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Tag Archives: capitalism
The Freedom to Starve
It is typically conceded that a starving man is not free, and this marks the alleged defining flaw of a free market, the commoditization of labor. The contention is that the relationship between employers and employees is really no different … Continue reading
Posted in Commentary
Tagged anarchism, authority, capitalism, coercion, collectivism, counter-economics, direct action, economics, feature, government, libertarianism, liberty, market, Marry Ruwart, Mikhail Bakunin, mutual aid, natural rights, non-aggression principle, ostracism, regulation, the state, war
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Marx was Right (for the Wrong Reasons)
In Karl Marx’s and Frederick Engels’ early portrayal of communism, they envisioned an end to the artificial scarcity and economic turbulence they believed was set in place by the private ownership of capital. No longer would an individual be confined … Continue reading
Posted in Commentary
Tagged Adam Smith, anarchism, authority, capitalism, collectivism, economics, electoral politics, Federal Reserve, individualism, Karl Marx, money, taxes, the state, war
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The Social Functions of Profits
Profit seekers — those just after a quick buck — are often derided as being anti-social, as harmful to the interest of society at large. Common objections to profits themselves are that they are unearned, that they drive up prices … Continue reading
Posted in Commentary
Tagged capitalism, coercion, collectivism, economics, feature, foreign policy, intellectual property, Ludwig von Mises, market, the state
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How Wage Slavery Could be Abolished in a Free Market
In a previous post, I discussed why laborers do not receive wages commiserate of their contribution to the bottom line. I argued that the problem was not the fault of the market process. That is, it is not inherent in … Continue reading →