Intro
Continuing on an observable pattern
of Economics, I will attempt to discredit all former Economists in favor of my
own personal theories. Like many other commonplace economic theories, Bastiat’s
Broken Window Theory has many different perceived meanings. I’m going to break
down these perceived meanings before looking more in depth into “a childish act
of vandalism”. Hope to see you at the bottom!
Detriment to society
From what I can gather, Bastiat was
implying that because the store owner (in his scenario) had to allocate
resources towards fixing the window, he was unable to use those same resources
for more economic pursuits. This brings forth an interesting dilemma in today’s
society. The act of vandalism is punishable by law, meaning an addition to the
responsibilities (or limiting of resources) to the vandal. In this view, the
vandal who has limited the shop keeper’s resources has their resources limited
as punishment. You might very well argue that those resources go to society. In
fact those fines could very well go to paying the judge, bailiff, and
facilities, but since they are so low, the bureaucracy ends up just eating
those fines.
Oopsidaisy
Another perceived meaning is that
the breaking of the window is accidental. If it was in fact accidental, why use
this theory to degrade a child? Today’s culture is all about babying your
children until you die. You should know that, because YOUR parents probably support
you in every aspect they can. In Bastiat’s day, Children had 12 – 15 hour work
days or apprenticeships between the ages of 7 and 16. If a 7 year old drops
glass and breaks it, it’s the event that was uneconomic, not the child. Bastiat’s
broken window theory has a way of putting blame onto this poor kid. The child
might be lashing out after having been worked really hard, or might have done
it accidentally. Not to mention that positive reinforcement of good behavior is
more effective than negative reinforcement of bad behavior.
Vandalism
Finally, many consider the broken
window to be an act of vandalism. In fact, Bastiat might very well be the
reason why vandalism is considered criminal mischief. Being a graffiti artist
myself, I object! Famed street artist, Banksy, presents the argument: what type
of criminal breaks and enters in order to leave something, not take? While many
people might still expect graffiti to peter off, I know better.
Graffiti is here to stay. Graffiti is
a learning experience. Graffiti is about building community. Graffiti is about
beautification. Graffiti is about respect. Graffiti is about claiming your
territory. Graffiti is about showing the overly rich that their buildings are
in our town, not the other way around. Graffiti isn’t about destruction of
property. Graffiti isn’t about fun. Graffiti isn’t a bad thing.
Conclusion
(Past) As with many other famous economic thought titans, Bastiat didn't have a bad point for his time. (Present) I'm just here to show people the modern day implications of his work. Don't listen to me if you don't want to, but utilization of logic and reason is the (future).
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