The Tonic Accord

Catching Up: Why the Free Market Can’t Solve a Pandemic


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In the west, many of the countries that have been slow to react to the coronavirus have been countries like the United States, Brazil, and the United Kingdom. All three have leaders that believe in a laissez faire approach to the economy and crisis response. On the contrary, nations like Germany have utilized large government responses and have had adequate success with curbing the spread of COVID-19. In this segment, Alex discusses how this crisis may be providing a strong rebuttal of libertarian and neoliberal government responses in a crisis. Alex talks about John Stuart Mill's harm principle that states that a person can do whatever he or she wants as long as his or her actions do not harm others, and if they do harm others, society is able to prevent those actions. Alex argues that by not instituting a good enough national response to the crisis, these governments are actively harming their citizens by relying on “the invisible hand". It seems like neoliberals and small government advocates don’t want to sacrifice the free market or individual liberties for the common welfare of the country during a crisis and this has already backfired.
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The Tonic AccordBy thetonicaccord

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