Recently when I took a taxi ride, the driver complained that in Singapore, one must pay for everything, nothing is for free.
I asked him whether he’d be willing to drive me for free. I explained to him that even in welfare states people pay 60% taxes to enjoy free stuff. Everybody got to pay for what they want, either to the government or to an individual.
It is the liberal idea that centralizing resource distribution is better than decentralized resource distribution that I don’t understand. Have they not experienced the centrally planned economies of the past?
The recent results from MIT about computational complexity of computing Nash equilibrium shows once again the impossibility of a centrally planned economy. When will people grow up from this childhood and start assuming personal responsibility?