@bob Encountering it made me think about some things more deeply (like the morality of taxation / the state), but in the end, I also think it's not coherent.
@lambadalambda Thing is, the state backs up with violence a lot of the supposedly "free trade" and "free contract" stuff which the Capitalists like to go on about. Without a state doing their dirty work the rich would have a much harder time living on their unearned income.
@bob @lambadalambda there are some parts of #ancap that i agree with, such as the Non-Aggression Principle, but, in general, i don't think free markets alone do enough to decentralize and distribute economic power. i do think markets are useful, but corporations are nearly as powerful and dangerous as governments.
@xj9 @bob mainly, I don't see how powerful corporations wouldn't evolve/devolve into a pseudo-state, mainly feudal on character. The NAP is a great moral ideal, but seems like a bad axiom for building a society.
@bsmall2 @lambadalambda @bob I don't see how that's the nature of free markets though, rather than the nature of government. The final, and most important, part of the article reads like mumbo-jumbo to me. Government is not regulating me to be an employee, the human tendency to value stability over risk is.
@bsmall2 I buy that taxes are for funding militaries and that vertical corporations are planned economies, but I don't see how that relates to the idea that government regulates and enforces free trade into existence, other than by enforcing voluntary contractual obligations.
Full context: """ In his book on globalization, The Lexus and the Olive Tree, Friedman says, and I quote, "The hidden hand of the market will never work without the hidden fist. McDonalds cannot flourish without McDonnell Douglas...and the hidden fist that keeps the world safe for Silicon Valley's technologies to flourish is called the U.S. Army, Air Force, Navy, and Marine Corps." """
@bsmall2 @lambadalambda @bob @dbrz @sonyam @xj9 Yes, ok, the government creates the free market in places outside its jurisdiction by bringing other governments to heel, but what it forces them to do isn't to regulate the free market into existance, but to stop keeping it from existing.
@clacke @bsmall2 @bob @xj9 @sonyam @dbrz Graeber argues the opposite (i.e. that there are no markets without governments) rather successfully. Read the book :)
@lambadalambda @bsmall2 @bob @xj9 @sonyam @dbrz I've heard the book mentioned before and it seems even more interesting now, plus it's available online for free. I will probably read it at some point. It's been bumped in the to-read list.
I want to read the Adam Smith books "Wealth of Nations" at some point. I just finished listening to the BBC "In Our Time" podcast on "Wealth of Nations": http://www.bbc.co.uk/programmes/b052ln55 (yes, I'm over a year behind in my !podcasting listening)
@bsmall2 @lambadalambda @bob I read "The Garlic Ballads", but I think I didn't finish it. Reading all his vivid scenes of disgust became too exhausting.
@bsmall2 @lambadalambda @bob "At the time no fewer than four separate currencies circulated in Northeast Gaomi, their strength and fluctuating value determined by the power of the issuing authority. Currency backed by military force constituted the greatest exploitation of the people, and Granddad was able to finance… by relying on this sort of concealed tyranny."
@lambadalambda @bsmall2 @bob The various military currencies in Civil War China have a lot in common with https://en.wikipedia.org/wiki/Confederate_States_dollar , the war bonds emitted in support of the American Revolution and the Chinese Republic currency that Sun Yat-Sen sold in advance to fund the 1911 revolution.
@lambadalambda @bsmall2 @bob There is surprisingly no note of the evangelizing and fundraising activities of Dr. Sun on Wikipedia, neither on his page nor those of the various societies he joined or founded.
I learned about it at the Sun Yat-Set Museum in Hong Kong. There are many fascinating stories there.