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If you don’t watch John Stossel’s videos, it’s time to start. It’s not just his brand of liberty-friendly journalism that’s so refreshing in a society that focuses too much on Republican vs. Democrat. It’s his penchant for bringing on the sharpest experts to tackle the issue on his mind at any given moment. The issue of the day is “inequality” and the expert he chose was entrepreneur Carol Roth.
Life isn’t fair. When most people utter those words, they usually say so in a consoling manner to someone complaining about being treated poorly. But it’s actually an important benefit of the life we’ve been given. If everything was fair, where would we be? What would we do? What would be the point of even trying to be excellent?
To see what fairness is like, one need only look at the socialist nations of the world. Things are much more fair in those nations. The gap between the poorest and the average citizen in these countries is much smaller than in America. Of course, that’s not because everyone is prospering. It’s because he vast majority of people are relegated to “fairly” being just as destitute as everyone else. I won’t even point to the obvious example of Venezuela, which is at the stage-4 level of the socialistic cancer. Every other nation that is more “fair” is able to be this way because they reduce the quality of services, lower the expectations of achieving success, and increase the dependency of the people on governments that are finding it more and more difficult to keep everyone afloat.
Eventually, all of them will succumb to the end result of “fairness” that we’re seeing in Venezuela today.
The whole video is enthralling, but ends in one of the best short arguments I’ve ever heard against socialism. When Stossel prompted Roth with the “unfairness” argument, Roth gave us the truth. Unfairness is a necessary feature of life.
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