MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Free-Market’

“Capitalism Has Failed”

Posted by M. C. on March 27, 2024

by Jeff Thomas

Whenever I’m confronted with this now oft-stated comment, my first question to the person offering it is, “Have you ever lived in a capitalist country?” That is, “Have you ever lived in a country in which, during your lifetime, a free-market system dominated?”

Most people seem initially confused by this question,

In recognizing the traditional definition of fascism, there can be no doubt that fascism is the driving force behind the economies of North America and Europe.

Today, more than at any time previously, Westerners are justifying a move toward collectivist thinking with the phrase, “Capitalism has failed.”

In response to this, conservative thinkers offer a knee-jerk reaction that collectivism has also had a dismal record of performance. Neither group tends to gain any ground with the other group, but over time, the West is moving inexorably in the collectivist direction.

As I see it, liberals are putting forward what appears on the surface to be a legitimate criticism, and conservatives are countering it with the apology that, yes, capitalism is failing, but collectivism is worse.

Unfortunately, what we’re seeing here is not classical logic, as Aristotle would have endorsed, but emotionalism that ignores the principles of logic.

If we’re to follow the rules of logical discussion, we begin with the statement that capitalism has failed and, instead of treating it as a given, we examine whether the statement is correct. Only if it proves correct can we build further suppositions upon it.

Whenever I’m confronted with this now oft-stated comment, my first question to the person offering it is, “Have you ever lived in a capitalist country?” That is, “Have you ever lived in a country in which, during your lifetime, a free-market system dominated?”

Most people seem initially confused by this question, as they’re residents of either a European country or a North American country and operate under the assumption that the system in which they live is a capitalist one.

So, let’s examine that assumption.

A capitalist, or “free market,” system is one in which the prices of goods and services are determined by consumers and the open market, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

Today, none of the major (larger) countries in what was once referred to as the “free world” bear any resemblance to this definition. Each of these countries is rife with laws, regulations, and a plethora of regulatory bodies whose very purpose is to restrict the freedom of voluntary commerce. Every year, more laws are passed to restrict free enterprise even more.

Equally as bad is the fact that, in these same countries, large corporations have become so powerful that, by contributing equally to the campaigns of each major political party, they’re able to demand rewards following the elections, that not only guarantee them funds from the public coffers, but protect them against any possible prosecution as a result of this form of bribery.

There’s a word for this form of governance, and it’s fascism.

Many people today, if asked to describe fascism, would refer to Mussolini, black boots, and tyranny. They would state with confidence that they, themselves, do not live under fascism. But, in fact, fascism is, by definition, a state in which joint rule by business and state exists. (Mussolini himself stated that fascism would better be called corporatism, for this reason.)

In recognizing the traditional definition of fascism, there can be no doubt that fascism is the driving force behind the economies of North America and Europe.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

No State Is Morally Fit to Spread Global “Freedom” | Mises Wire

Posted by M. C. on September 19, 2023

For it is not the function of any state, including the United States, to right the sins of the Decalogue, to spread fire and devastation in order to bring freedom around the globe—as we murdered countless Vietnamese in the name of their “freedom.” And, above all, we must realize that nuclear war is a far bigger threat to liberty than Communism. How’s that for libertarian “realism”?

In short, libertarians must realize that just as, for them, liberty must be the highest political end, in the same way, peace and the avoidance of mass murder must be the highest end of foreign policy.

https://mises.org/wire/no-state-morally-fit-spread-global-freedom

Murray N. Rothbard

[Philosopher] Eric Mack [in his article “Permissible Defense”] uses a device employed by all too many libertarians—of holding the ideal free-market anarchist system or a limited government as virtually equivalent to the current State-ridden system. Thus, he points out quite correctly that isolationism makes no sense as a principle for a free-market protective agency; he leaps from there to the conclusion that, at least for an anarchist, it cannot be a binding principle for the State either. But for an anarchist, the existing State is not a benign if a bit overly cumbersome surrogate for a free-market protection agency. The State is organized crime, murder, theft, and enslavement incarnate. And even for laissez-faire liberals the existing State should be tarred with the same dire labels.

Isolationism is not a principle for free-market defense agencies because there would be no nation-state and therefore no foreign policy for anyone to worry about. But we live, unfortunately, in a world of nation-states, in which each State has arrogated to itself a monopoly of the use of violence over its assumed territorial area. Therefore, to limit the aggressive use of the State, to limit State violence over innocent people as much as possible, the libertarian, be he an anarchist or a laissez-faire liberal, necessarily arrives at the view that at least each State should confine its operations to that area where it has a monopoly of violence, so that no interstate clashes, or, more importantly, injuries wreaked by State A on the population of State B, will be able to occur. The latter point is particularly important in the days of modern technology when it is virtually impossible for State A to fight State B without gravely injuring or murdering large numbers of civilian innocents on both sides.

Therefore, “isolationism”—the confinement of State violence to its own territory—is an important libertarian precept, whether for an anarchist or not. Limiting government to its own territory is the foreign-policy analogue of the domestic injunction of the laissez-faire liberal that the State not interfere with the lives of its own subjects. And isolationism becomes all the more important in our modern age of advanced technological weaponry.

There is an important philosophical error that Mack makes about free-market defense agencies that is quite relevant to our concerns. He maintains that if A uses B as an innocent shield to aggress against C, it is perfectly legitimate for C to shoot B. The problem here is that Mack forgets about the rights of B. Suppose, after all, that B has hired his own defense agency sworn to defend his life and property, and that, for some empirical reason, the agency can’t get to A; would it not then be perfectly legitimate for B or his agent to shoot C in self-defense? The answer, of course, is yes. The error committed by Mack is to concentrate on one person, C, and to worry about what C’s moral course of action may be, while forgetting about B. On a deeper level, Mack’s error—also engaged in by many others, of course—is to confuse morality and rights, that is, to be concerned about what actions of C may or may not be moral while ignoring what the rights are of the various parties in the given situation. To put it succinctly, it may well be that in the shield situation, it is moral for C to shoot B in order to save his own life; but even though moral, it is also murder, and a violation of B’s rights. This error stems from Mack’s unfortunate view that rights as such all disappear in emergency, “lifeboat” situations.

Thus, the political philosopher should not be concerned with morality per se; he should be concerned with that subset of morality dealing with rights.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , , , | Leave a Comment »

The USDA’s War on Small Farms | Mises Wire

Posted by M. C. on August 25, 2023

These regulations were not there to provide “safety” to consumers but rather to keep competition out of the marketplace by fiat. Rothbard states that the only meaningful definition of monopoly is an exclusive legal right granted by the state.

However, if the free-market USDA fails to stop an illness from arising, through their own inspection failures, they may lose their credibility with both consumers and the producers that pay them. Profit and loss provide greater incentives for success than a bureaucracy that theoretically cannot “go under.”

https://mises.org/wire/usdas-war-small-farms

David Brady, Jr.

Most students in America are introduced to the writings of Upton Sinclair. While they aren’t shown his incredible cover-up of the Holodomor or his other Soviet apologisms, they are presented with his most famous work: The Jungle. This work tells the tale of Sinclair’s investigation into the wretched working conditions of the meat-packers of its age. Between lost limbs and failed inspections, Sinclair writes about the meat being contaminated and barbarously prepared.

This tale is meant to show the supposed failures of laissez-faire capitalism, with its disregard for workers and health. Readers are supposed to walk away with a firm belief in the need for the regulation of these firms. Hurrah! Here comes the mighty state to provide safety to the masses that would otherwise be made sick by crony corporations. That’s far from the truth.

Murray Rothbard himself documents in The Progressive Era the truth of the United States Department of Agriculture (USDA) regulation. Rothbard observed that nearly every inspection passed in any form of legislature or bureaucracy was fueled by protectionism from existing firms. These regulations were not there to provide “safety” to consumers but rather to keep competition out of the marketplace by fiat. Rothbard states that the only meaningful definition of monopoly is an exclusive legal right granted by the state. Perhaps then, the only meaningful definition of so-called monopoly powers is a firm’s ability to push regulation that harms their competition through the state.

Even today, the USDA—and its regulations—threaten to crush small farmers under its heel. A small hobby farm, or even one that simply isn’t a factory farm, can hardly stand up to the regulations.

Meat processing in the United States must be done under the supervision of a USDA inspector if the goal is to sell the animal product to another person. A farmer cannot simply butcher his or her own animal, cut it into the usual meat products, and sell it at a farm stand. That would violate USDA regulations. Regardless of the ability of farmers to inspect and keep their own animals healthy or of their own skill in butchering livestock, they must have a USDA inspector to sell the product on the market.

This inspector is not provided, though, free of charge by the USDA through taxpayer dollars.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , , | Leave a Comment »

Rothbard: The Free-Market and Antigovernment Roots of the American Revolution

Posted by M. C. on July 8, 2023

The State, in short, was to be kept extremely small, with a very low, nearly negligible budget. The classical liberals never developed a theory of taxation, but every increase in a tax and every new kind of tax was fought bitterly — in America twice becoming the spark that led or almost led to the Revolution (the stamp tax, the tea tax).

By Murray N. Rothbard

Mises.org

Historians have long debated the precise causes of the American Revolution: Were they constitutional, economic, political, or ideological? We now realize that, being libertarians, the revolutionaries saw no conflict between moral and political rights on the one hand and economic freedom on the other. On the contrary, they perceived civil and moral liberty, political independence, and the freedom to trade and produce as all part of one unblemished system, what Adam Smith was to call, in the same year that the Declaration of Independence was written, the “obvious and simple system of natural liberty.”

The libertarian creed emerged from the “classical liberal” movements of the seventeenth and eighteenth centuries in the Western world, specifically, from the English Revolution of the seventeenth century. This radical libertarian movement, even though only partially successful in its birthplace, Great Britain, was still able to usher in the Industrial Revolution there by freeing industry and production from the strangling restrictions of State control and urban government-supported guilds. For the classical liberal movement was, throughout the Western world, a mighty libertarian “revolution” against what we might call the Old Order — the ancien régime which had dominated its subjects for centuries. This regime had, in the early modern period beginning in the sixteenth century, imposed an absolute central State and a king ruling by divine right on top of an older, restrictive web of feudal land monopolies and urban guild controls and restrictions. The result was a Europe stagnating under a crippling web of controls, taxes, and monopoly privileges to produce and sell conferred by central (and local) governments upon their favorite producers. This alliance of the new bureaucratic, war-making central State with privileged merchants — an alliance to be called “mercantilism” by later historians — and with a class of ruling feudal landlords constituted the Old Order against which the new movement of classical liberals and radicals arose and rebelled in the seventeenth and eighteenth centuries.

The object of the classical liberals was to bring about individual liberty in all of its interrelated aspects. In the economy, taxes were to be drastically reduced, controls and regulations eliminated, and human energy, enterprise, and markets set free to create and produce in exchanges that would benefit everyone and the mass of consumers. Entrepreneurs were to be free at last to compete, to develop, to create. The shackles of control were to be lifted from land, labor, and capital alike. Personal freedom and civil liberty were to be guaranteed against the depredations and tyranny of the king or his minions. Religion, the source of bloody wars for centuries when sects were battling for control of the State, was to be set free from State imposition or interference, so that all religions — or nonreligions — could coexist in peace. Peace, too, was the foreign policy credo of the new classical liberals; the age-old regime of imperial and State aggrandizement for power and pelf was to be replaced by a foreign policy of peace and free trade with all nations. And since war was seen as engendered by standing armies and navies, by military power always seeking expansion, these military establishments were to be replaced by voluntary local militia, by citizen-civilians who would only wish to fight in defense of their own particular homes and neighborhoods.

Thus, the well-known theme of “separation of Church and State” was but one of many interrelated motifs that could be summed up as “separation of the economy from the State,” “separation of speech and press from the State,” “separation of land from the State,” “separation of war and military affairs from the State,” indeed, the separation of the State from virtually everything.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Watch “The Case For A Free-Market Medical Care System” on YouTube

Posted by M. C. on September 3, 2021

Today’s guest on the Ron Paul Liberty Report is Murray Sabrin, author of a new book that describes why the current system of employer-based insurance and government programs such as Medicare, Medicaid, and Obamacare are financially untenable and yield less than optimal outcomes for patients. Find Murray Sabrin’s book on Amazon: Universal Medical Care from Conception to End of Life: The Case for A Single-Payer System https://www.amazon.com/Universal-Medi…

https://youtu.be/K6-SL-BMprQ

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »