Centralized power has a problem: the individual. Every person is a potential disrupter of The Plan, and disruption must be forbidden. Otherwise, why have a central plan? This applies regardless of whether the planning is economy-wide or for particular sectors, such as medical services. (See F. A. Hayek’s The Road to Serfdom.)
Adam Smith and Equality of Force
It was 250 years ago that Adam Smith published The Wealth of Nations. In it, he looked back on the contact that various distant peoples had had with Europeans, following the discoveries of Christopher Colombus and Vasco de Gama. The results, by Smith’s time in 1776,...
