In a comment to my post on the NAR’s most recent attempts to rape the taxpayers, Michael Cook set forth a number of subtle economic fallacies. I am not picking on Michael. He is simply repeating Marxist propaganda that is ubiquitous, more’s the pity. But I thought it were well to take these claims apart, to illustrate how these kinds of fallacious arguments are used to frustrate human liberty. I’m taking this to a separate post because the comments thread on the original post is already wildly off topic.
So: Start here, quoting from Michael’s comment:
The very capitalist machine everyone here loves was bolstered by the use of slaves.
This is simply false, not alone simply by definition. The first word in “free enterprise” is “free.” Transactions in a free economy are always mutually-voluntary. If someone is being coerced, what is occurring is a crime, not an honest trade. Every modern economy we can speak of is in some way a form of socialism — a criminal conspiracy harnessing the power of the state to advantage certain people at the expense of the others. Slavery is of a piece with this pattern, although it predates modern economies by many millennia. Moreover, it was the free enterprise that was suffered to exist under modern Rotarian Socialist governments that finally rid the civilized world of chattel slavery. To be fair, this miracle was effected not by a moral awakening but simply because slavery is a lot less efficient than is investing wisely in fixed and human capital. In any case, slavery and free enterprise are mutually-exclusive phenomena.
History is wrought with takings back to the Egyptians, Roman and Greeks.
The same fallacious argument repeated, only this time with respect to land and portable wealth. Theft happens, but theft is not wealth creation. Consumable portable wealth quite literally turns into shit in no time. Mineral wealth and baubles can retain their exchange value, but these are static values. It is not possible to cultivate stolen gold or rubies. And stolen land or livestock is only productive of future wealth by means of intelligent husbandry.
Neither of these crimes — Read more


