Justice, Administration of; Law -- Philosophy; Law and socialism; Property; Socialism and liberty
Bastiat was also wise enough to anticipate what modern economists call
"rent seeking" and "rent avoidance" behavior. These two clumsy phrases
refer, respectively, to the phenomena of lobbying for political favors
(legal plunder), and of engaging in political activity directed at
protecting oneself from being the victim of plunder seekers. (For
example, the steel manufacturing industry lobbies for high tariffs on
steel, whereas steel-using industries, like the automobile industry, can
be expected to lobby against high tariffs on steel).
{vii}
The reason why modem economists are concerned about "rent seeking" is
the opportunity cost involved: the more time, effort and money that
is spent by businesses on conniving to manipulate politics--merely
transferring wealth--the less time is spent on producing goods and
services, which increases wealth. Thus, legal plunder impoverishes
the entire society despite the fact that a small (but politically
influential) part of the society benefits from it.
It is remarkable, in reading "The Law," how perfectly accurate Bastiat
was in describing the statists of his day which, it turns out, were not
much different from the statists of today or any other day. The French
"socialists" of Bastiat's day espoused doctrines that perverted charity,
education, and morals, for one thing. True charity does not begin
with the robbery of taxation, he pointed out. Government schooling is
inevitably an exercise in statist brainwashing, not genuine education;
and it is hardly "moral" for a large gang (government) to (legally) rob
one segment of the population, keep most of the loot, and share a little
of it with various "needy" individuals.
Socialists want "to play God," Bastiat observed, anticipating all the
future tyrants and despots of the world who would try to remake the
world in their image, whether that image would be communism, fascism,
the "glorious union," or "global democracy." Bastiat also observed
that socialists wanted forced conformity; rigid regimentation of the
population through pervasive regulation; forced equality of wealth; and
dictatorship. As such, they were the mortal enemies of liberty.
"Dictatorship" need not involve an actual dictator. All that was needed,
said Bastiat, was "the laws," enacted
{viii}
by a Congress or a Parliament, that would achieve the same effect:
forced conformity.
Bastiat was also wise to point out that the world has far too many
"great men," "fathers of their countries," etc., who in reality are
usually nothing but petty tyrants with a sick and compulsive desire
to rule over others. The defenders of the free society should have a
healthy disrespect for all such men.
Bastiat admired America and pointed to the America of 1850 as being
as close as any society in the world to his ideal of a government that
protected individual rights to life, liberty, and property. There
were two major exeptions, however: the twin evils of slavery and
protectionist tariffs.
Public-domain text, read in full here on John Shaqi.
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