Earlier quoted context omitted.
Sorry to differ, I think this is twisted by an era where liberal market was held as god like status. Take the rubber and metal out because for now. To draw a dark line on a surface, you take the first bit of wood you find, grind it into a point and burn it. You have a pencil. I really believe that the free market centuries made people believe it was the only or most efficient way to get an object done, just like peop…
You’ve moved the goal posts. It’s not that the construction of some thing, anything, that can be used to write with is difficult. As you point out a piece of charcoal isn’t hard to make. Milton Friedman’s point is that even something as simple and inexpensive as a pencil involves people all over the world working together to create it. Some mine graphite, some run ships to move the graphite, some manufacture paint, s…
If you want a pencil that uses graphite and an eraser, that’s actually fairly easy to construct with the correct raw materials. A single person in the right location and with the right knowledge could have made a single pencil 1,000 years ago, though the pencil would not have been worth the effort. Further, they could not have made 100,000 of them where I could actually buy 100,000 pencils by being part of the modern economy.