I was a young idealist when I first heard someone say that “truth and politics are like water and oil and do not make a good mix.”
Politics on today's national scene seem to be a good demonstration of this sapience.
Yet as a city planner and a planning consultant for many years, I found myself in the presence of many local politicians where the wisdom of “water and oil” also holds true.
Many sagacious citizens however are enthralled with “political-speak.” The various manipulations that attempt to form some reality often place us in a state where we we might even believe some of the conclusions that are present us.
Government although not a natural organism grows out of a need to give leadership to the group. In more primitive societies the leaders perhaps arise more naturally. Yet tribal leaders more often than not make themselves the leaders.
Perhaps it's the artificiality of leadership that generates the social service of “politics.” For each society must have rules to guide it.
Therefore our obsession with government power and human dominance has led to various levels of studies. Economics has grown out of our urge to study politics but includes more of what human beings do outside of the political arena as well.
Although society and politics govern what happens in the economic realm, during a period in time when “freedom” became an unrealistic obsession, someone invented the notion of “free market.”
The concept of free market does not work outside of legal circumstances and regulations. And who makes the laws? The politicians. Thus the early notion of “political economy.”
Although economics like political science attempts to find the the truth, it is not easy to find. The causes of the ups and downs of a free market are not easily discovered, therefore, we prefer to leave the free market alone to do its own thing.
It's when it comes to question of truth as to what is taking place that we attempt to mix it with politics. So the question comes up as to whether to regulate or not regulate? And what and how to regulate the “free market?”
But in our perception of a flat world, whatever we do, is not going to square in a spherical one.