Freedom, Prosperity, and Government Obstruction

Adam Smith, who lived in the eighteenth century, provided the philosophical and most systematic arguments for the underpinnings of a laissez-faire economic system in his book “The Wealth of Nations.” Smith makes the argument that it was only the interference of government which disrupted the natural working of economic society and created poverty and decay rather than abundance and harmony. As Smith explained:

The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security, is so powerful a principle, that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred obstructions with which the folly of human laws too often encumbers its operations.

The drive for greater government regulation is the drive toward increased poverty, unemployment and the loss of liberty. With the Obama administration pushing an ever expanding federal government plan to take control of our financial institutions, health care system, the auto industry, and its attack on free speech, the time is now to clearly articulate the differences between free markets and free people, and government administered markets and government control of our lives.

For Freedom’s Sake

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Doug Thorson About the author: Doug Thorson is the founder of the For Freedom’s Sake blog (www.forfreedomssake.com). For the past 13 years he has worked in the private sector in sales in the B2B and B2G market. Before working in the private sector Doug also held positions as a congressional staffer, lobbyist and director of development for a national non-profit organization. Doug holds a B. S. degree in Public Administration with a minor in Economics, from Western Michigan University. He is married with 4 children and lives in the Washington, D. C. metro area.

Last 5 posts by Doug Thorson

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