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Why is capitalism better than mutualism?

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"Huh? The risk taken on by the capitalist is spread among the taxpayer in the situation described (guaranteed government bailout)."

And now you're almost saying what Fool and I are. Also notice, that the guaranteed government bailout does not go to the workers. Also notice, that the government has broken up more strikes than it has supported.

All of the sudden, capitalists are starting to look like the welfare queens.

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I don't know what you're talking about, dude.

Fool asked "why not have the government take on risk?" I said the government doesn't take on risk, it only spreads it around.

Some modern day capitalists are welfare queens, indeed. I agree.

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agisthos replied on Sun, Jul 24 2011 1:29 AM

A big proportion of todays largest companies and multinationals are welfare queens, only surviving by State enforced regulatory cartels and monopoly priviledge.
 

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whakaheke replied on Sun, Jul 24 2011 6:51 AM

"Capitalism" is a broken word. I have no idea what anyone means by "capitalism" in most contexts unless they explicitly define the term. I don't know what you mean by it.

"Mutualism" is a mishmash of bad, old ideas (muddled and pointless quasi-labor theory of economic value, confused armchair philosophizing on property, questionable predictions about mutual banks and free credit in a stateless society, a general partisan leftism and quasi-Marxist aesthetic, needless hostility toward other libertarians, lots of reverence for economically illiterate "anarchists" like Proudhon, etc.) put together singularly by the long-winded blogger Kevin Carson and thrown on top of the otherwise solid foundation of standard anti-statist libertarian premises. The only interesting things to come out of mutualism (read "Kevin Carson") are the empirical questions raised about net effects of state intervention on the internal organization of firms.

In terms of what they actually advocate regarding the state, mutualism and ancapism are idential: libertarian anti-statism. The only real difference is that mutualism throws in a few bad arguments and old economic confusions. So, I guess, David Friedman/Rothbard "[anarcho-]capitalism" is better than Kevin Carson/Proudhon "mutualism" to whatever degree they're actually different.

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agisthos replied on Sun, Jul 24 2011 8:49 AM

Stephan Kinsella has written about the core difference between Mutualism and what we here define as Capitalism.

For Mutualism, occupancy and use are the standard for establishing ownership of land, capital, property e.t.c

But we see the core reason behind property rights is to 'avoid conflicts over scarce resources'.

The question is not who has physical possession; it is who has ownership. Thus, asking who is the owner of a resource presupposes a distinction between ownership and possession - between the right to control, and actual control.

For this reason, the answer cannot be whoever has the resource or whoever is able to take it, is the owner. To hold such a view is to adopt a might makes right system where ownership collpases into possession.

Such a "system", far from avoiding conflict, makes conflict inevitable.


Apart from promoting a system that drastically reduces our ability to contractually exchange property titles, I do enjoy Kevin Carson and his blog.

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I'm not quite sure how capitalism avoids conflicts any more than Mutualism does.

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"Also notice, that the guaranteed government bailout does not go to the workers."

Depends on the case. The bailout of the auto companies, as best I can tell, went mainly to the workers--it prevented the auto union's pension funds from going bankrupt, while wiping out sizable claims against the companies by bondholders.

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Autolykos replied on Sun, Jul 24 2011 11:19 AM

Birthday Pony:
I'm not quite sure how capitalism avoids conflicts any more than Mutualism does.

Do you think mutualism ever avoids conflicts? Why or why not?

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Depends on the case. The bailout of the auto companies, as best I can tell, went mainly to the workers--it prevented the auto union's pension funds from going bankrupt, while wiping out sizable claims against the companies by bondholders.

OK, let's assume union pensions caused the auto companies to go bankrupt. As I understand it, the company agreed to pay the pensions through a contract. Thus, the union workers are the creditors and the company the debtors. What happens when one goes bankrupt and can no longer pay his creditors? Bankruptcy laws usually stipulate that the creditors are entitled to some of the debtor's assets. If this were applied in this case, it would mean that the union workers (along with maybe the bondholders you mention) would gain ownership of the company. So the effect of the bailout was not to save the company for its workers but for its owners. It was theft from the workers of what should be rightfully theirs.

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Let's be fair. GM laid off most of their workers first, and the state legislature in MI nullified a lot of union contracts. It hasn't been rainbows and sunshine for auto workers these days.

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agisthos replied on Mon, Jul 25 2011 2:51 AM

"I'm not quite sure how capitalism avoids conflicts any more than Mutualism does."

All forms of conflict revolve around disputes over scarce physical resources, whether your body (a scarce resource), or property.

That is why we go on and on and on about self-ownership and property-rights here. Because all disputes and conflicts are based on this and nothing else. Even disputes and disagreements about things like IP, just reduce into claims of ownership of scarce physical resources.

We think all that is needed for a just natural order arising - is a mutual agreement over property rights in bodies and physical goods. Nothing else. Mutualism and its emphasis on 'possession' as ownership leads to a condoning of violence and aggression as a means to aquire scarce physical resources.

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"Mutualism and its emphasis on 'possession' as ownership leads to a condoning of violence and aggression as a means to aquire scarce physical resources."

How? I find it silly to think that capitalism is somehow immune to relying on violence in the case of open conflict.

Let's not forget that capitalist property rights also serve to justify instances of violence when agression is made against someone or their property. If there are squatters in an abandoned building, does capitalism not rely on violence to evict them? Does capitalism not rely on violence in a case of trespassing where the trespasser refuses to leave? Does capitalism not rely on violence in instances of open conflict?

Imagine a group of hunter gatherers. They do not homestead most of the land on which they live and instead simply hunt is as it stands. If a capitalist decides to homestead the land, do they not rely on violence to remove the hunter gatherers? Or instead, as Mutualism would suggest, do the hunter gatherers have a legitimate claim to the land by virtue of the occupancy and use of it?

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agisthos replied on Mon, Jul 25 2011 4:20 AM

We have been around in circles about this before. The way to define 'norms', such as property rights and aggression are open to philosophical debate. The only thing I have come across that makes sense to me is Hans Hoppe argumentation ethics.

http://mises.org/daily/5322/Argumentation-Ethics-and-Liberty-A-Concise-Guide
http://www.anti-state.com/article.php?article_id=312

As for the hunter-gatherers, the definition of 'homesteading' is wide open. At what point does a piece of land became what you really use or something that you just roam over? Very difficulty to define, and a moot point, because except for parts of Africa human being are no longer Hunter-gatherers, and there is no more land to homestead. We have a system of parcelled out property titles, some fairly aquired, and some unfairly aquired.

The problem with Mutualism, occupancy and use, is that it infringes on the rights of fairly aquired property, while using an ethical justification that because 'others' have unfairly aquired stuff in the past, it is okay to do this to anybody. I just think it will lead to more chaos and violence. You do not obviously.

How about explaining to us here, how your prefered type of occ/use Anarchism, exactly differs from Mutualism? (we do realise there are different types of Mutualism as well)

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whakaheke replied on Mon, Jul 25 2011 5:11 AM

I like Kinsella, but his little critiques of mutualism were mostly unimpressive... because the proper answer to the mutualist use-occupancy-ownership silliness is empirical and economic analysis - not normative ethical theorizing, libertarian or mutualist or otherwise.

Almost universally among humans, from hunter-gatherers to civilized urbanites, the interpersonal criterion for perpetual ownership is first personal possession. I demonstrate this with reference to anthropology, psychological experiments, experimental economics, history, and economic theory in a tumblr post with fancy animations and stuff here:

http://whakahekeheke.tumblr.com/post/5894532751/a-brief-history-of-society-this-is-an-historical

Most interestingly, the work of child psychologist Ori Friedman at UWL has shown that young children definitively infer perpetual ownership from first possession. This is strong empirical confirmation of "the property instinct." Furthermore, hunter-gatherers and intermediary swidden horticulturalists - when they do make any property claims about land - assign perpetual land rights based on first possessionn or first use. Anthropologist Michael Dove at Yale has gone to exhaustive lengths trying to get this through to those who unduely project their political preconceptions (communalism etc.) onto such peoples. They had private property when they had property in something. If it was owned, it was owned according to the property instinct: perpetual private property based on first possession. 

Carson's proposed mutualist property system only actually differs from standard perpetual private property based on first possession in one way: he thinks the time until unoccupied property is considered abandoned should be shorter than it is now. This is mostly pointless armchair philosophizing about a non-issue. Abandonment criteria are determined by common law, not partisan moral theories. And it is very difficult (if not impossible) to predict the quantitative specifics of what common law abandonment will be in any region under stateless common law. We can make educated guesses about orders of magnitude based on what may yield the most socially efficient incentives. That's about it. It's counterproductive to get drawn into debates about what the precise rules of abandonment or what exactly should constitute use or possession in any case because those are not questions open to a priori theorizing. You can state the general rules and probable orders of magnitude and that's all you need. Conflicts will arise in practice and be sorted out on a case-by-case basis.

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"The problem with Mutualism, occupancy and use, is that it infringes on the rights of fairly aquired property,"

Only if you think capitalist property is "fair." So it seems like you're saying, "the problem with mutualism is that it makes capitalism seem unfair."

"while using an ethical justification that because 'others' have unfairly aquired stuff in the past, it is okay to do this to anybody."

What? The justification is that ownership is based on occ/use, so you own what you occupy or use, not that "well they took it from us, so we can steal from this unrelated person! AANNNAAARRRCCHHHYYYYY!"

"I just think it will lead to more chaos and violence."

I think more people have been killed for trespassing and squatting over the past ten years than in the entire history of factory expropriation. Not because I've done the numbers, but because I know of cases where folks were killed for trespassing or squatting, and I don't know of any police officers or capitalists being killed by workers occupying a factory.

"How about explaining to us here, how your prefered type of occ/use Anarchism, exactly differs from Mutualism?"

I'm not sure my personal preferences are too much different. I come from more of a syndicalist tradition than I do a theoretical one, and that's about it. And a lot of my theoretical position are heavily influenced by post-structuralists.

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agisthos replied on Mon, Jul 25 2011 2:38 PM

"Only if you think capitalist property is "fair." So it seems like you're saying, "the problem with mutualism is that it makes capitalism seem unfair."

By fair, I mean things like - exchanging my labor to aquire commodities such as money, then using that money in voluntary exchange with others to aquire land or physical goods.

If any of this is unfair, I would like you to elaborate on exactly why.

"What? The justification is that ownership is based on occ/use, so you own what you occupy or use, not that "well they took it from us, so we can steal from this unrelated person! AANNNAAARRRCCHHHYYYYY!"

You are just describing the physical action of aquiring ownership. When pressed for ethical justification, it came down to the fact that all land was previously stolen in past history, all capital was built up by exploitation e.t.c This was the ethical reason as to why accumulating property beyond immediate physical needs was not allowed/discouraged. This is why I believe your system of ethics views human interaction through a type of Marxian class bias.

Here we do not differentiate between (or apply different rules to) employers, employees, capitalists, managers, laborers - to us they are all individual actors engaging in voluntary exchange with one another.

Here we do not differentiate between (or apply different rules to) food, land, capital, property, clothing, factories - to us they are all scarce physical resources.

What attracted me to ancap / libertarians, is they have a more mechanistic system of ethics which avoids these class distinctions and wipes away a lot of conditioned bias.

http://whakahekeheke.tumblr.com/post/5894532751/a-brief-history-of-society-this-is-an-historical

Cal, that is a good post, and other intelligent ideas as well. A blog worth bookmarking.

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Any time I've pointed out that capitalism arose from violence was just to bring down this idea that capitalism somehow came about peacefully and through voluntary exchange.

I don't think that political and economic philosophy has to be tied in with a system of ethics. I maintain that ownership is derived from occupancy and use and that any claim beyond that must be backed by external force. The ethics of it doesn't matter to me.

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Do you think mutualism ever avoids conflicts? Why or why not?

Communist ideas are more about finding/creating conflict than solving it.  E.g.:

A business "funds" R&D only to the extent that it extorts work from its employees.

That is a great example of taking a relationship that is normally seen as mutually opportunistic and changing the interpretation to incite conflict between others.

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Carson's proposed mutualist property system only actually differs from standard perpetual private property based on first possession in one way: he thinks the time until unoccupied property is considered abandoned should be shorter than it is now. This is mostly pointless armchair philosophizing about a non-issue. Abandonment criteria are determined by common law, not partisan moral theories. And it is very difficult (if not impossible) to predict the quantitative specifics of what common law abandonment will be in any region under stateless common law. We can make educated guesses about orders of magnitude based on what may yield the most socially efficient incentives. That's about it. It's counterproductive to get drawn into debates about what the precise rules of abandonment or what exactly should constitute use or possession in any case because those are not questions open to a priori theorizing. You can state the general rules and probable orders of magnitude and that's all you need. Conflicts will arise in practice and be sorted out on a case-by-case basis.

 

I'll quote this to stress this.  LL's have to realize that moralizer's are just one small group of market adherents.  For them to focus on the ethics, and common law speculating is determental for them to get a real appreciation about what we are saying.  Speculation and morals lead to very confused languages, it is best to speak of universal languages and/or positive statements of consequences of actions.

To be honest, this is really starting to grate on me...I am comming to the conclusion that political labels in themselves ought be abolished as some confused language that says little of universal positive descriptions of reality.  I have been so frustrated by this if I get the time I may collect my scattered thoughts on it and write a paper on it, as it really is that frustrating.

"As in a kaleidoscope, the constellation of forces operating in the system as a whole is ever changing." - Ludwig Lachmann

"When A Man Dies A World Goes Out of Existence"  - GLS Shackle

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Autolykos replied on Thu, Jul 28 2011 7:50 AM

vive la insurrection:
I'll quote this to stress this.  LL's have to realize that moralizer's are just one small group of market adherents.  For them to focus on the ethics, and common law speculating is determental for them to get a real appreciation about what we are saying.  Speculation and morals lead to very confused languages, it is best to speak of universal languages and/or positive statements of consequences of actions.

Is there even such a thing as a "universal language"? What do you mean by "positive statements of consequences of actions"? Why should morality and ethics be ignored, in your view?

vive la insurrection:
To be honest, this is really starting to grate on me...I am comming to the conclusion that political labels in themselves ought be abolished as some confused language that says little of universal positive descriptions of reality.  I have been so frustrated by this if I get the time I may collect my scattered thoughts on it and write a paper on it, as it really is that frustrating.

Why hello there, tyrant.

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Is there even such a thing as a "universal language"?

If you do not think laws of economics hold water in some universally applicable sense, I don't understand why you are here. 

Other than that, when you seem to be in disagreement (?) with something you seem to have the habit of throwing out a question at every concievable point and as often as possible- which isn't even an argument it is just being contrarian.  And if the tactic is "clarifying" some point you disagree with until the person can no longer give a definition, you nihilize everything useful about language, and perhaps out skepticize your way out of the language you are trying to undermine, which is a form of nonsense.

If you have any questions about the preceding paragraph they will not be answered.  I need an argument or positive statement.

 

Why hello there, tyrant.

I am not the one who makes societal arguments and tries to assert them into reality based off of an imposition of nonsensical aesthetics, ethics, or non extant custom/culture/and legal theory. 

"As in a kaleidoscope, the constellation of forces operating in the system as a whole is ever changing." - Ludwig Lachmann

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Autolykos replied on Thu, Jul 28 2011 1:10 PM

vive la insurrection:
If you do not think laws of economics hold water in some universally applicable sense, I don't understand why you are here.

This doesn't explain to me exactly what you mean by "universal language". Please try again.

On another note, I don't see how everyone necessarily has the same semantics when it comes to economics or laws thereof.

vive la insurrection:
Other than that, when you seem to be in disagreement (?) with something you seem to have the habit of throwing out a question at every concievable point and as often as possible- which isn't even an argument it is just being contrarian.  And if the tactic is "clarifying" some point you disagree with until the person can no longer give a definition, you nihilize everything useful about language, and perhaps out skepticize your way out of the language you are trying to undermine, which is a form of nonsense.

I think this is certainly a straw man of how I actually debate and discuss things. As I've tried to explain to you in the past, I never ask questions to be contrarian. One reason I ask questions is to hopefully better understand where the other person is coming from. Why you have such a severe problem with that, to the point of refusing to answer any of my questions, is really beyond me even now. I can only surmise that you don't like being challenged on statements you've made. Your behavior above seems indicative of that to me, as it seems obvious to me that I hit quite a nerve with you.

Amazingly enough (to me), even though I've also explained to you that I'm not a nihilist or language skeptic, you continue to paint me as one. My understanding that semantics are arbitrary doesn't preclude any and all communication. Obviously, if semantics are arbitrary, what matters is intersubjective agreement on a given set of semantics.

Regardless, I'd certainly appreciate it if you could back up the claims you've made with evidence that you think is indicative of them. In other words, the burden of proof lies with you.

vive la insurrection:
If you have any questions about the preceding paragraph they will not be answered.  I need an argument or positive statement.

Just so you're aware (if you aren't already), I definitely don't consider myself bound by your debating standards.

vive la insurrection:
I am not the one who makes societal arguments and tries to assert them into reality based off of an imposition of nonsensical aesthetics, ethics, or non extant custom/culture/and legal theory.

But you are the one who's advocating a totalitarian position of banning all political labels. Otherwise, I don't really feel able to respond to the above because I have no idea what you mean by "[making] societal arguments and [trying] to assert them into reality [...]". If I had to hazard a guess, I'd say you're obliquely criticizing me looking at the world through a normative lens rather than through a descriptive lens. If I'm right about that, then I'll challenge you to prove that any normative ways of looking at the world are necessarily invalid and therefore should not be done. Note that, in order to do this, you'll need to somehow bridge the gap between "is" and "ought". Good luck with that.

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 Note that, in order to do this, you'll need to somehow bridge the gap between "is" and "ought". Good luck with that.

There is no "gap" only forces you engage with.   Everything you recognize is the imperative, how that turns to one person is strictly their affair. 

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But you are the one who's advocating a totalitarian position of banning all political labels

No, it is more like I am saying there is a grammatical error somewhere

"As in a kaleidoscope, the constellation of forces operating in the system as a whole is ever changing." - Ludwig Lachmann

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I hope I'm not the only one who doesn't understand you.

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All forms of conflict revolve around disputes over scarce physical resources, whether your body (a scarce resource), or property.

That is why we go on and on and on about self-ownership and property-rights here. Because all disputes and conflicts are based on this and nothing else. Even disputes and disagreements about things like IP, just reduce into claims of ownership of scarce physical resources.

But I think capitalist property rights often create scarce resources. Say there is only one tree and three boys who want to climb it. If one boy wants to climb the tree every Monday, another every Wednesday, and the third every Saturday, then the tree is not really a scarce resource under occupancy and use. But if the tree becomes the property of the first boy after he climbs it, the tree then becomes a scarce resource and conflicts arise.

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whakaheke replied on Sun, Jul 31 2011 2:34 AM

Fool, you could just as easily change that scenario so mutualist property rights do the same thing (which in either case is not "creating [natural] resources" or "creating scarcity" or anything along those nonsensical lines). Say there is only one tree and three boys who want to climb it. If one boy is climbing the tree on Monday and the other two boys want to climb the tree on Monday because they're busy the rest of the week or whatever, then the (daily?) use/occupancy criterion has just excluded boys #2 and #3 from being able to climb the tree and thus terrible conflicts arise.

But your scenario misses the significant point. Natural resources do exist and are scarce. The variable is allocation mechanism and the delineating-perpetual-property-rights-based-on-first-possession mechanism in general form (as is empirically near-universal in all human civilization and experimentally evidenced as instinctual in psychology - see "the property instinct") solves the commons problems that your proposed tree-sharing would not. It internalizes significant negative and positive externalities. And when such externalities become signficiant is when property rights are logically (and empirically) formed for any particular natural resource in the first place. See Coase, Demsetz, new institutional economics, etc etc. Delineated property rights in general form are extremely prevalent throughout all human history precisely because they are the most socially efficient means for allocating scarce natural resources. This includes norms of abandonment (perpetual does not mean forever) and there are special cases where the resource is not amenable to individual property rights and so you have other means of allocating them (pure public goods a la Ostrom, community spaces, family etc.) including potential daily sharing arrangements, but these are precisely the exceptions that prove the rule. There's no point in making ideological mutualist assertions about the universal preferability of sharing norms, much less possession-only ownership.

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Nothing about occ/use says that three people can't simultaneously climb a tree. Either way, stupid reductions like this rarely go to show what any property system means. They're just silly.
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whakaheke replied on Sun, Jul 31 2011 3:11 AM

If your proposed occ/use system can't deal with rivalrous resources, it's completely worthless on its face.

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I think it does. I don't know what FotH take is, but occ/use does deal with rivalrous resources. If you have a regular pattern of usage or occupancy then you own it, and you've got an exclsuive claim. If two people occupy or use something, they both own it and can settle disputes however they see fit. Common law from place to place can deal with what qualifies as abandonment.

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whakaheke replied on Sun, Jul 31 2011 3:52 AM

Some "regular pattern" of use/occ entails exclusive ownership rights in your particular mutualist system? You know that means there wil be the "absentee ownership" you guys bemoan all the time, right? What does "regular" mean here? Predictably repeated over time, right? And that minimum amount of time will be determined by relevant common law too, I assume. So the time from first posession until second may very well be significantly >0 while retaining exclusive ownership rights (and empirically it prettymuch always has been for logically predictable reasons), so you're really just talking about abandonment criteria.

Anyway so given that you're now talking about a "regular pattern" of use/occ rather than the active use/occ itself, there will be perpetual property rights (thus some non-active use/occ absentee ownership) which therefore must be practically communicated in some formal way suitable to common law in case of conflict (i.e. there will be titles to property). This means I can rent out my property between my regular uses (which will be = time until abandonment, practically speaking).

So you've got perpetual property rights, absentee ownership, titles, and rent. The only thing you're adding to standard human property rights is vague, confusing language and thoroughly confused economics.

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While abandonment is not clear, current use and occupancy is, in regards to absentee ownership. If I'm living in a house, I am clearly occupying the house. That's not iffy, and rent would not be justifiable.

What is unclear in all instances is what qualifies as abandonment. Walking to the grocery store and back is probably not. Leaving for ten years probably is. At what point is it abandonment? I don't really know for sure, and I'd say it goes case-by-case. But if someone moves in and I don't do anything about it, then as far as I'm concerned I've given up my house.

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"...given up my house in that instant that I fail to act," I should say. As opposed to adverse possession.

EDIT: Oy, well that's a bit metaphysical. While I stand by it, it's no good in any practical sense. Regardless, the whole rent thing stands.

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whakaheke replied on Sun, Jul 31 2011 4:17 AM

Right, that is exactly where Kevin Carson's pointless arguments ended up: it's all reducible to wanting to decrease the time until property is considered abandoned. That's dumb precisely because, as you point out, such things are determined in common law... and near-universally, empirically, in human common law (including stateless common law and customary law going back to hunter-gatherers), the time from first possession until abandonment has been significant and there is no reason to believe (or wish) that this will change in the future.

I mean... look at your own house thing. If you walk to the grocery store (gone for 30 minutes?), it's still your house. If you dissappear for many years, it might not be (especially if, as you posit, someone else has moved in and you "do nothing about that"). Prettymuch the same as interpersonal property rights in the Western world right now, in fact. You can't have a problem with the house owner renting out his house for, in particular, 30 minutes or 30 days or 30 years given you admit this is a matter for common law and dictating these time periods a priori is arbitrary and pointless. So... Do you want it be arbitrarily illegal to build and own two houses? Three? Ten? Will owning summer houses or renting out offices be arbitrarily illegal? Highly unlikely and a waste of time to advocate.

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You can't have a problem with the house owner renting out his house for, in particular, 30 minutes or 30 days or 30 years given you admit this is a matter for common law and dictating these time periods a priori is arbitrary and pointless. So... Do you want it be arbitrarily illegal to build and own two houses? Three? Ten? Will owning summer houses or renting out offices be arbitrarily illegal? Highly unlikely and a waste of time to advocate.

As I understand Mutualism, it's not illegal to "own" or rent ten houses. However, it is "illegal" to enforce tenants living in those houses to pay rent. Tenants are free to rent a house and pay rent. They're also free to violate that contract. Such contracts have no legal standing in Mutualism.

Wikiepedia defines scarcity thusly: "Scarcity is the fundamental economic problem of having seemingly unlimited human needs and wants, in a world of limited resources...goods are called free goods if they are desired but in such abundance that they are not scarce, such as air and seawater."

The boys in my example do not have unlimited needs (i.e. their needs do not exceed the tree's ability to satisfy them), so the resource is not scarce. It is a free good. If they all wanted to climb it every Monday, then yes it would be a scarce good. However, it would only be a scarce good on Monday. So any solution they come up with to manage the scarce good need only manage its use on Monday. Giving the tree to the first boy who climbs it on Monday will make it a scarce good for the rest of the week, preventing other boys from climbing it at other times. Thus, capitalism only solves the problem of scarcity in one instance by creating exponentially more of it in another.

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Top 150 Contributor
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Points 10,985

So Cal, way to ignore the whole anti-rent aspect of it.

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Top 75 Contributor
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This doesn't explain to me exactly what you mean by "universal language".

What Carl Menger speaks of when he talks of "exact laws"

"As in a kaleidoscope, the constellation of forces operating in the system as a whole is ever changing." - Ludwig Lachmann

"When A Man Dies A World Goes Out of Existence"  - GLS Shackle

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