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The Conversation #52 – Walter Block

Benevolence isn’t inefficient and I’m a big fan of benevolence. It’s just that it’s not enough. It’s okay for a group of twenty-five or fifty people where everyone knows everyone. But when you have 300 million in the US or 7 billion in the world, if we were self-sufficient and we had to produce everything for ourselves we’d all die, or 99% of us would die. So we have to cooperate with each other. But the only way to cooperate with each other in such large numbers is through markets.

Social Disruption and the Sharing Economy

I think there’s an unprecedented opportunity to change our relationship with political power. And I don’t think we need to be afraid of it. I don’t think we have to compromise our core principles in order to do it.