Limits of Power
Most slaves performing most tasks were of course not paid, but were simply forced to work by the threat of punishment. That was sufficient for galley slaves or plantation slaves. But there were various kinds of work where that was not sufficient.
Tasks involving judgment or talents were different because no one can know how much judgment or talent someone else has. In short, knowledge is an inherent constraint on power. Payment can bring forth the knowledge or talent by giving those who have it an incentive to reveal it and to develop it….
The current leadership in Washington operates as if they can just set arbitrary goals, whether “affordable housing” or “universal health care” or anything else — and not concern themselves with the repercussions — since they have the power to simply force individuals, businesses, doctors or anyone else to knuckle under and follow their dictates.
Friedrich Hayek called this mindset “the road to serfdom.” But, even under serfdom and slavery, experience forced those with power to recognize the limits of their power.
