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Posts Tagged → conserve

The beautiful power of a free market guitar

A lot of the recent discussion and reporting about the World Economic Forum in Davos, Switzerland, is how hard the participants there are trying to centralize decision making, to aggregate power into as few hands as possible, and to control the choices that individual people have available to them all around the world. This effort to concentrate power and decision making in the hands of elites runs opposite and directly against the democratic forms of government that many people around the globe have fought and died to achieve.

Places like India, France, Britain, Israel, South Korea, Sweden, Norway, Germany, Austria, Italy, Hungary, the Philippines, and of course my home country of America, have all offered their citizens a maximum amount of personal freedom and opportunity. People living there can make all kinds of choices about what they want to read, to say, to wear, to eat, what kind of job they want to try, what kinds of products they want to try and create and sell. And that last part, the creating and selling part, is really at the heart of democracy. Because free markets offer choices not just in economic spheres, but which naturally blend into our own personal lives.

When a person, you the reader here, for instance, feels personally fulfilled by fully following your natural talent and curiosity, and by fulfilling your creative spirit, often also followed by greatly improving your physical living conditions, then you become a maximally happy person. This pursuit of happiness is one of the main reasons that America exists, and it is enshrined in our Declaration of Independence. A nation filled with happy people is a miracle, because it is so rare in human history. So we see that free markets create the most happy, most fulfilled individuals, who are creative, educated, and opinionated.

And we also see with the WEF that the wealthiest people on Planet Earth are now scheming and trying to take that happiness away. The WEF people do not want “little people” individuals to make their own decisions. Instead, they want centralized decision making for all of us, by a very small number of ultra wealthy people. They do not support democracy or free choice or you having an opinion that threatens their power.

I want to share a neat related video with you. To me it is powerful because it touches on this subject of an individual who follows his dream to make the best guitars possible within the free markets that the world allows. He succeeds within the international guitar market, but because of a natural resource constraint – the almost complete loss of ebony trees, necessary for making guitar necks and frets – he takes a big risk, makes some big sacrifices, and ends up playing an even bigger and more positive role in the world.

Bob Taylor, of Taylor Guitars, uses careful market-driven management of rare ebony trees and their surrounding forests to create the conditions necessary for conserving the vast African rainforest jungle those trees grow in. When the local people no longer need to poach ebony trees to sell on the black market, they become protectors of the ebony trees. Economics and free markets keep ebony trees alive, and growing for the future, as well as the richly diverse jungle habitat in which ebony trees grow. This is powerful stuff only achievable by free markets.

The same dynamic is also at play with trophy hunting in Africa, where wealthy hunters pay much more to kill wild game than that same animal is worth as bush meat to the local populations. Because the locals get the meat from the trophy animal (99% of the trophy animal is immediately donated to locals, the hunter and the safari camp getting the other 1%) anyhow, and they also get the hunting and tourism-related jobs from the international visitors who want to see and hunt wildlife, the incentive shifts away from poaching and market hunting to the locals then protecting and conserving the wild game they once saw only as a meal. Again, powerful natural resource conservation as a direct result of free markets.

Long live free markets, personal choice, personal accountability, and personal reward for hard work and risk taking. May the World Economic Forum fail in its effort to end our choices and to make us “own nothing.”

Here is the Taylor Guitar video. I hope it speaks to you like it speaks to me.

(and here is the ten years later video, which is about ebony tree planting and husbandry)