Robert Wenzel on the Global Riots

Robert Wenzel writes:

The world is exploding with protests, riots and in some cases revolutions. Behind this disruption of the status quo is the reaction against government attempts to force people against the natural order. In Egypt, Tunisia, Libya, and the like, it is pure revolt against totalitarian control. In Greece, Ireland and Wisconsin it is protests against the fact that governments can’t do the impossible, i.e. pay out more plunder than they take in (in one form or another). In Greece, Ireland and Wisconsin, the protesters clearly want the impossible. They want the plunder that isn’t there.

But at the core, the fundamental problem with all these upheavals is there is no indication that the people in any of these situations understand what makes for a growing prosperous society. In Greece, Ireland and Wisconsin, the protesters are clearly self-centered, who have no clue that they would live in a much better society if the governments simply ended their positions and stopped taxing the people. This would result in the people hiring the government employees in the private sector, where the incentives would result in a growing society.

In the revolutions of Egypt, Tunisia and Libya it is not clear what will replace the totalitarians. There is no indication that the masses understand the destructive nature of government control.

From Wisconsin to Libya, the teachings of Hayek, Mises and Rothbard are still not generally understood. Until they are, protests, riots and revolutions may simply just set the stage for future protests, riots and revolutions, as one government plan is replaced by some other government plan that won’t work in the long run. Nothing will really change until the people truly understand the importance of the rule of law, private property and free markets. Until Hayek, Mises and Rothbard are on the lips of revolutionaries the way Marx and Guevera and are now, the revolutions shall continue.

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