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
ad-image

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:

Opinion

View All

UK convenes meeting of 40 countries after Trump said 'go get your own oil' from Iran—or buy American

"Number 1, buy from the U.S., we have plenty, and Number 2, build up some delayed courage, go to the ...

LIBBY EMMONS: Congress must END birth tourism

These children have access to all benefits and rights of American citizenship, including being eligib...

ISIS tells Muslims to torch churches and synagogues across US, Europe over Easter weekend

"Rise up and set fire to the Jewish synagogues scattered across America, Europe, Russia, India, and e...

DANIEL HAYWORTH: The 'goodness' of Good Friday is the goodness of God and His sacrifice

This day is not called good because of what men did to Jesus. It is called good because of who God is...