What is the Government?

We all have some conception of what the “government” is and consequently what we think the government should do. In the next session we are going to focus on this. What or who is the government and what function each of us expects it to do? This is an important question not in some abstract sense but it matters in the way the world works.

Each one of us is part of various collectives. The range is from our nuclear families to neighborhoods to the big nation states. How we in the collective think about the nature and role of the state matters enormously.

Do reflect on this question — What’s the nature of the state and what is its role? — and we will have a discussion the next time.

Price Control

It’s really very natural that if the price for something is high, the poor would not be able to afford it. And if that something also happens to be a necessity and not a luxury, it makes sense for someone to make sure that the price is made low. The question then is who is that entity, and how will that entity succeed in lowering that price.

Please think about that and if you would put a comment to this post. I would also like to point to an old blog post of mine: The Unbearable Silliness of Controlling Prices from December 2014.

Technology and Productivity

One of the core concepts that we have discussed is the role of technology in human progress. We invent and discover — through directed search but very frequently accidentally — ways to getting things done more efficiently. As more people spend more time figuring out cheaper processes of producing stuff, and also producing new sorts of stuff, we end up with the modern world.

This is just one of those random videos on YouTube which illustrate the point above. I’m not sure if it will play for you, though. It could be behind a pay wall. If it is, let me know in the comments and I will figure out a way for you to watch it.