Saturday, March 12, 2011
The Road to Cultural Serfdom: America's First Television Czar
Paul Cantor has a piece on LvMI on The Road to Cultural Serfdom: America's First Television Czar. In it he describes what happens when beauracracy controls content in culture. Whether it is direct central planning or Keynesian-style intervention, it is bad for the system in question. When you turn a bottom-up spontaneous order into a top-down hierarchical organization, you get a reduction in creativity, experimentation, wealth and value. This is true in both the economy and in the spontaneous orders of the arts.