Legal System

From the book For A New Liberty: The Libertarian Manifesto, as narrated by Jeff Riggenbach.

This week’s eWeek features an article Micros

CNN is reporting that July 1 was the effective date for a host of new state laws, with more laws about to become effective.

A legal system is an institution to provide dispute resolution through judicial, legislative and executive functions. The state is that which maintains in large part a monopoly over force, geography and the legal system.

From the book For A New Liberty: The Libertarian Manifesto, as narrated by Jeff Riggenbach.

When can you respond to force? The four response positions range from “never” to “impose by force some further penalty on them”. A person’s capacity must be considered. Compensation instead of punishment is generally a libertarian society’s choice.

We have a right not to be aggressed against. Any other right has to be an application of my right not to have force initiated against me. Now, we need to do this with property rights. We need to treat the violation of property as aggression against self.

Now we go from ethics to liberty. Justice, narrowly, is a legitimately enforceable claim. What is the consideration between justice, rights and utility? Justice seems more rule-oriented than rights. Libertarian rights theory can consider consequences.

Lay and Skilling are hardly alone. The difference is that they are going to prison. This was not a case of executives looting their company and then hiding those assets in offshore bank accounts and absconding with their ill-gotten gains. Instead, it was a case of executives who believed their own hype — and that of the financial press — and failed to apply the fundamentals of sound business practices to their decisions.

From the book For A New Liberty: The Libertarian Manifesto, as narrated by Jeff Riggenbach.