Government is a Plodding Dinosaur. Business is a Thoroughbred Racehorse

by Chuck Donovan

“But modem civilization will not perish unless it does so by its own act of selfdestruction. …Only inner enemies can threaten it. It can come to an end only if the ideas of liberalism, <freedom> are supplanted by an antiliberal ideology hostile to social cooperation.”  – Ludwig Von Mises[1]


COMMENT:  Peter Diamandis on “Why The Future Is Better Than You Think”

Dr. Peter Diamandis is the Chairman and CEO of the X PRIZE Foundation[2], which leads the world in designing and launching large incentive prizes to drive “radical breakthroughs for the benefit of humanity.”  The foundation is best known for the $10 million Ansari X PRIZE for private spaceflight, (Won in October 2004 by Microsoft co-founder Paul Allen and aviation designer Burt Rutan with SpaceShipOne, the world’s first non-government piloted spacecraft.), and the $10 million Progressive Automotive X PRIZE for 100 mile-per-gallon equivalent cars.

I have said many times that government is the expensive roadblock in the way of our economy, our business, and the improvement of our quality of life.  Mr. Diamantis states in this interview that innovation will continue to move faster and faster while government will continue to stumble along and slow the innovation we actually need.  He said for example that if our government says no to Stem Cell research.  What it really says with this policy is “not here”.  Stem Cell research is taking place and the only question is where the U.S.A. will end up in that field.  With our government in the way again, we will end up in last place.

Dr. Diamandis believes our ability to grow food, produce clean water, to educate people and to medicate people, is improving and will continue to improve.  In the area of growing food alone there has been a massive revolution over the past hundred years.  Today, even with sub-minimum wage people working agricultural fields, about 90% less people are working to raise our food compared to 100 years ago.  This will also continue to improve.

But government stays stuck in the old ways of doing things.  It attempts to prop up archaic, crumbling systems.  It tries to get ahead of the innovation curve as it always has, but business and innovation are lean, thoroughbred racehorses, while the government is a plodding dinosaur.

Bailouts and subsidies are an example of the government propping up the old system.

We will move forward not with politicians and bureaucrats in the lead positions, but with private innovators and entrepreneurs like Mr. Diamandis.  It is not the ideals of central control and political power that will help us advance.  Instead, the way forward is with the morality of individual action, competitive prices and businesses, the discipline of the market, and respect for private property.

Those of you who object to what I am saying I challenge you to be honest with yourselves and admit that what you really fear is the change from the current system, and your perceived loss of control.  I ask you to reconsider and to let freedom win.


[1] “Liberalism”, by Ludwig Von Mises, New York, April, 1965, Chapter 5, “The Future of Liberalism”, pp188


[2] The X PRIZE Foundation is an educational (501c3) nonprofit organization whose mission is to bring about radical breakthroughs for the benefit of humanity, thereby inspiring the formation of new industries and the revitalization of markets that are currently stuck due to existing failures or a commonly held belief that a solution is not possible.