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  • Re: Before the Welfare State

    so long as there is no alternative on the market, firms productivity will suffer under monopoly and there will be even greater poverty. also from the book: The masters’ spokesmen maintained that economic and social evils were bound to follow any attempt to interfere with the labour market. Shortened working hours could only result in the triumph
    Posted to Economics Questions (Forum) by ravochol on Thu, Aug 5 2010
  • Re: Before the Welfare State

    "You can't reasonably use early 19th century England as an example of free markets." Really? If they weren't free markets, then what was? Laissez faire was official policy at the time, especially early in the century. Is your argument that "perfectly free" markets have never existed, and thus can never be criticized? That's
    Posted to Economics Questions (Forum) by ravochol on Thu, Aug 5 2010
  • Re: Before the Welfare State

    Laissez faire, no doubt. That doesn't mean that any person who is an Austrian economist would necessarily condone this type of behaviour. To condone means to regard or treat as acceptable. If you advocate doing nothing about something, and don't believe anything should be done about it, you are condoning it, regardless of whether you dislike
    Posted to Economics Questions (Forum) by ravochol on Tue, Aug 3 2010
  • Re: Before the Welfare State

    Hahaha yeah, the book says later on that the Sadler committee was biased - they selected testimonies to highlight some of the worst examples. And so what? The worst cases should be highlighted, they're terrible! Also, the context is evidenct from the testimonies - an environment where a factory owner can work a 9 year old child 12 hours a day, nonstop
    Posted to Economics Questions (Forum) by ravochol on Tue, Aug 3 2010
  • Before the Welfare State

    [the following is an excerpt from "Before the Welfare State," by Ursula R. Q. Henriques, 1979. The following is summarized testimony to Michael Sadler's select committee in the House of Commons, UK, 1832:] There were many complaints of ill-treatment [in the factories]. Sometimes overlookers were blamed, while the master was a remote figure
    Posted to Economics Questions (Forum) by ravochol on Tue, Aug 3 2010
  • Re: What praxeological precept(s) confirm anarchism over minarchism in providing for societal economic health AND societal security from external threats?

    @ retopper, heh, well I enjoyed the thread. The only thing I'd ask is why, if 20% GDP in taxes is ideal, do we have 40%, as you say? Or, more broadly, if liberal democracy works as well as you say, why are there also large problems in its actual manifestation? Either you must deny the problems or suggest an improvement to the structure to be consistent
    Posted to Political Theory (Forum) by ravochol on Mon, Aug 2 2010
  • Re: Where did the state come from?

    The modern state and the modern market are basically opposite sides of the same coin. The modern market is a creation of the state - free market systems are always created by forcefully destroying non-market indigenous community traditions. In the U.S., for example, we have a market system because the U.S. cavalry killed all the (non-market society
    Posted to History (Forum) by ravochol on Mon, Aug 2 2010
  • Re: My Objection to the Income Tax

    Speaking or moral issues, there's an article in Bloomberg today which estimates that there are about 19 million vacant housing units in the U.S. , while an estimate by the National Alliance to End Homelessness estimates that there are about 750,000 homeless people in America. That's more than 25 empty houses for every single homeless person
    Posted to General (Forum) by ravochol on Tue, Jul 27 2010
  • Re: Can someone give me a robust argument in favor of free market healthcare

    I'm actually not opposed to government-funded health care, but at the same time, the government is the main reason why health care is so expensive. Government enforces the legal cartel of doctors, which limits the supply of health care providers. Consider the fact that only doctors are allowed write give prescriptions, despite the fact that pharmacists
    Posted to Economics Questions (Forum) by ravochol on Tue, Jul 27 2010
  • Question for an-caps

    SO if government interference in markets is illegitimate, then under anarcho-capitalism, what should happen to fortunes accumulated in part due to government interference in markets? Would crony capitalists keep their assets, or be forced to give them up? What should happen to government resources, for example? If free markets were suddenly instituted
    Posted to Economics Questions (Forum) by ravochol on Tue, Jul 27 2010
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