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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...
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Two questions: 1. Could anyone help me out by giving a better explanation of how "obscene" profits by oil companies actually help consumers at the pump and don't hurt them? I understand how higher profits equal more savings, which equal more investment, which equal more capital, which equal...
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I still don't quite see the point in switching to a 'gold standard' at all. Why not completely abolish the enforcement of a monopoly on any single currency, be that pure gold, gold-backed, silver, fiat etc? Why not just have open competing currencies and let the free-market decide which is...
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The very existance of state-provided and/or monopolized services is a boon to cultural conflict over how those services are used and who gets to use them, since the individual must pay for them no matter what and has no real alternative to the singular provider of the service (I.E. the state). For example...
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Conflict between the socialist oriented and market oriented camps within anarchism can get very tedious. Many anarcho-communists and anarcho-syndicalists appear to emphatically claim that market anarchism isn't truly anarchism, that opposition to private property and capitalism is a requirement for...
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Free association and competition resolves conflict while politics, especially democratic politics, enables and ultimately depends on conflict. All disagreements between people about how to organize can theoretically be resolved through free association, as they have the choice to either disassociate...
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In the discussion and debate that goes on among libertarians, it is disputed as to wether or not libertarians should vote and participate in party politics. Some see voting as the only practical option, some think that there should be a multi-pronged approach that includes voting, some are die-hard supporters...
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Immigration is a hot topic these days, particularly for those in the southern and south-western states of America. There has been a rising anti-immigration sentiment, directed specifically at immigrating Mexicans. The public cries out, "Secure the borders!" and "They're taking our...
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What is the Libertarian view of Human Nature? With respect to Austrian Economics. I would conjecture that Free Will plays a primary role in the Libertarian and Austrian view of Human Nature. Are we by nature competitive or cooperative? Both? Neither?
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From what I've been able to gather, "vulgar" libertarianism is a label applied to the tendency of some libertarians, particularly with right-wing sympathies, to defend currently existing property arrangements and corporations as if they came about as a result of a free market process or...