I, Pencil: A lesson in the wonders of the interconnected world

People make a lot of foolish decisions because they take too much for granted.  This is true of both individuals and society at large.  The modern world has surrounded us with so much technological wealth that we take nearly all of it for granted.  Never has freedom and spontaneous creativity produced such value… or been so severely […]

  • by:
  • 09/21/2022

People make a lot of foolish decisions because they take too much for granted.  This is true of both individuals and society at large.  The modern world has surrounded us with so much technological wealth that we take nearly all of it for granted.  Never has freedom and spontaneous creativity produced such value... or been so severely under-valued.  We are led to political conclusions by the manipulation of a few highlighted values in a vast equation that actually contains thousands of invisible variables.  The result, as you can see by perusing the newspapers on any given day, is an awful lot of "unexpected" bad news.

The Competitive Enterprise Institute has produced a brilliant animated film that uses a time-honored essay by Foundation for Economic Freedom founder Leonard Read to make this point, with something everyone takes completely for granted: the humble pencil.  Just imagine how many complex interactions and unseen transactions lie behind the computers that created this film, the Internet that transmits it, or the computer you're viewing it on, and marvel at the sheer folly of central planning.  The "invisible hand" writes many tales that could never have been dictated.

Image:
ADVERTISEMENT

Opinion

View All

UK approves record number of asylum seekers claiming to face LGBTQIA+ persecution in their home countries

“While it’s impossible to be sure of the genuineness of applicants claiming asylum based on their sex...

Zelensky says war will come to a 'faster' end under Trump's leadership

“This is the kind of America that Europe needs. And a strong Europe is what America needs, to my mind...

CHRISSY CLARK: Michigan woman awarded almost $13 million after being fired by BCBS for refusing Covid vaccine

Lisa Domski worked at Blue Cross Blue Shield of Michigan as an IT specialist for 38 years....

London professor claims geology — the study of rocks — is racist, linked to ‘white supremacy’

Professor Kathryn Yusoff contends that the field of geology is driven by “systemic racism” and has ro...