The Balkan tour of the Free Market Road Show started in Athens with Larry Reed, Cris Lingle, and Nikos Sotirakopulos. In the event moderated by Simon Sarevski, the guests spoke about liberty and character, the moral basis on which free markets operate, and the macroeconomic future that awaits us.
Larry Reed opened the event by explaining the connection between liberty and character and it translates into a prosperous society, pointing out how he knows of no nation that has lost its character and continued on the road to prosperity whilst keeping its liberty. Character is comprised of a few variables, one of which is courage. And a man of tremendous courage in a time when it was desperately needed was Nicholas Winton, the man who managed to save 669 children from the hands of the Nazis, days before the war started in Europe. You can find out more in the Power of Good, a documentary dedicated to his legacy.
After the lively discussion with the participants, Nikos Sotirakopoulos continued with his keynote on Identity politics and tribalism. Painting the picture of what transpired in politics, culture, and society at large, we got a better understanding of what has been happening in the past decades, how did we come to be so offended about everything, the birth of the cancel culture, and the culture wars that unfolded and the repercussions they have had and will have in the years to come in the political landscape. Nikos reminds us that nothing happens overnight tracing the root cause of the problems in the Marxist/socialist leanings of academia.
Living in the third year of the pandemic, Cris Lingle couldn’t leave out COVID-19 and what the political class and the elite have done to our society with a free pass. He emphasized the inconsistent policies that governments all over the world put us through, pointing out that those same policies taken by the liberal democracies would have been rightfully so-called authoritarian by the same governments the day before the pandemic had started. Furthermore, with all the money being printed and the bloated budgets that we have been witnessing in the past two years, what will be left for the governments to do when the real economic crisis hits, which will be sometimes soon, is the real scary scenario. What do you do when you are facing a new crisis, with so much of the money already being thrown into the economy with debt that cannot continue to grow? First, you tell the governing macroeconomists to change the faulty model and reconsider, because as knowledgeable as they might be, chances are they have been wrong, for quite some time now.
The evening ended with a discussion with the participants that made the event last 45 minutes more than it was planned, thus everybody had to continue the discussion over some food late in the night.