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Being towards death

Heed not to the tree-rustling and leaf-lashing rain, Why not stroll along, whistle and sing under its rein. Lighter and better suited than horses are straw sandals and a bamboo staff, Who's afraid? A palm-leaf plaited cape provides enough to misty weather in life sustain. A thorny spring breeze sobers up the spirit, I feel a slight chill, The setting sun over the mountain offers greetings still. Looking back over the bleak passage survived, The return in time Shall not be affected by windswept rain or shine.
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The Truth Behind Market Recession: Chaos and Governance

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What makes the market vibrant? Because the market itself can generate a spontaneous order, where everyone, guided by an invisible hand, spontaneously maximizes their personal interests. The free competition in the market leads to the survival of the fittest, continuously ebbing and flowing.

What causes the market to enter a recession? That is when free competition is restricted, and a powerful directive attempts to guide individuals on how to use their capital, directing personal economic activities, thereby eliminating the self-sustaining forces and mechanisms within the market order.

Human rationality and cognition are limited; effective resource allocation can only occur through market exchange and price mechanisms, which leads to economic prosperity and the advancement of human society. Therefore, a free economic order, a free enterprise system, the freedom to innovate, the freedom to contract, and the freedom to trade are the unstoppable trends in human society.

An economic directive constructed according to theoretical concepts and the blueprint of an ideal society replaces the free market price mechanism for resource allocation, meticulously directing individual economic activities down to the smallest detail, completely exceeding everyone's experience. The result is often counterproductive, leading not only to economic inefficiency but even dragging the entire social economy into an irretrievable abyss.

The vitality of the market comes from free competition, not from directives. The emergence of "country lanes" gives us insight. Initially, there were no paths in the fields; everyone passing through would take the route they deemed best. Once a route has been traveled by someone, others are more likely to adopt it, although later travelers may choose their preferred new routes. As more people use it, a path will emerge in the fields that is repeatedly adopted, becoming clearer over time, ultimately forming the country lane we see.

Hayek explained that the formation of the country lane is certainly the result of conscious choices by individuals, but it is formed by many individuals choosing separately and then naturally aggregating. It is not consciously designed by any authority, nor has it undergone collective deliberation and planning. This path gradually emerges from the choices of many individuals, resulting from natural evolution.

The insight that "country lanes" provide to the market is that even without any comprehensive organization or rational planning, and without any coercive intervention from regulators, order can spontaneously arise. This spontaneous order has a distinct advantage: there is no coercion throughout the entire process of establishing order, nor does it harm any individual.

Ironically, once the country lane is formed, there will be managers who believe that the lane is not straight enough or wide enough, which is detrimental to people's travel. Thus, they go to great lengths to hold meetings and make decisions to organize manpower and resources to widen and improve it, intervening in management so that everyone uses this path. In the process of management, a large number of vested interests related to this "country lane" will be created, whether they are economic beneficiaries or career beneficiaries, and they will be eager to hire economists and sociologists to justify the "rationality" and "public interest" of their existence and actions.

In the past, people on this path each walked their own way, without interfering with each other, and it was unheard of for the first person to walk this path to come back and say, "This is my path" or "Charge a toll." But now, if there is a small stone that hurts someone's foot or the ground is wet and soaks someone's shoes, the thought is always: this should be managed by a certain department, and that should also be managed by a certain department.

For ordinary people, it is difficult to understand that when a market is overly regulated, it may completely lose its immunity. On one hand, regulators believe it is necessary. On the other hand, people show a demand for it. As a result, regulation will expand endogenously, becoming increasingly severe. Market regulation leads to a large number of short-term behaviors and opportunistic behaviors, making it difficult to maintain credibility. If everyone lacks credibility, someone will step forward to say that order needs to be maintained by regulators. This means that regulators are actually creating demand for themselves.

They killed the cat, and as a result, the mice ran rampant. Then, they pretended to learn how to meow to scare the mice. Unfortunately, the mice only multiplied, so they kept increasing the number of people who learned to meow. Thus, after eliminating the most important force that maintains market competition and order, their own power continues to expand endogenously.

If we compare the cat to market competition, it would naturally eliminate the mice. Unfortunately, managed economic activities have eradicated the cat, and people have become accustomed to dogs catching mice. After the transition, the cat has not had time to reproduce, and the mice have increased, but people mistakenly believe that there are too few dogs, so they call for further breeding of dogs. However, with too many dogs, the cat cannot survive.

During the planned economy period, many departments were established to eliminate the market and replace it. These departments transformed during the transition period and reappeared as regulators of the market, but their power did not diminish. As a result, regulating the market itself may become the greatest harm to the market.

After regulators eliminate the self-sustaining forces and mechanisms within the market order, they will continuously create demand for themselves. The introduction and strengthening of regulation will form a vicious cycle. The more you regulate, the worse the credibility in society becomes, leading to more deception and fraud, which in turn compels you to further strengthen regulation, continuously increasing artificial and super-economic means.

Originally, you could eat normally and sustain your life, but now someone tells you that you are sick, and it must be because you haven't eaten well. They block your mouth and give you glucose instead. Then, they keep giving you IV drips, and you find your body getting weaker and weaker, but they believe that the glucose is still too little and should be increased, continuing until you die.

The vitality of the market comes from free competition, while the recession of the market comes from chaotic governance. We must be vigilant against practices that perpetuate planned economic thinking in the name of "regulating the market."

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