Hayek hoped we would reject calls for tribal loyalty – what the politicians and talking heads on TV News broadcasts have attempted to frame as “unity” – and, instead, pursue our individual ends, defined by our unique needs and life circumstances. He conceived of a system that relies on general rules of conduct, based on personal morality. But many fail to comprehend how such a system works for everyone.
About Hunter Hastings
Hunter Hastings is the Executive Director at Center for Individualism. He's an economist, venture capitalist, and lifelong advocate for liberty, economic freedom, and individual entrepreneurship.
Hunter’s current research is focused on the intersection of 21st century individualism, emerging technology and the radical decentralization that is freeing markets and creating a new spectrum of individual opportunity. His newest book is The Interconnected Individual, co-authored with Jeff Saperstein, to be published by Business Expert Press in 2018.
Entries by Hunter Hastings
FIRE savers aim at a sense of control and independence, and have chosen savings as the means. They eliminate a lot of the negative sentiments that come with uncertainty and disappointment from their lives, and they feel good about their life management style today and their prospects for living life on their own terms tomorrow. Ph.D. not required.
We are always told that to live in harmony, people must strive for a common end. We must be “united”. This is the device that has been effectively employed by all dictators. To preserve civilization, we must resist the call to unity and pursue our individual ends.
What is really disturbing is not the fact that some have lower income than others, but rather that some have very little. Fortunately, this is where capitalism enters the scene. Our chart paints the spectacular reduction in global extreme poverty over the last few decades.
Rules determine chances, but they don’t determine results. Even in a game with equal chances for all players, there will be some winners and some losers. Undeserved disappointments are unavoidable. They may cause a feeling of having been treated unjustly, but no-one has acted unjustly.
The prioritization of globalization, GDP growth and consumption growth, and higher education leaves behind many American workers. The leftist elites will not tolerate “any deviation from the borderless, green, multicultural, college-educated, ….consumption-oriented society”.
In February 1962 U.S. nonfarm payroll stood at 55.2 million. Fifty-six years and several major tax cuts later, jobs stand at 149.5 million. Call it basic and universal capitalism. Let’s stick with that, shall we?
Uut of nowhere, the children of the welfare state have developed the feeling that “society” owes them particular things, and that “society” must act to provide them with those things, whether it’s a free education or free healthcare or a job.
“Someone” must be to blame for unequal distribution of incomes. Therefore, they must be punished. Their property must be involuntarily transferred to others.
Americans are more inclined to found companies than the people of other countries and are also better at turning small companies into giant ones. The U.S. was the first country to make it easy to create companies without going cap in hand to local bureaucrats who had a right to tell them what to do.
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