The general results may, or may not, suit us better than those from freedom. Nevertheless, in three important respects the consequences of freedom have no small economic merit. The kinds of services desired are most likely to be forthcoming if demanders and suppliers are free to make the best deals possible. Efficiency in utilization will be encouraged. Nor will a man be denied work because his productivity does not come up to the lowest level of wage rate permitted by law, union-management agreement, or custom.
Economic progress requires that things be done differently.
Yet bureaucracy and the slow decision processes of legislatures get in the way of the change which makes up the very essence of economic progress. Perhaps the greatest contribution of freedom to economic productivity lies in the fruits of progress. Government will inevitably influence economic affairs extensively. One element of the essential intervention will deal with private market power. Let's hope that the results will be constructive.