“The only ‘fair’ is laissez-faire, always and forever.” ― Dmitri Brooksfield

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Cake day: June 12th, 2023

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  • If the person renting a home stops paying, the landlord will use force to evict the person.

    In this case, the force applied by the landlord is legimitate because the tenant is not performing their contractual obligations over the property of the landlord.

    You didn’t pay taxes? Here, lemme force you to stay in prison for a while, also here’s a fine on top of that.

    There is no contract between the government and citizen that legitimize the violence of the state. Any theory of a “social contract” will be unilateral by nature. Actually, the state itself is a threat to the Non-Agression Principle.

    Not all contracts are voluntary and, more importantly, the workers are almost always the weaker party when it comes to negotiation.

    The asymmetries of power between both parties does not mean the contract is not voluntary. In fact, any government intervention in the labor market will make this situation worse, as these encourage poverty and harm those workers who are the less productive in the market.

    If you leave it to the market to “self-regulate”, you’ll just get feudalism 2.0, where companies become the new noble houses

    As long as private property is not violated by institutional coercion; as long as the system of prices is not manipulated by any government policy; as long as human action and his natural rights are respected: social cooperation through the division of labor will flourish, as voluntary exchange is the source of economic progress.

    Indeed, civilization itself is inconceivable in the absence of private property. Any encroachment on property results in loss of freedom and prosperity, as property is the only way to resolve conflicts by the existence of scarce resources.

    The market is a process, not an “equilibrium model”. It is not designed, but emerged from human action.

    Really, any sufficiently big company will act just like a govt, full of unnecessary bureaucracy

    The difference is that having market concentration does not mean being a monopoly. In fact, a monopoly is a government-grant privilege, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a market setting.

    The state can not have direct consumer feedback; it can not act economically. Instead, it collects taxes and spends them arbitrarily following interest groups.

    “In a market economy, the range of quality, quantity, and type of goods and services correspond to social needs. These goods are services that are valued by consumers, and hence, they will be provided if it is economically feasible to do so relative to other social priorities.”


  • lunatics that cry at taxation but orgasm at rent and profiting off others’ work.

    The former is only possible through institutional compulsion and coercion. The latter is through a voluntary contract that expresses the cooperation of both parties to work for each other, as they have a property interest in specific performance of the other.

    Denying this process of voluntary exchange is, implicitly, denying the free will of the tenant and worker.







  • Is there a more victemless crime than hording something limited

    There is no victim because the scalpers would hold their private property, owned by legit means, that is, buying that limited good by voluntary exchange.

    forcing the actual intended customer to buy mine for way more money so i can profit off their misfortune?

    The scalpers are not forcing anybody to buy their property. In fact, they’re doing a societal good by helping those customers who value that good more.

    To illustrate this, imagine that a famous singer is going to be in a recital with a capacity of 50.000 people and that the ticket’s price is $70. There are, too, 120.000 people willing to buy that ticket, being $70 the minimum price.

    1. We’d need to understand that human beings are different and varied by nature. Except for a few innate needs, like hunger and temperature, each one of us has different ends, different ways of how to attain an end, and different order of priorities for various goals.

    2. An object is valuable only because there is at least one human being who believes that this object can help satisfy their subjective ends.

    Now, if different human beings can have a different priority to one end (going to the recital), the economic value of that object (the ticket) that attains that end depends on how much the individual wants to satisfy their end. Being informal, we could say that the highest your priority is, the more valuable the object is to you.

    1. The scalpers, like any entrepreneur, analyze the market to see if they can make a profit. By supply and demand, we can easily see that the supply of tickets is way less than the demand for them, so “they exist” because the equilibrium price was not reached yet in the first place.

    As we said before, there would be fans who value going to the recital more, so they would be willing to buy that ticket at a higher price. By consequence, the scalpers don’t create an artificial demand, because the fans would have a different order of priorities for that end, as value is subjective to each individual.

    1. The scalpers can make a profit because of those fans. There’s no “misfortune” because those fans who value going to the recital the most are actually being benefited by them.

    It’s true that the supplier is the one who sets the price, but the main factor of price determination is the evaluation of the consumer, as every one of them decides in his own context whether the price paid for a good betters their life and well-being.

    1. In addition, scalpers absorb the time risk associated with events. Their opportunity for profit is good for the fans because it ensures that tickets will be made available.

    Scalpers are hidden heroes at events. They take personal, financial, and legal risk in order to provide a critical service in the hopes of earning a profit from their labors. Many of the aspects of scalping that people decry are, in reality, a direct product of the prohibition placed on the service. The prohibition raises prices, reduces supply, and limits competition. In addition, in the absence of the prohibition of scalping, buyers would have legal recourse against unethical scalpers who sell counterfeit tickets.


  • But, all models and pandering aside, scalping is simple: Individual sellers have the ownership of a scarce economic good, and they willingly fork over ownership of the good to a willing buyer, at a price agreed upon by both (or all) parties to the transaction. As usual, state intervention in this case means that your property is not your property to do what you want with it.

    Is there a more victimless crime than scalping? Of course not. It is capitalism at its purest level. An event is sold out, you need a ticket and the scalper provides you one at a mutually agreed upon price. You don’t need to be Louis Rukeyser to understand the remarkable efficiency of this market.








  • You dont understand economics at all if you dont understand how all free markets naturally devolve into monopolies.

    I’m a “follower” of the Austrian School of Economics, although the idea that monopolies are government-grant privileges was first originated by the economists of the classical school (and they were right).

    Predatory pricing cannot be sustained over the long haul, and not even this should be regretted since it benefits the consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function.

    The definition of a monopoly by the idea of “monopoly price” has no effective meaning in free-market setting, which are not snapshots in time but processes of change.


  • You cant have a free market without a government enforcing anti monopoly laws.

    A free market is not free at all if the government is stepping in any voluntary exchange.

    The existence of “anti-monopoly” laws has caused more harm than good by protecting particular competitors, not competition. In fact, monopolies can only survive through government-grant privileges, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a free-market setting.

    “A market society needs no antitrust policy at all; indeed, the state is the very source of the remaining monopolies we see in education, law, courts, and other areas.”