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Capitalism is Freedom


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2009 Dec 2, 2:35am   10,716 views  89 comments

by Peter P   ➕follow (2)   💰tip   ignore  

I came across this excellent article:

http://www.capmag.com/article.asp?ID=4399

The only economic system logically correlative to such political liberty was and is a free market. If men have a right to their own lives – and are not the chattel of state or church – including the right to pursue their own happiness, then it follows that they must possess the right to own the product of their intellectual and bodily effort, and to exchange their work and its products voluntarily for whatever other goods they desire. Capitalism is freedom – and this involves freedom of the marketplace fully as much as freedom of the mind.

There are a lot of different emotions going on in the world: healthcare, recession, war, climate change, etc. We must not get lost in the chaos and we must not forget that economic freedom is the only true freedom. We must resolutely reject soft moralism and take a stand. The only real propellant of human societies is, has always been, and will always be economic prosperity.

Evolution favors strength. In societies, economy is the source of strength. The only system that puts Evolution in the context of economy is Capitalism. Please support Free Market wherever it is attacked.

Beware of the following concepts:

  • Economic Justice - it leads to some form of communism
  • A better world - the world has no good or bad, it is all relative
  • Saving the planet - the planet will be here millions years after our extinction, people just want to save themselves

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75   Peter P   2009 Dec 8, 1:55am  

Mexifornia needs trade schools …. not welfare qualification junior colleges .. but, real trade schools.

Yep. If we care about job skills and global competitiveness, we really need to replace junior colleges with trade schools.

76   Peter P   2009 Dec 8, 2:02am  

4x...

Really? Shouldnt children be taken care of and not taken advantage of for cheap labor?

Children should never be forced to work against their will, but in many parts of the world, taking care of children means providing them with employment opportunities.

So, we should not show compassion or concern for those that are left out of the profits?

I think Free Market Utilitarianism is a viable moral system. It may not display much compassion, but I believe the end result will have exactly the same qualities and values that compassion strives for.

77   Peter P   2009 Dec 8, 2:04am  

Whether wealth is a zero-sum game depends on your perspective and your value system.

Today the world posesses billions upon billions of times more wealth as it did a thousand years ago.

Then Zimbabwe must be the fastest growing economy in the world.

78   tatupu70   2009 Dec 8, 2:57am  

Peter P says

Whether wealth is a zero-sum game depends on your perspective and your value system.

No, it's not actually. The world is undeniably wealthier now than it was 20, 50 or 100 years ago. You can't even argue it. Factories are more efficient, farmers are more efficient, technology has improved many, many fold...

79   Peter P   2009 Dec 8, 7:25am  

The world is undeniably wealthier now than it was 20, 50 or 100 years ago.

100 ago, it was men exploiting men. Now, it is just the opposite, but it is the same thing.

Wealth is really about control. No amount of efficiency or productivity can change the dynamics of human societies.

80   Peter P   2009 Dec 8, 7:27am  

I much rather be a medieval king than a Star Trek peon.

81   Â¥   2009 Dec 8, 7:46am  

Peter P says

Wealth is really about control. No amount of efficiency or productivity can change the dynamics of human societies.

To the extent that wealth controls natural resources, I agree 100%. This is why I'd like to see very high unimproved commercial land value taxation and severance taxes on natural resources, to level the playing field for the less well off. This idea comes from Henry George, who over 100 years ago detested the (real) Socialists of his day.

I'd like to think the libertopian minarchy would actually work under this tax regime, since wealth would have to be put to actual work, not just engaged in naked rentierism as it is now.

82   Â¥   2009 Dec 8, 7:47am  

Peter P says

I much rather be a medieval king than a Star Trek peon.

That *really* fails Raws' "Veil of Ignorance" test LOL

83   nope   2009 Dec 8, 1:31pm  

Peter P says

Wealth is really about control. No amount of efficiency or productivity can change the dynamics of human societies.

Are you kidding me? You don't think human societies, as a whole, aren't better off than they were hundreds of years ago?

Yeah, most of Africa still sucks, but in most of the world we've eliminated slavery (real slavery, not the bullshit people are complaining about on this forum), democracy exists in more places than it does not, and on and on.

It's no coincidence that the poorest societies are the ones where you most commonly find despots. Whether freer societies create more wealth or more wealth creates freer societies is irrelevant, what's important is that the two go hand in hand.

84   Peter P   2009 Dec 8, 3:09pm  

Troy, I agree that land tax is much more fair and much less damaging than income tax.

85   Peter P   2009 Dec 8, 3:14pm  

You don’t think human societies, as a whole, aren’t better off than they were hundreds of years ago?

We have made a few superficial improvements but we are still human.

It’s no coincidence that the poorest societies are the ones where you most commonly find despots.

I think the poorest societies are also the least capitalistic. China is far from democratic but since its experiment with capitalism the people have become much wealthier.

I agree that economic freedom is very important, because a market must be given breathing room. Political "freedom" can become despotic without adequate regulation of democracy. This is why the Constitution was draft to protect the people from the people.

86   Peter P   2009 Dec 8, 3:16pm  

Real slavery? I guess people used to be literally eaten alive by cannibals. Now, they are merely figuratively eaten alive by banksters. Progress huh?

87   kentm   2009 Dec 8, 3:41pm  

Here's an article all the freedom lovers (tm) may find interesting:

"In Search of Morale, Are Americans Too Broken for the Truth to Set Us Free?"

http://www.informationclearinghouse.info/article24126.htm

-

"It’s no coincidence that the poorest societies are the ones where you most commonly find despots. Whether freer societies create more wealth or more wealth creates freer societies is irrelevant, what’s important is that the two go hand in hand."

Kevin, its no coincidence that the poorest societies, the ones where you most commonly find despots, are almost universally the ones who are suffering under having to recover from being systematically destroyed by the 'freer' societies in search of wealth, and you'll usually find that many of the despots have been set up and supported by outside societies in order to continue the pillaging. You should read a bit about what the Dutch did for gems in africa, or what the Spanish did to South America, and there are many examples closer to home if you care to look. The thing that tweaks me about your line of thinking is how conveniently bereft of context and history it is. There is no cause and effect, there's only what we have currently. Its basically the FYIGM argument.

88   nope   2009 Dec 8, 6:26pm  

kentm says

Kevin, its no coincidence that the poorest societies, the ones where you most commonly find despots, are almost universally the ones who are suffering under having to recover from being systematically destroyed by the ‘freer’ societies in search of wealth, and you’ll usually find that many of the despots have been set up and supported by outside societies in order to continue the pillaging. You should read a bit about what the Dutch did for gems in africa, or what the Spanish did to South America, and there are many examples closer to home if you care to look. The thing that tweaks me about your line of thinking is how conveniently bereft of context and history it is. There is no cause and effect, there’s only what we have currently. Its basically the FYIGM argument.

Not every despotic regime is the result of first-world plundering, nor is every country that is the product of first-world plundering a despotic regime.

...but that's not even the point I was making. I know it's fun to throw our hands in the air and pretend like we can ignore real solutions to poverty by complaining about how europe screwed up so much of the world, but it has very little to do with the simple correlation of which I spoke.

89   nope   2009 Dec 9, 12:53am  

Peter P says

We have made a few superficial improvements but we are still human.

Superficial improvements? Are you fucking kidding me? It used to be the *NORM* for powerful people in a society to be allowed to murder, rape, and otherwise injure the lower classes with impunity. We used to allow human beings to be bought and sold as property. Most people lived in a constant state of warfare (think Afghanistan or sub-saharan africa today -- only everywhere).

Yes, we've come a long way. As good as it makes people feel to bitch about whatever petty problems that they face today ("oh no taxes" "oh no unemployment" "oh no my 401kaaaaaay"), it's immeasurably better today.

Could we still use improving? Absolutely, and we always will. If you honestly think things are bad as long as we're human, you may as well just kill yourself now.

Peter P says

I think the poorest societies are also the least capitalistic.

One has little to do with the other. India and China are comparably wealthy (with china perhaps slightly ahead), but they have very different levels of capitalism. There aren't a whole lot of "capitalistic" third word cesspools because those places tend to not have any economy at all. You can't have capitalism without a strong, stable government to protect it.

Peter P says

Real slavery? I guess people used to be literally eaten alive by cannibals. Now, they are merely figuratively eaten alive by banksters. Progress huh?

Anyone who refers to taxation as slavery is being just as stupid as people who compare health care to genocide.

No, comparing anything that we have to deal with today to the hardships endured by slaves is so far from being a rational argument that it's not even really worth debating.

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