Implementing the Idea of Freedom

We have previously shown that once a free society has been attained, it will be inherently stable (pp. 5.4:121-41). In this final subsection we consider how we can move from our present system toward such a society. It should be clear from our analysis of the natural tendencies of a mixed economy (pp. 5.4:50-99), as well as from common observation of the continuing erosion of civil and economic liberties in the United States and other leading Western countries, that the existing system is, metaphorically speaking, a sinking ship. Hence the need for a concerted effort on behalf of freedom is urgent.

Because of the extreme economic and cultural distortions arising from present mixed-economy policies, a free society probably will need to be introduced in stages. Various interim measures have been suggested to facilitate a smoother transition to a free society. Voucher programs, for example, could enable the development of free-market schools. Medical savings accounts (more information) could enable individuals to resume much of the responsibility that they have surrendered because of the tax code (cf. pp. 4.11:104-7). Current unfunded liabilities of the Social Security program could be remedied through the auction of government assets and land, enabling the entire system to be replaced with private pension plans with no loss of benefits for those approaching retirement.      Next page


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