Monthly Archives: May 2017

Quality and Free Markets

Quality.  It’s a hugely subjective measurement. Some may argue there are universally accepted standards for what’s considered to be “good” quality vs. “poor” (eg. your local FDA bootlicker).  I would argue that Beauty is in the eye of the Beholder.

Many people mistake Price for Quality.  In a Free Market, Price only indicates the intersection of Supply and Demand.  If there’s a shortage of Supply and relatively stable or even increasing Demand, you very well could see prices for low-Quality junk go higher and higher.  The reverse is also true in that high-Quality goods may be in ample supply and thus prices drop.  (eg. computers, memory, and processors over the last 30 years.)

The reason I bring these up is because Socialists will, without exception, argue there is only one acceptable standard for Quality.  In fact, their aim is to eliminate choice altogether.  A Socialist State cannot allow for product differentiation because that opens the door for Disparity.

The head scratcher in all this is that Socialists want you to believe their agenda will give everyone the best fruits the Free Market has to offer.  Suddenly, everyone will have palatial mansions, Ferraris, and grass fed Wagu filet mignon every night.

This can’t be further from the truth.  Throughout history and even today in countries like Venezuela, Socialists and central planners cannot even supply basic needs like food, water, or even toilet paper.  

And let’s not forget the fact that not everyone wants or needs the same Quality of goods or services.  My needs may be very different from yours.  We have 7 children in our home.  Do you think for one minute your transportation needs are the same as mine?  Or size of home?  Or meal planning?  Or healthcare needs?

What about your own needs over time?  Will your needs change over the next 10, 20 or even 40 years?  My wife and I are big fans of Ikea and Walmart mostly because they provide LOW-COST options for our family.  It’s understood that everything we buy from them is pretty much disposable.  Furniture, electronics, food items, sundries, clothing — we have zero expectation of holding on to these things after all of our children have grown and moved out of the house.  But these things are very much in demand in our household for the time being.  The Free Market gives us the power to weigh our needs, wants, and preferences against our own personal Demand curves throughout time.  

The Socialist State will tell you what you need when you need it.  

You have children with Gluten or Dye Allergies?  LOL!  You think the Socialists care?  

You want organic, non-GMO produce for your salad?  The Socialist has no salad for you this month.  

You like energy-efficient, hybrid cars to ‘save’ the environment?  Socialists can’t even deliver the rubber for making tires.

Make no mistake about it.  When Socialists proclaim equality and fairness for all, they are talking about the lowest, common denominator of quality with no other options allowed.

Advertisements