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:
ADVERTISEMENT

Opinion

View All

Cardinal Zen: Chinese Communists Renew Crackdown on Chinese Catholics

As he continues his travels, the most important message Zen has for his audiences is: Stay informed a...

PM Keir Starmer says Putin's ceasefire response 'not good enough' as EU countries seek to pressure Russia

His remarks came after hosting a virtual summit aimed at rallying support for Ukraine and pressuring ...

Four Teslas deliberately torched in Berlin as violence against Elon Musk's company rises

Four Teslas across the city of Berlin, Germany were deliberately set on fire Friday night....

UK Surrey Pride co-founder found guilty of raping 12-year-old boy he met on Grindr

Stephen Ireland, 41, of Surrey, co-founded Pride in Surrey in 2018....