Insanity

There’s not much more unpopular than capitalism today.  That means, there’s not much more unpopular than the individual.  That means, there’s not much more unpopular than rights.  The state is a persistent violator of rights.  It’s conceptually impossible for the state to protect rights.  It’s then equally absurd that the state can somehow protect rights, and move us towards utopia.  Everything bad is charged to capitalism.  Everything good is credited to the state.

Friends of rights should support capitalism.  Nearly all would agree that one should not have violence initiated against them.  However, many won’t support this if their ideas are questioned.  The notion that freedom supposedly guides the west is absurd.  The exact opposite is true.  There are many contradictory notions that go on endlessly.  Everything but capitalism is doomed to failure.  The law of the market is inescapable.

The state can’t create jobs by spending.  It’s impossible.  Any job requires funding.  The state funds these jobs by first taking it away.  Either from coercion or counterfeiting.  That means the state destroys at least as many jobs as it claims to create.  The middleman will take his cut.  Not many will disagree that the state is less efficient than the market.  The state will destroy more jobs than it creates.

Wages can only be raised by capitalism.  Setting a minimum wage doesn’t do that. This will make those who have a marginal productivity value less than the minimum wage unemployable.  The state could print the money.  This will give the appearance of higher wages, but it’s only fictitious.  If they were really so kind as to raise wages, why do they stop at such a small amount?  Why can’t we all be paid like CEOs?

These myths are promoted by the state’s court intellectuals.  They want you to think they approach the issue as impartial.  They are very far from it.  They benefit in some way.  Contrary to the nonsense they push: rights can only be protected by capitalism, the state can’t create a single job, and wage rates rise from capital accumulation.  There are many more myths.  Private property is the only answer.

References

Ludwig von Mises; Socialism: An Economic and Sociological Analysis

Murray Rothbard; Power & Market