to a great society, are, however, of such a nature, that the profit could never repay the expense to any individual or small number of individuals”—these tasks provide, indeed, a wide and unquestioned field for state activity. In no system that could be rationally defended would the state just do nothing. [My emphasis.]

Yes, really; in the situations where relying on laissez-faire capitalism won’t get ‘er done, the state must step in.

But how we go about it is very important, and in this I am completely capitalist. Hayek’s great bogeyman argument is “centralization of economic activity”. That any sort of “centralized planning of control” will fail or be inferior. Of course I agree with this central point. But note that this is not anti-control or anti-regulation. You can still control by regulating. And you should! The following is quite complicated and dependent on the meaning of his terms:

…most people still believe that it must be possible to find some middle way between “atomistic” competition and central direction. Nothing, indeed, seems at first more plausible, or is more likely to appeal to reasonable people, than the idea that our goal must be neither the extreme decentralization of free competition nor the complete centralization of a single plan but some judicious mixture of the two methods. Yet mere common sense proves a treacherous guide in this field. Although competition can bear some admixture of regulation, it cannot be combined with planning to any extent we like without ceasing to operate as an effective guide to production. Nor is “planning” a medicine which, taken in small doses, can produce the effects for which one might hope from its thoroughgoing application. Both competition and central direction become poor and inefficient tools if they are incomplete; they are alternative principles used to solve the same problem, and a mixture of the two means that neither will really work and that the result will be worse than if either system had been consistently relied upon. Or to express it differently, planning and competition can be combined only by planning for competition but not by planning against competition.

A bit of a longer-winded section with some challenge-able parts asserted without proof, but I absolutely love that last line. It is my favorite line in the whole book and it tells us exactly what we need to do:

…planning and competition can be combined only by planning for competition but not by planning against competition.

If you need to plan, plan on accomplishing it via competition.

Just don’t tell me that planning is wrong. Or that just because “conventional capitalism” cannot solve it, it shouldn’t be done. You’ll have to find your justification elsewhere.

Update: 8/27/2017
My enjoyment of Beck’s inability to read closely was always tempered by the possibility that Hayek had some “less admirable” positions in his other writings. I recently ran across an excellent criticism at Nietzsche’s Marginal Children: On Friedrich Hayek. (Be sure to follow the links at the end, for additional debate points.) While I am no great student of philosophy and could care less about Nietzsche, the article does show a clear inconsistency (hypocrisy perhaps?) between Hayek’s writing in serfdom — which is clear that one should not pick winners and losers in the great game of capitalism, and that the nature of competition is that today’s winner could be tomorrow’s loser — and his latter work, which clearly suggests that the “winners know best”.

Stacy Wright’s message to Taylor Beaham

Stacy published this in the KC Star shortly after David’s funeral. Since it is no longer linked on their website, she has allowed me to host it here.

A 16 year old relative who’d just lost her father a few days before posted a note on Facebook at 2:30 in the morning. It was heartbreaking. By the next day there were comments by a great number of friends and family telling her how beautiful her words were and how proud her father would be – all true.

 But I knew that the comments, while well-meaning, and supportive, and just what one is supposed to say in situations like these… well, they just wouldn’t cut it. No words, no amount of love and support is going to make it better this time.

I wanted to tell her that not only is the loss of her dad completely unfair, but that it just… that I could look up all the synonyms for “awful” and still never find a way to say how terrible it is that her father won’t see her graduate, or walk her down the aisle, or hold her child.

That the gaping hole in her life will never entirely go away.

 I do want to tell her that the hole will start to get smaller, eventually. So here goes…

 Right now, each day you wake up and have to remember all over again, and your grief hits you anew like a tidal wave. I’m so sorry you have to go through that. There will come a time when it’s not the first thing you think of. And the first time that happens, you may feel guilty, but try not to: it is part of healing.

When you think of your dad now you smile and then start to cry; one day – I promise – you will just smile. Most of the time. The tears will never entirely go away, but they won’t be your constant companion the way they are now.

One day you will see your brother or sister – or one of your children – do something that is just “so dad,” and you will laugh! Out loud. I know right now you think you will never, ever laugh again, but you will. And you should.

Special occasions will be hard for a while. His birthday, the holidays, Fathers’ Day will all be rough. But one Thursday in some distant November you’ll remember that you do have things to be thankful for. Wonderful things. And that while there will always be a piece missing, your life is pretty great. And that’s exactly how your dad would want it to be.

I hope you search out people who know where you are. There are a lot of people out there who’ve lost a parent at a young age, people who have a very good idea of what you’re going through. In Kansas City, we have Solace House, which in addition to helping adults, has support groups specifically for children and teens.

Please, please remember that no matter how awful you are feeling, it is better to work through your feelings than to try to numb them. While it is tempting to try and submerge your grief in self-destructive ways, it will surface eventually, bringing down everything in its path. Take advantage of your large and loving family and friends to lean on; do not be stoic: let it out.

Everyone’s trip through the grieving process is individual. While there are generally observed “steps” that you will probably go through, there is no set timetable. This process is yours, and while you own your grief, try not to let it define you.

Yes, you will always be “the girl whose father died when she was 16,” but you will also be “the girl who graduated high school and went to college and found a career that she loves.” Or “the girl who married the love of her life and raised a beautiful family.” Or “the girl who changed the world.” Or all of them.