[StBernard] Capitalism and the Right to Rise

Westley Annis westley at da-parish.com
Tue Dec 20 09:07:03 EST 2011


Capitalism and the Right to Rise
In freedom lies the risk of failure. But in statism lies the certainty of
stagnation.
By JEB BUSH

Congressman Paul Ryan recently coined a smart phrase to describe the core
concept of economic freedom: "The right to rise."

Think about it. We talk about the right to free speech, the right to bear
arms, the right to assembly. The right to rise doesn't seem like something
we should have to protect.

But we do. We have to make it easier for people to do the things that allow
them to rise. We have to let them compete. We need to let people fight for
business. We need to let people take risks. We need to let people fail. We
need to let people suffer the consequences of bad decisions. And we need to
let people enjoy the fruits of good decisions, even good luck.

That is what economic freedom looks like. Freedom to succeed as well as to
fail, freedom to do something or nothing. People understand this. Freedom of
speech, for example, means that we put up with a lot of verbal and visual
garbage in order to make sure that individuals have the right to say what
needs to be said, even when it is inconvenient or unpopular. We forgive the
sacrifices of free speech because we value its blessings.

But when it comes to economic freedom, we are less forgiving of the cycles
of growth and loss, of trial and error, and of failure and success that are
part of the realities of the marketplace and life itself.

Increasingly, we have let our elected officials abridge our own economic
freedoms through the annual passage of thousands of laws and their
associated regulations. We see human tragedy and we demand a regulation to
prevent it. We see a criminal fraud and we demand more laws. We see an
industry dying and we demand it be saved. Each time, we demand "Do something
. . . anything."


Getty Images
As Florida's governor for eight years, I was asked to "do something" almost
every day. Many times I resisted through vetoes but many times I succumbed.
And I wasn't alone. Mayors, county chairs, governors and presidents never
think their laws will harm the free market. But cumulatively, they do, and
we have now imperiled the right to rise.

Woe to the elected leader who fails to deliver a multipoint plan for
economic success, driven by specific government action. "Trust in the
dynamism of the market" is not a phrase in today's political lexicon.

Have we lost faith in the free-market system of entrepreneurial capitalism?
Are we no longer willing to place our trust in the creative chaos unleashed
by millions of people pursuing their own best economic interests?

The right to rise does not require a libertarian utopia to exist. Rather, it
requires fewer, simpler and more outcome-oriented rules. Rules for which an
honest cost-benefit analysis is done before their imposition. Rules that
sunset so they can be eliminated or adjusted as conditions change. Rules
that have disputes resolved faster and less expensively through arbitration
than litigation.

In Washington, D.C., rules are going in the opposite direction. They are
exploding in reach and complexity. They are created under a cloud of
uncertainty, and years after their passage nobody really knows how they will
work.

We either can go down the road we are on, a road where the individual is
allowed to succeed only so much before being punished with ruinous taxation,
where commerce ignores government action at its own peril, and where the
state decides how a massive share of the economy's resources should be
spent.

Or we can return to the road we once knew and which has served us well: a
road where individuals acting freely and with little restraint are able to
pursue fortune and prosperity as they see fit, a road where the government's
role is not to shape the marketplace but to help prepare its citizens to
prosper from it.

In short, we must choose between the straight line promised by the statists
and the jagged line of economic freedom. The straight line of gradual and
controlled growth is what the statists promise but can never deliver. The
jagged line offers no guarantees but has a powerful record of delivering the
most prosperity and the most opportunity to the most people. We cannot
possibly know in advance what freedom promises for 312 million individuals.
But unless we are willing to explore the jagged line of freedom, we will be
stuck with the straight line. And the straight line, it turns out, is a flat
line.

Mr. Bush, a Republican, was governor of Florida from 1999 to 2007.




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