View Full Version : Free Market Economy Question & Answers

Thursday, February 2nd, 2006, 08:53 PM
PJ: You obviously believe in unregulated commerce. But doesn’t that make it simple for Robber Barons and their monopolies to take over the world? Big corporations can do whatever they want, and we aren’t strong enough to resist.

Feeling anti-capitalist.

Feeling: You are afraid of a ghost story. The truth is that the only way any monopoly has ever endured has been through state force. Go look it up and see. Free markets destroy monopolies quite well. The stories you’ve heard are halftrue and selectively chosen for their emotional impact.

Now, let me let you in on the big secret: The real ‘means of production’ is not money and machines, as Marx thought, it is people. People create the machines, people operate the machines, people use the money. Money and machines are simply tools. It is the thinking man that is the real means of production. And ownership of this man is everywhere in the hands of a monopoly.

In virtually every place on this planet, a monopoly of rulers owns the production of the people. They take their percentage of all production, and make the rules of the producers’ lives. And, I should add, governments make possible the monopolies and sweetheart deals that you rightly despise. These are the real culprits, not the free market.

So, if my explanation is correct, then it is governments that are the sole owners of the means of production; each with their own territorial monopoly. Most everything bad that Marx attributed to the owner of the means of production, applies, not to business owners, but to the rulers who enforce financial sovereignty over a territory. Thus the true class warfare is not between men of varying degrees of wealth, but between the men who wish to control the lives and goods of others, and men who wish merely to be left alone to tend to their own lives.

PS: For those of you who study such things, Marx’s errant economic thought begins with a mistake in the Labor Theory of Value. It is not mere labor that adds value to land or material, it is intelligently-applied labor. It is not just the value of sweat, but the value of creativity and intelligence as well; the later generally being the more important part.

Source: A Lodging of Wayfaring Men, by Anonymous

Friday, February 3rd, 2006, 12:00 AM
it would seem that the anonymous author
of a lodging of wayfaring men (http://www.seanhastings.com/alowm.pdf)
has read capitalism: a treatise on economics by george reisman (http://www.capitalism.net/Capitalism/CAPITALISM%20Internet.pdf)
in addition to atlas shrugged (http://en.wikipedia.org/wiki/Atlas_Shrugged).