Why I have no faith in the American electorate

In a letter to the editor of the New York Times on Tuesday, a certain Nancy Spiller wrote,

    We shouldn't have to make choices about electricity. It should be there for all of us, like air and water.

Or as the nineteenth century French socialist Charles Fourier would have it, under full-blown socialism the oceans would be full of lemonade and dolphins would pull ships through the water. If we could only get rid of capitalism, all scarcity (among other nasty things, like oppression, crime, and unhappiness) would disappear.

Unfortunately, as this past century has demonstrated repeatedly, socialism does not eliminate scarcity, but in fact exacerbates it. What is even more unfortunate is that far too many people have not learned this lesson, and continue to believe that if we could just get rid of markets, we would no longer need to "make choices" regarding how we should use scarce resources to satisfy our unlimited wants.

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