There is no such thing as "collateral damage", only murder.
- Arthur Silber
This is, exactly, the point.
R.D. Laing put it very concisely in Knots:
They are playing a game
They are playing at not playing a game
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Only when our ego-identities become wrapped up with some institutional abstraction – such as the state – can we be persuaded to invest our lives and the lives of our children in the collective madness of state action. We do not have such attitudes toward organizations with which we have more transitory relationships. If we find an accounting error in our bank statement, we would not find satisfaction in the proposition “the First National Bank, right or wrong.” Neither would we be inclined to wear a T-shirt that read “Disneyland: love it or leave it.”
You code 16 functions, what do you get?
another day older and deeper in debt.
Saint Linus don't you call me, cause I can't go,
I owe my soul to the company store.
When you see me pinging better step aside,
a lot of men didn't, their networks died.
One hack of iron, the other of steel,
if the syn flood don't get you, then the DDOS will.
In the same way, we could make a survey of all industries, and we should always find that producers, as such, have antisocial attitudes. "The merchant," says Montaigne, "prospers only by the extravagance of youth; the farmer, by the high cost of grain; the architect, by the decay of houses; officers of justice, by men's lawsuits and quarrels, Even the ministers of religion owe the honor and practice of their high calling to our death and our vices. No physician takes pleasure in the good health of even his friends; no soldier, in the peace of his country; and so it goes for the rest."
It follows that, if the secret wishes of each producer were realized, the world would speedily retrogress toward barbarism. The sail would take the place of steam, the oar would replace the sail, and it in turn would have to yield to the wagon, the latter to the mule, and the mule to the packman. Wool would ban cotton, cotton would ban wool, and so on, until the scarcity of all things made man himself disappear from the face of the earth.
Suppose for a moment that legislative power and executive authority were put at the disposal of the Mimerel Committee, and that each of the members of that association had the right to introduce and enact a favorite law. Is it very hard to imagine what sort of industrial code the public would be subjected to?
If we now turn to consider the immediate self-interest of the consumer, we shall find that it is in perfect harmony with the general interest, i.e., with what the well-being of mankind requires. When the buyer goes to the market, he wants to find it abundantly supplied. He wants the seasons to be propitious for all the crops; more and more wonderful inventions to bring a greater number of products and satisfactions within his reach; time and labor to be saved; distances to be wiped out; the spirit of peace and justice to permit lessening the burden of taxes; and tariff walls of every sort to fall. In all these respects, the immediate self-interest of the consumer follows a line parallel to that of the public interest. He may extend his secret wishes to fantastic or absurd lengths; yet they will not cease to be in conformity with the interests of his fellow man. He may wish that food and shelter, roof and hearth, education and morality, security and peace, strength and health, all be his without effort, without toil, and without limit, like the dust of the roads, the water of the stream, the air that surrounds us, and the sunlight that bathes us; and yet the realization of these wishes would in no way conflict with the good of society.
Perhaps people will say that, if these wishes were granted, the producer's labor would be more and more limited, and finally would cease for want of anything to occupy it. But why? Because, in this extreme hypothetical case, all imaginable wants and desires world be fully satisfied. Man, like the Almighty, would create all things by a simple act of volition. Will someone tell me what reason there would be, on this hypothesis, to deplore the end of industrial production?
I referred just now to an imaginary legislative assembly composed of businessmen, in which each member world have the power to enact a law expressing his secret wish in his capacity as a producer; and I said that the laws emanating from such an assembly would create a system of monopoly and put into practice the theory of scarcity.
In the same way, a Chamber of Deputies in which each member considered solely his immediate self-interest as a consumer would end by creating a system of free trade, repealing all restrictive laws, and removing all man-made commercial barriers—in short, by putting into practice the theory of abundance.
Hence, it follows that to consult solely the immediate self-interest of the producer is to have regard for an antisocial interest; whereas to consider as fundamental solely the immediate self-interest of the consumer is to take the general interest as the foundation of social policy.
Now, the result is that each man sees the immediate cause of his prosperity in the obstacle that he makes it his business to struggle against for the benefit of others. The larger the obstacle, the more important and more intensely felt it is, then the more his fellow men are disposed to pay him for having overcome it, that is, the readier they are to remove on his behalf the obstacles that stand in his way.
A physician, for instance, does not occupy himself with baking his own bread, making ins own instruments, or weaving or tailoring his own clothes. Others do these things for him, and, in return, he treats the diseases that afflict his patients. The more frequent, severe, and numerous these diseases are, the more willing people are—indeed, the more they are obliged—to work for his personal benefit. From his point of view, illness—which is a general obstacle to human well-being—is a cause of his individual well-being. All producers, with respect to their particular field of operation, reason in the same manner. The shipowner derives his profits from the obstacle called distance; the farmer, from that called hunger; the textile manufacturer, from that called cold; the teacher lives on ignorance; the jeweler, on vanity; the lawyer, on greed; the notary, on possible bad faith, just as the physician lives on the illnesses of mankind. It is therefore quite true that each profession has an immediate interest in the continuation, even the extension, of the particular obstacle that is the object of its efforts.
Let its go back to the thirteenth century. The men who then practiced the art of copying received for the service they performed a remuneration determined by the average rate of wages. Among these copyists, there was one who sought and discovered the means of multiplying rapidly copies of the same work. He invented printing.
At first, one man became rich, while many others were being impoverished. However marvelous this discovery was, one might, at first sight, have hesitated to decide whether it was harmful or beneficial. Apparently it was introducing into the world, as I have said, an element of limitless inequality. Gutenberg profited by his invention and employed his profits to extend its use indefinitely, until he had ruined all the copyists. As for the public, the consumers, they gained little, for Gutenberg was careful to lower the price of his books only just enough to undersell his rivals.
But God had the wisdom to introduce harmony not only into the movement of the spheres but also into the internal machinery of society. Hence, the economic advantages of this invention did not remain the exclusive possession of one individual, but instead became for all eternity the common inheritance of all mankind.
In time, the process became known. Gutenberg was no longer the only printer; others imitated him. Their profits at first were considerable. They were compensated very well for being in the vanguard of the imitators, and this extra compensation was necessary to attract them and to induce them to contribute to the great, approaching, final result. They earned a great deal, but they earned less than the inventor, for competition was beginning to operate. The price of books kept falling lower and lower, and the profits of imitators kept diminishing as the invention became less novel, that is, as imitation became less deserving of especial reward. Soon the new industry reached its normal state: the remuneration of printers no longer was exceptionally large, and, like that of scribes in earlier days, it was determined only by the average rate of wages. Thus, production itself became once more the measure of compensation. Yet the invention nonetheless constituted an advance; the saving of time, of labor, of effort to produce a given result, for a fixed number of copies, had nonetheless been realized. But how was this saving manifested? In the cheapness of books. And to whose profit? To the profit of the consumer, of society, of mankind. Printers, who henceforth had no exceptional merit, no longer received an exceptional remuneration. As men, as consumers, they doubtless shared in the advantages that the invention had conferred upon the community. But that was all. In so far as they were printers, in so far as they were producers, they had returned to the conditions that were customary for all the producers to the country. Society paid them for their labor, and not for the usefulness of the invention. That had become the common and freely available heritage of all mankind.
I confess that the wisdom and the beauty of these laws evoke my admiration and respect. In them I see Saint-Simonianism: To each according to his capacity; to each capacity according to its production. In them I see communism, that is to say, the tendency of goods to become the common heritage of men; but a Saint-Simonianism, a communism, regulated by infinite foresight, and in no way abandoned to the frailty, the passions, and the tyranny of men.
What I have said of printing can be said of all the tools of production, from the nail and the hammer to the locomotive and the electric telegraph. Society possesses all of them in having an abundance of consumers' goods; and it possesses them as gratuitous gifts, since their effect is to reduce the price of commodities; and all that part of the price that has been eliminated as a result of the contribution of inventions to production clearly makes the product to that extent free of charge.
In a temperate zone where coal and iron ore are at the surface, one need only stoop down to get them. At first, I readily agree, it is the inhabitants of the favored region who will profit from this lucky circumstance. But soon, as competition develops, the price of coal and iron ore will continue to fall until the gift of Nature is available free of charge to everyone, and human labor alone is remunerated in accordance with the average rate of wages.
Thus, as a result of the operation of the law of supply and demand, the gifts of Nature, like improvements in the processes of production, are—or continually tend to become—the common and gratuitous heritage of the consumers, the masses, mankind in general.
The theory whose outlines I have attempted to sketch in this chapter still stands in need of a great deal of development. I have considered it only in its bearing on the subject of free trade. But perhaps the attentive reader may have perceived in it the fertile seed that is destined, when it matures, to eradicate not only protectionism, but, along with it, Fourierism, Saint-Simonianism, communism, and all those schools of thought that aim at excluding the law of supply and demand from the governance of the world. From the point of view of the producer, competition doubtless often clashes with our immediate self-interest; but, if one considers the general aim of all labor, i.e., universal well-being—in a word, if one adopts the point of view of the consumer—one will find that competition plays the same role in the moral world as equilibrium does in the physical world. It is the basis of true communism, of true socialism, and of that equality of wealth and position so much desired in our day; and if so many sincere publicists and well-intentioned reformers demand arbitrary controls, it is because they do not understand free exchange.
I will add that in many ways direct welfare payments - giving money to people for doing nothing, is not nearly as bad as "make work" programs, corporate welfare, and unnecessary military hardware.
With welfare, money is taken from person A through taxes, to give to person B. So, the economic choices of A are diminished by that amount, and those of person B increased. There are strong economic and moral arguments against this; I am not defending it, though I don't fault the recipients.
But I'd rather a person be on public support than work at a manufacturing plant that produces tanks or aircraft that the military doesn't need, but that brings profits to the corporate contractor and "jobs" to a Congressional District. Not only is he making his living from other people's taxes, his job is actually doing the economy harm. How so? $10 billion spent on manufacturing unwanted and impractical tanks is $10 billion that could have been spent manufacturing computers, x-ray machines, surgical equipment, cars, homes, or other things that people actually want and need. If we paid his salary directly and let him sit at home all day, we'd be better off. Not as well off as if he manufactured something that a free market would demand, but better off nonetheless, because precious resources wouldn't be used for expensive boondoggles.
Government redistribution of incomes is bad, but government redistribution of capital is worse.
The truth is, profits are never self-sustaining, in a milieu of open finance. Under a "capitalist" finance system, sure, because capital funding is restricted to "proven winners" and those with connections.
But under an anarchist financial system, profit can never be more than a sporadic, unpredictable outbreak. As soon as a firm becomes profitable, people will finance competitors, reducing profits back toward the general rate of interest.
As more capital is accumulated, that general rate of interest falls near 0.
Marx saw this, but didn't quite understand it well enough to draw the right implications from it.
Schmidt hits on the head when he talks about "constrained curiosity". They are disciplined to have internalized the system to such an extent that they are free to "do what they want" -- because they have been so rigorously vetted by the system, in the first place, that employeers know that very few professionals are capable of framing a thought that is incompatible with the system they serve. So a journalist working for the New York Times is simply incapable of writing a story that doesn't support the status quo; by the time they are even considered for employment by the NYT their ideological credentials have been demonstrated a thousand times in a thousand ways; any ideologically incorrect thought that such a journalist presents is likely a transient misunderstanding of the desires of the NYT management and swiftly changed (and by that time, likely without even a twinge of remorse). Professionals are workers that the management, the employeers, the people in charge of the system, can trust.----------
That's a big difference and it explains why the education system is designed the way it is -- to eliminate so many from professional jobs. Most people can't do it. They might be able to turn off their consciousness and just do a job for eight or ten hours a day, just pass the time in thoughtless repetition of the job, but to be at work for eight or ten hours a day and to be thinking would draw their attention time and again to the strangeness of what it is they're doing. Get too many people like that together in an office, thinking but not thinking about the creative task at hand, and you're asking for a revolution. So people in these creative jobs, well, a different sort of compulsion is required. The non-professional worker the employeers can just compel through force (not just the stick to the head, but the slower but equally deadly unemployment); the professional worker has to be tricked into accepting their role in the system because their creativity and energy are needed in specific ways that different qualitatively from non-professional workers. Since most people lack the ideological discipline necessary to be professionals, well, you gotta get rid of them. Efficiently and in a way that doesn't reveal the ideological nature of the selection. Through the use of the "neutral" arbitrarion of education and professional credentials to create the illusion that when a student fails it's "their fault" -- because most people believe education is largely value free.----------
The book is explicit that most people actually learn the technical skills on the job -- the education and certification process is largely ideological; so, if every physicist on earth vanished today the technicians who set up the experiments, grad students, interested amateurs and the rest could largely pick up where the "professionals" left off with little trouble. For me this was an important piece of information, as well. I have long felt there is an arrogant bias in the professions concerning the depths of their knowledge, but often when talking with professionals I have felt sorta surprised about how little they know. Or, rather, they seem to know a great deal about a very narrow sub-set of a field and often lack what I'd consider to be the basics and often lack an ability to qualitatively describe what they're doing, or have done.
I mean, I've known for a while now that professionals aren't necessary for a field to continue and advance, and often a hinderance to it -- but only historically. The example I use is the massive glut medical knowledge that happened in Revolutionary France when all the learned aristocrats were thrown out of medical practice. The quality of medicine dramatically improved when the doctors were fired . . . or, y'know, executed 'cause it was Revolutionary France. There are other examples as well -- like the reason why 19th century German chemistry and physics was so much better than everyone else's was because Germany opened up their universities to the middle classes, letting a large number of people with different values into the system to its great benefit.
Let me make the point another way. If I were to walk into a room full of people and rob them at gun point, it's unlikely that I'd be able to convince them that now, after my crime, we should respect each others property rights and only engage in voluntary exchanges going forward. And even if I were to convince them, perhaps by gun point as well, they're not likely to be happy about it. Certainly, any moral case for establishing a free market that I attempted to make in that room under those circumstances would be sensibly rejected.
The Enrons, the Bechtels, the WorldComs and their champions in the Republican Party want free trade even less than the Steel Workers Unions and the Greenpeaces do. Why? Because markets are the only effective check on corporate greed, corporate excesses, corporate profits and corporate power. Being pro-business is not synonymous with being pro-markets; in fact, those two positions are diametrically opposed to each other.
I agree that fractional reserve banking in and of itself is not objectionable, from a (natural/common) legal standpoint. I.E. there's no reason to ban it legally.
On the other hand it is taking advantage of the gullible on some level. If the level of reserves is high enough that there is a reasonable chance that you will get your money back when you need it, it's not so
bad.
In some ways it's kind of a form of gambling.
The big problem is fractional reserve banking under a fiat currency, because under a fiat system, currency is relative, a kind of zero-sum game. Price levels float to adjust to the amount of currency in the economy because there's nothing to "check" the currency against.
As Big Bill Haywood sagely put it "For everyone who gets a dollar they didn't sweat for, there is someone who is sweating for a dollar they won't get". I think
he meant it in a different context, but it really applies amazingly well to the problem of a fiat currency economy.
For instance, if I get paid 5 "dollars" to do a certain amount of work on the free market, ostensibly I've created 5 dollars worth of value. (or no one would pay me that much) So everything evens out.
If I get paid 6 dollars, my extra bidding power is driving up the price of everything I spend it on, and everything the recievers spend it on, and so on.
Because there's only 5 dollars extra value in the economy, but 6 extra dollars.
Under a commodity-backed currency, these situations quickly correct themselves because someone somewhere will at least threaten to redeem their currency.
Libertarianism doesn't propose any plan for reorganizing government; it calls for the plan to be abandoned. It doesn't propose that market incentives be employed in the formulation of public policy; it rather hopes for a society in which there is no public policy as that term in usually understood.
The nation needed no Caesar, nor president, nor single will to bring about the blessings of liberty. Those blessings flow from liberty itself, which, as American essayist Benjamin Tucker wrote, is the mother, not the daughter of order. This principle was illustrated well during the whole of the Colonial Era and in the years before the Constitution.
There are many examples of this awful concession operating today. In policy circles, people use the word privatization to mean not the bowing out of government from a particular aspect of social and economic life, but merely the contracting out of statist priorities to politically connected private enterprise.
Indeed, the contracted-out state has become one of the most dangerous threats we face. A major part of the Iraq war has been undertaken by private groups working on behalf of government agencies. Republicans have warmed to the idea of contracting out major parts of the welfare state by putting formerly independent religious charities on the public payroll.
After the abysmal performance of FEMA after hurricane Katrina, many lawmakers suggested that Wal-Mart play a bigger role in crisis management. The assumption here is that nothing important is happening unless government somehow blesses the effort through a spending program that goes directly to a particular group or interest.
Time to wake up, time to grow up. We’re not children. We do not need to ask permission to live like sane, reasonable, thoughtful, compassionate human beings. We do not need to beg or bow or kneel. We do not need to look to government or to experts or to the rich and famous. Whatever we need, we can get it ourselves. Whatever we want to stop -- we can stop it ourselves. Whatever must be done, we can do it ourselves. We do not need them; we need each other. "
- Joe Carpenter
Our beliefs in equality, etc.. are not shared by them; they are the ruling class, and keenly aware of it. They are, I suspect, exactly like Jane Austen's gentry - sensitive to their standing among their own, but without guilt or compassion at all for the vast majority of the planet's population; everyone not at their level is weather, workhouse, rubbish and landscape.Well, what I think they are keenly aware of, and what the wisest amoing us have known, and what they are always trying to suppress, more than anything else is:
- Col. Chabert
" As an ethical system, anarcho-capitalism depends on the following assumptions, all of which are wrong:
1. The market is a neutral means for facilitating voluntary exchange, and so simply reflects the values of those entering into voluntary transactions.
2. People's values are adequately reflected in the exchanges they make within a market order.
3. Some non-controversial theory of property rights is possible that is able to make all possible voluntary exchanges into either market exchanges or simple verbal agreements (science, marriage, etc.)"
Large parts of the government and the "private" sector participate in the production and distribution of fear. (Beware: many of the people in the ostensibly private sector are in reality some sort of mercenary living ultimately at taxpayer expense. True government employment is much greater than officially reported [Light 1999; Higgs 2005a] .)
All such reports agree, however, that a crisis looms and that more such studies must be made in preparation for dealing with it. Hence a kind of Say's Law of the political economy of crisis: supply (of government-funded studies) creates its own demand (for government-funded studies).
Even absolute monarchs can get bored. The exercise of great power may become tedious and burdensome—underlings are always disturbing your serenity with questions about details; victims are always appealing for clemency, pardons, or exemptions from your rules. In wartime, however, rulers come alive.
Most of the books pointing out the just plain wrongness of pretending that corporations are “persons” are written by people who are considered to be on the “Left” politically. And their “solutions” to corporate dominance of the individual are so naïve as to be almost frightening - they seem to honestly believe that somehow “government” (the same government that is owned by corporations) can pass laws that will restore corporations to whatever proper place they might have in a society based on individual rights. They seem to be blissfully(?) unaware of what the Marxist-oriented writer Gabriel Kolko demonstrated in his 1967 book The Triumph of Conservatism: that government regulatory bodies inevitably become controlled by the very industries that they are supposed to be “regulating.”
I maintain that it is up to “Libertarians” to take the lead in questioning the corporate form of enterprise, and come up with "solutions" to restore economic power in America to its rightful practitioners: individual people.
So how about it, “Libertarians?”
Since the crux of the conflict is the term "New Libertarian," those interested in defending
the history of our movement against temporary and transient "rogue informational waves" can do so by the simple expedient of linking the term, from their own blogs and web sites, to sites more representative of its real, historical meaning than that of the "neolibertarian" journal.
Some examples:
"Samuel Edward Konkin III, 1947-2004," by Jeff Riggenbach, is a moving tribute to the life and work of the authentic New Libertarian.
"A Fannish Tribute to Samuel Edward Konkin III," by J. Neil Schulman, covers similar ground, with more emphasis put on the science fiction fandom interests and activities of the real New Libertarian.
LeftLibertarian is a Yahoo! Group created by the original New Libertarian.
And, of course, there's The New Libertarian Manifesto, the seminal explanatory work on SEK3's ideas.