Is there no bottom to the well of corruption?
26 May 2021
The beauty of the system of private enterprise is that it allows willing sellers to offer products and services to potential customers who are free to accept or reject their offerings. Fundamentally, this free exchange of goods and services is democracy and individual freedom in action.
In political language, we have politicians (the sellers) offering their services for sale to voters made up of free men and women (the buyers) who can accept or reject the offers by voting against them or refusing to vote at all.
Bad products are not bought. Those making them go bust. Poor service makes customers seek better providers elsewhere. This in essence is the free market system that underpins the wealth of all nations that embrace it.
It is not perfect. It needs legal protection and scrutiny to keep its conscience clear. But every other system, wherever and whenever it has been tried, has degenerated into tyranny or incompetence or both.