Crusoe Economics

Property is essential to justice and economics.  It is impossible to come to a just decision without property.  Likewise, it is impossible to come to economic conclusions without property.  Essentially, without property, justice and economics is a disaster.  Any attempt to subvert property is to throw away justice and economics.   Property is not an idea nor a convention.   It is an eternal truth.  Ignorance is more dangerous than biological epidemics.

Property is not something that can be picked up midway.  We must start at the very beginning.  You own your own body.  Only you can directly control your body.  In order for another to control it, he must indirectly control you.  There is no way around this.  Property is inescapable.  Some may attempt to mask what they are doing with graphs, catchwords, etc., but property always exists.  If they are not explaining something without property, they are probably trying to subvert freedom.

If Crusoe is alone on his island, the concept of property does not come into question.  The concept of property only comes into question when a second person arrives on the island, Friday.  Crusoe is busy fishing so Friday collects berries.  Crusoe gave Friday a fish, because he was able to save, in return for berries.  Friday goes around the island and collects berries.  He does not pay Crusoe back for the fish he gave him.  Friday has stolen from Crusoe.

Crusoe has not saved any fish before Friday arrives.  Crusoe is busy fishing so Friday collects berries.  Crusoe gives Friday a fist full of sand that’s redeemable for one fish.  Crusoe wants berries in exchange for the fist full of sand, but Friday sees Crusoe doesn’t have a fish to exchange for the fist full of sand.  Why, this is the same as unbacked paper money.  Crusoe tells Friday he’s trying to stimulate the economy so they can survive more easily.  Friday won’t fall for this.  How many people have to be on the island for this to work?

Friday arrives on the island, but isn’t interested in doing what it takes to survive.  Crusoe is fishing.  Friday knows fishing isn’t available so he could collect berries.  However, Friday isn’t interested in this.  He decides to take half of the fish Crusoe catches.  Crusoe doesn’t like this, he’s getting robbed in perpetuity and they’ll probably die soon.  Friday tells Crusoe it will be good for their survival.  Is Crusoe clueless enough to believe this?  How many people have to be on the island for this to benefit their survival?

This is an example of man face to face with nature.  He, by himself, has to put his highest value first.  When the second man arrives, they have to work together.  Crusoe has been there longer so he has the advantage in fishing so Friday concentrates of picking berries.  Theft, useless sand money, and theft in perpetuity, won’t help their survival.  How many people have to be on the island for this nonsense to aid in their survival?  What will work?  Crusoe and Friday must work together, just like we must work together.