By Andy Duncan, Vice-Chairman of Mises UK
If a private security company closed down an airport for 24 hours and cancelled hundreds of flights because of a ‘drone’ threat, and then later discovered that its own drones were providing that threat, it would quite rightly be tossed out on its ear and lose its contract. Its CEO would probably be fired, several key employees would probably be fired, and the company would almost certainly face imminent bankruptcy and likely closure as other customers withdrew their custom. If the company was to survive such a self-imposed disaster, it would follow on from the result of a rapid and brutal reorganisation, similar to the punctuated equilibria of Darwinian evolution. (For instance, where fish become amphibians inside a rapid geological timeframe, perhaps because of a catastrophic drying of the planet caused by one of those regular instances of rapid solar heating.)
In this fictional Hoppe-World story, a more dynamic and better organised company would be brought in to provide a better security service, most likely for the same cost or lower. Because this is how the voluntary free market works. Service failure is constantly and often brutally punished, just as Darwinian evolution constantly and brutally punishes evolutionary dead ends. Spontaneous market evolution drives everyone’s businesses to provide better services and better products, as Schumpeter’s creative destruction process weeds out inefficient organisation and talentless bureaucracy and nourishes ever-more-efficient organisation and farsighted entrepreneurialism. Economic resources and people are constantly recycled in an ever-improving system that generates ever-better services and ever-better products for all of society. To assist with this process, technology constantly gets improved to provide better results for less cost. No oversight is required. If left alone, it all just happens. Naturally.
It is a beautiful thing. Just as the creatures generated by evolution are often beautiful.
So what will happen now back on Planet Socialist? What will the politicians do about the incompetent tax-eating police ruining tens of thousands of business trips and Christmas holidays? Alas, to ask the question is to know the answer. Nobody will be fired. Tax-provided resources will also most likely be increased to hopefully plug the gaps of the police’s stupidity. And it won’t work. Because this ‘reward of failure’ system specifically generates increasing failure. The police at Gatwick will become ever-more incompetent and ever-more expensive. We all know this to be true. This is the chaotic nature of coercive socialist organisation.
So what is the free market Hoppeian solution? Because of their utter incompetence, the tax-eating public police should be removed from Gatwick and replaced by a private security organisation that’s driven by internal motivations to provide a service that its customers actually like and want to renew year after year. Competition between private security agencies will keep their blades sharp.
Will this happen? Will the police get kicked out of Gatwick? Will a competent private security agency be brought in to take over from these idiots? Will any police officer get fired for this total utter failure? Be my guest. Guess.
Socialism is the essence of idiocy.