Monday, February 22, 2010

equal oppourtunity?

After today's lecture I have begun to realize that economics and nature are almost one in the same. The strong survive the weak die off and the smart adapt to fit their surroundings. This being said in a pearly economic view we can say that all subsidies, taxes, society safety nets, and all other government and private intervenings are actually preventing the inevitable failures and are actually bringing society down. Any time that there is some form of intervention an inefficiency is created and money is wasted in doing so. I understand that research and product development is necessary, but in a free trade market this would be brought up through necessity and innovation. Implementation of fiscal tools to motivate buyers and sellers is not only wrong it displaces resources from their most efficient uses. This also means that equal opportunity employment and hiring for demographics instead of skills will actually be an inefficient method of determining potential employees. therefore interviews will eventually become unnecessary and everyone will be hired from a job banked filed with data and people will be told where there skills will be most beneficial for society. As we draw closer to a perfect economic model it would begin to look like a communist society. Your data would be input into the job data banks and you would be told what to do. this of course would be to cut inefficiencies in business and trade. In the end all jobs that are considered to be unsavory will be delegated to robots and eventually we would become a society of intellectuals and simply have time to figure out the problems of the universe with all of our leisure time. This all being said isn't it inefficient to educate every individual past a certain level? Or is it beneficial to have millions of specialists so specialized that they actually may only utilize their refined skills a few hours a month?