Why free market is essential for humanity!
A lead pencil: the wood maybe comes from a tree some part of the world— a saw to cut down the tree — steel to make the saw — iron ore to make steel — compressed graphite maybe from some mines in South America — the rubber for the probably comes from Malaya, in turn imported from South America by some businessmen with the help of the British government — the brass or the yellow paint or the glue all came from some parts of the world.
Literally thousands of people co-operated to make this pencil. People who don’t speak the same language, who practice different religions, who might hate one another if they ever met! … It was the magic of the price system that brought them together to cooperate, to make this pencil, so you could have it for a trifling sum.
This is the importance of free market operation — to promote growth, harmony and peace throughout the world.
