I recently became interested in Austrian economics, because I share some key perspectives. And, as a non-academic, I feel more comfortable with its literary style.
I agree with the post. I (and other Koreans) have admired American parents’ raising children to become independent. But maybe it is changing? More broadly, I think that the more people are entrepreneurial, the better free market works.
Let’s say there is no school in a small town. In an entrepreneurial culture, it is likely that someone take this as an opportunity and build a school (or something that can work as a school like e-learning). But when people are not entrepreneurial, they may view this only as a problem and ask the government to address it.
It may be wiser for free-market advocates to speak to normal people about entrepreneurship (in an easy and entertaining way), rather than against anti-market opinion leaders. The free market should not look like an anti-anti-market philosophy.
3 years ago