Personal Responsibility: The Free Market Vs. The Welfare State (L70)

Which promotes greater personal responsibility, the free market or the welfare state?

The free market promotes greater personal responsibility than the welfare state, by a landslide, to say the least. In fact, the welfare state exemplifies the exact opposite of promoting personal responsibility by using coercion as means by which they steal from working party A, to support party B. What this is really teaching people is that they don’t need to be worried about themselves, or their families, because they can depend on the government. They need not look for a job, because they have comfortably large checks coming in to feed and clothe their children with; checks that were filled with money stolen from the people actually working to earn a living. (Reward the dependent citizens, punish the independents workers.) The free market, on the other hand, not only promotes personal responsibility, but it requires it. If one can not keep up with their finances, supply and demand, marketing, etc. then they can not survive. One must be disciplined and hard working to become a top competitor; no state granted monopolies here.

Why Free Market Individuals Should be Regulating Prices, & Not the State (L35)

When observing a community of liberty-loving free marketers, one finds that success is abundant. Everyone has what they each need; there is peace and unity in a voluntaryist society such as this one. The fruits from each beings successes are shared and celebrated among many. However, on the other hand, should one observe a community submerged in state regulated price floors and ceilings, the entire market pricing system would be found a palpable lie.

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This is because state regulated prices aren’t fluctuating based on a supply and demand route; and when price floors are implemented, there is over production. Price ceilings result in shortages of goods. In a free market, the key to knowing how much of an item to produce is all found in the prices, seeing as how they display the demand of that particular item at a certain point in time. Price decision should stay between the buyer and seller, and when it does, the market will function healthily; without surplus or shortages.