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Okay, I'm having a discussion with a socialist/statist about the free market, monopoly, and anti-trust laws (repeal them!). I'm getting to the point where my austro-libertarian knowledge is incomplete. He says: It is a major financial commitment for a startup to stock and staff a store. As soon...
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First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...
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"No, we don't live in a purely capitalistic system. A purely capitalistic system is inherently doomed to self-destruction. See: A perfect capitalism: no monopolies, no unions, no special advantages. Every commodity sells at its true value (value is the amount of labor it takes to make a commodity...