Sunday, June 20, 2010

Entrepreneurs Do More Than Generate Wealth.

In the article entrepreneurs were described as "wealth generators."

True but this is the effect not the cause. The cause of the wealth is the entrepreneurial spirit or the alertness of the market participant. Discovery preceeds the generation of wealth.

Why is economic intervention always immoral, and more specifically, immoral when it is directed at entrepreneurs? Humans, by nature, are seekers after truth. They are inherently alert but also subject to latency which is caused by anything that distorts or camouflages knowledge. It is a type of oppression to inject into the economy a corrupting influence. Economic intervention is an oppression that violates human rights and property rights by definition.

Violation of laissez-faire is immoral and scientifically proven to be a corruption of the economy.

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