July 22,
2025
Limits of Economic Liberalism
The central issue in modern politics is the
relationship between economic freedom and state intervention (or rather,
collective intervention).
Both are necessary: what is at stake is the relationship, the balance, the
compromise (call it what you will) between the two, and this depends on the
context — on the concrete and specific situation.
In some cases, it may be appropriate for the community to intervene in managing
public resources, competition, monopolies, prices, wages, and so on; in other
cases, such intervention may be harmful.
We can't talk about it in the abstract.