[ba-liberty] Re: [ca-liberty] Re: Re: Fwd: Is Capitalism Immoral?

  • From: Richard Fast <fastrichard77@xxxxxxxxx>
  • To: ba-liberty@xxxxxxxxxxxxx
  • Date: Thu, 7 Oct 2021 04:42:51 -0500

Jeff,

Thank you for the response.

I was only speaking on the former, not the latter. There are examples of
the former (non-coercive) in real life: hippy communes, kibbutz, etc.
Religious communes tend to last longer than secular ones, interestingly
enough. But, as far as libertarianism and non-capitalism (itself a coercive
structure if you believe in the theory of wage slavery as some Libertarians
do) goes, it is non-coercive and perfectly in line with the Non-Aggression
Principle and thus not an oxymoron.

Thanks for the discussion.

Richard

On Thu, Oct 7, 2021 at 12:16 AM Jeff Chan <webmaster@xxxxxxxx> wrote:

On Wednesday, October 6, 2021, 4:37:06 AM, Richard Fast wrote:
Some Libertarians support capitalism. I think that's misguided. I think
what they're really after are free(d) markets.

Some Libertarians think what we have now is capitalism. I think that's
also
misguided. What we have now is crony capitalism, or fascism lite (the
marriage of corporations and state; the authoritarianism is subtly
building layers, in some cases not so subtly).

In any case, thanks for the suggestion. I hope more Libertarians will see
that free(d) markets are the goal, not capitalism. After all, there are
many Libertarians in good standing who are anti-capitalist (who are not
socialist, at least not of the coercive kind).

Non-coercive socialism or communism seems to be a potentially ontological
oxymoron.  IF everyone in a commune agreed to be there, then it could
be non-coercive.  But if anyone in a communist or socialist system did
not want to be there AND was unable to exit, then by definition
socialism or communism would initiate force against them in the normal
course of operation, i.e., forceful redistribution of wealth.

I suppose the former is an ideal, but there seems to be a lot more of
the latter in real life.

Cheers,

Jeff C.

On Wed, Oct 6, 2021 at 12:47 AM Jeff Chan <webmaster@xxxxxxxx> wrote:

On Tuesday, October 5, 2021, 10:33:29 PM, Kennita Watson wrote:
Just got this and ordered the free ebook; easy-peasy.  Reading
should also be easy; 2 essays, 19 pages all told.

Live long and prosper - Kennita


Throwaway comment: If (the writer of) Gordon Gekko were an actual
capitalist he would know that capitalism isn't a zero sum game.  It's
about creating new value, new markets using capital.  That creates new
value for everyone in those markets.  In aggregate, capitalism
improves the living standards of all, particularly when not distorted
by artificial government regulations which favor or disfavor one party
over another.  The latter also usually makes markets less efficient
overall.  When the latter happens, it makes everyone poorer in
aggregate.

Jeff C.


Begin forwarded message:

From: "Jim Gray"
<jimpgray@xxxxxxxxxxxxx<mailto:jimpgray@xxxxxxxxxxxxx>>
Subject: FW: Is Capitalism Immoral?
Date: October 5, 2021 at 07:06:29 PDT
To: "Jim Gray" <jimpgray@xxxxxxxxxxxxx<mailto:jimpgray@xxxxxxxxxxxxx


Hi to our 2 Paragraphs Family,

I just received this note from the Hoover Institution at Stanford
University and ordered a free copy.  And I thought many of you might
also be interested in doing the same.

Best regards,

Judge Jim

From: Greg Stamps — Hoover Institution
[mailto:hooveronlinedevelopment@xxxxxxxxxxxx]
Sent: Tuesday, October 5, 2021 5:48 AM
To: jimpgray@xxxxxxxxxxxxx<mailto:jimpgray@xxxxxxxxxxxxx>
Subject: Is Capitalism Immoral?

Dear Jim, “The point is ladies and gentlemen that greed, for lack
of a better word, is good.” “It's a zero-sum game, somebody wins,
somebody
[Hoover
Institution]<

https://cgfpq04.na1.hubspotlinks.com/Btc/LU+113/cgFPQ04/VWsydl6Z7XKhN1QZSH9bhxY7W7Y8zfc4yhfvWN56dXhV3q90pV1-WJV7CgWmmW4LP50061kLTqW7XMTQV3M1vyjW1Zymd91RnC5LW42LBHz689YQcW1YjFMN3PDqLtVDybsD4_6mX0W1V6CZ23pqc81W3xf4S42CxrplW4sXy0g1KmtcKW6M3kGj27Kb74W8_tl_k6Db_N6W5yv8fW7XpBRPW461CL27ZSFFdW2s_N6h59R-L7W5bYrYL6Z7jV_W1Bz0t54KSzSnW2j_GkC37Yx-xW8LcXKX8pyffPN6MCC-s_JMDCV4xdy92vpfRxW2jQXxj6Dp5GZW8NQRYl7ZHXN3W9gkVy47_bwhGV-5K6j5m_n8-N1y04sp-5VwnW2Bzn121lY0_g3dG-1

Dear Jim,


“The point is ladies and gentlemen that greed, for lack of a better
word, is good.”

“It's a zero-sum game, somebody wins, somebody loses.”

“If you need a friend, get a dog.”

In 1987 Michael Douglas brought us these lines playing financier
and corporate raider Gordon Gekko in the movie Wall Street.  These
heartless-sounding quotes and ones like them are about all that many
Americans have ever heard about capitalism.

The natural takeaway is that capitalism—and capitalists—are forces
opposing justice, fairness, humanity, and decency. If their
understanding of capitalism is summarized by the Gekko character,
it’s not surprising that so many have been attracted to the promises
of
socialism.

Capitalism has many imperfections to be sure. But could it be that
capitalism is not only a good system, but that it is actually more
humane than socialism?

Hoover Institution fellows Russell Roberts and Ayaan Hirsi Ali make
this case in the new eBook, Personal Freedom and the Moral Case for
Capitalism<

https://cgfpq04.na1.hubspotlinks.com/Btc/LU+113/cgFPQ04/VWsydl6Z7XKhN1QZSH9bhxY7W7Y8zfc4yhfvWN56dXjt3q90_V1-WJV7CgHgzW6HHTy82zpbsKW7Yn4NN18PQphW8dKgTC526dHxW4G_Z101_J4DJW54ztq97YHn6wW6XvKPs7--WFmN3zqmQ9kr4FvW6vfMBv3rcsHsW94NnKV7gBbhMW3QL5s81NlL3vW6Lx-b95BYRTYW5NvC5m4MFKlXW96yWWq6gG8VjVV09NZ7ltpvsW8rcWPc89R-7GVkC6NL1cywjbW5N5zQZ5V4vRhW4pN28l4ZhgKcW7Ng7s34mm_Q9W6TPDQT7FrnXmW5ZXx0s8xDyFxW3w0hS91_P-zyW2Q5vb86YfdbfW4vg2kR55QLfrW6WpSMH2lW6DrW1RC-c11Yr83PVjYR1g4pK4XZW3R617c6RwjYYW1w_Kgs1N9wW9Vy1Svc36s1hx3p_c1
.
Roberts takes on the question as an economist with a humble,
practical approach, while Ali speaks of her own experience growing
up in socialist Somalia and how political institutions and values
shape
economic systems.

This eBook consists of two papers—one from each scholar—written in
conjunction with The Human Prosperity Project on Socialism and
Free-Market Capitalism. This project provides objective and
scholarly analyses of free-market capitalism, socialism, and hybrid
systems and provides evidence on the effectiveness of the various
systems on outcomes that affect prosperity and well-being.

I think you’ll find this eBook insightful given the embrace of
increasingly socialist ideas we’ve seen among young people, the
academy, media outlets, and policy-makers in the name of “kindness”.

Simply click here to request your free copy of Personal Freedom and
the Moral Case for
Capitalism<

https://cgfpq04.na1.hubspotlinks.com/Btc/LU+113/cgFPQ04/VWsydl6Z7XKhN1QZSH9bhxY7W7Y8zfc4yhfvWN56dXjt3q90_V1-WJV7CgLrtW5xsW9B5fRtjCN71Y2lCRW07GW2HMrB03Qy4gdW52xQSd2r1FyCW5jpWL33584bhW40g41H6z_6L6N56kDNBzB0YCW1ZRZSY8DJJmNW89GPs21-bvRXW6qNpJy5KpyhgW7VvqB48sVQw1W4LYzpZ3CLm9DW8phljJ7dzQY7N4HGRQn7KJMDW5f7Z1N2ln4_PN4mj9888C1M_W7wS5yG2T86Y6W6tn1v77Y5ZwhW5wjL1N18RQT8V_9HFf6845tzW8YvY-W23mP3sW1Z1V_R93SjMdW7SG1J78SZJZ0N3y19FqFGdkfW7B3H3471JxSdW1F601k87x0g9N7ZYqDrbcd-FMtMCSt_2CQYW86xj8C7wQZgMW4L-wBK6wR6jm3cdZ1
.

Thanks,
Greg

Greg Stamps | Online Development

Hoover Institution | Stanford University


Hoover Institution, 434 Galvez Mall, Stanford University, Stanford, CA
94305, USA
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--
Jeff Chan
mailto:webmaster@xxxxxxxx
http://rkba.org/

"Switzerland exported democracy to America by being a shining,
 stable example of freedom which America's founders imperfectly
 copied.  It did not invade America and replace its government."




--
Jeff Chan
mailto:webmaster@xxxxxxxx
http://rkba.org/

"Switzerland exported democracy to America by being a shining,
 stable example of freedom which America's founders imperfectly
 copied.  It did not invade America and replace its government."



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