Crony capitalism is not free market capitalism

Started Jan 27, 2013 | Discussions thread
Airless
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Re: Crony capitalism is not free market capitalism
In reply to Jim, Jan 30, 2013

Jim wrote:

Airless wrote:

Jim wrote:

Airless wrote:

"...Anyone who is true proponent of the free market should really be an anarchist, but at a bare bones minimum they must at least be calling for the abolition of the federal reserve as an absolute top priority..."

Anarchy has nothing to do with a free market economy. Nothing functions when there's anarchy.

Jim

I don't think you know what anarchy is. Anarchy is merely the absence of monopolized control over a population by an aggressor state. Anarchy does not necessarily mean the complete absence of any institutionalized organization of society but in such a case all interactions between individuals and such institutions would be completely voluntary.

Interaction in capitalist economies are voluntary.

Taxation is not voluntary. Military service obligations (which many states have) are involuntary. Regulation of business practices by government regulatory monopolies is not voluntary. Devaluation of my currency due to government counterfeiting of fiat currency is not voluntary. There is no state-controlled economy that can even remotely pass for a true capitalist economy.

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