Center for a Stateless Society
A Left Market Anarchist Think Tank & Media Center
Tag: capitalism
Austrian Exploitation Theory
Marx had no monopoly. Eugen von Böhm-Bawerk (1851-1914), the second-generation giant of Austrian economics, famously refuted the theory, most commonly associated with Marx, that the employer-employee relationship is intrinsically exploitative. Less well known is that Böhm-Bawerk had an exploitation theory of his own, which he expressed in his 1889 masterpiece, Positive Theory of Interest, volume…
New Wine in Old Bottles
Big is not beautiful when it comes to economics. This is the key message of Kevin Carson’s “Industrial Policy: New Wine in Old Bottles“. His essay makes compelling arguments in favour of an anarchist society based on small-scale community manufacturing, peer-to-peer production and decentralised production. Carson sets out the ways in which the state concentrates economic…
Klan-Baiting the Wobblies: Unreasonable
About the only thing A. Barton Hinkle gets right about the Industrial Workers of the World in “Meet the Left-Wing Extremist Running for U.S. Senate” is not calling them the “International Workers of the World”. Although at least Reason likening the “Wobblies”, whose founding antedates the Russian Revolution by over a decade, to “warmed-over Lenin” is not the…
Keystone East: Not as Reasonable as Reason Thinks
The Keystone XL pipeline is something no libertarian can support if consistency with free market principles matters. But that doesn’t stop a lot of right-leaning self-proclaimed libertarians from instinctively defending it — after all, anything that promotes fossil fuel use and gets environmentalists bent out of shape has to be “libertarian,” right? Thus A. Barton Hinkle’s “Get…
“It takes money to make money”
“It takes money to make money.” An old, oft-repeated saying, it is certainly true enough as a statement describing the functioning of capitalism. The idea is that once one possesses capital, she can loan it to others for interest or rent, or else invest it in some productive enterprise to earn profits, sitting back and…
The Feds: A Fox in Home Depot’s Henhouse
According to New York Times columnist Joe Nocera (“Criminal Card Games,” September 16), Home Depot’s security breach – the latest in an ongoing series of extensive exposures of customer financial information from large retailers — explains “why the federal government needs to get involved. With the banks and retailers at loggerheads, only the government has the ability to…
George Reisman — Piketty’s Capital
George Reisman. Piketty’s Capital: Wrong Theory, Destructive Program (TJS Books, 2014). Reisman’s critique of Piketty, from beginning to end, is nothing but pronouncements of a priori Austrian dogma from Böhm-Bawerk and Mises, with no direct contact with reality outside the pages of their work at any point in the process. He makes dogmatic pronouncements about…
Crowdsourcing a New Wall Street?
As many in the libertarian community already know, Overstock CEO Patrick Byrne recently unveiled a plan to build a revolutionary new model of finance on the back of the old financial system. Namely, by creating a Bitcoin equivalent of the New York Stock Exchange in hopes of eventually replacing Wall Street entirely with a crypto-security trading system…
The Vampire of Practical Politics
With another fall election season picking up steam, The New Yorker’s Sam Wang wonders whether the 2014 election will “be a wave or a ripple.” A wave, Wang says, occurs when “one party makes massive gains and overturns the existing power dynamic.” But notwithstanding Wang’s intended point, the “existing power dynamic” in the United States…
The Black Hole of the American Injustice System
Though many Americans know that prisoners often work while behind bars, the conditions under which they toil may be less than clear. Fortune magazine made waves this summer when it reported that “[p]rison labor has gone artisanal,” revealing a multimillion dollar business that puts convicts to work making everything from specialty motorcycles to goat cheese sold at…
Alle Radici della Disuguaglianza: Libero Mercato o Stato?
All’inizio di settembre, la Reuters ha reso nota una ricerca commissionata dalla Federal Reserve che dimostra che negli Stati Uniti cresce la disuguaglianza in termini di reddito e ricchezza. “Tutta la crescita del reddito,” dice la Reuters, “è concentrata nella parte alta… con il 30,5% nelle mani del 3% della popolazione.” La ricerca della Federal…
Small is Awesome
The following article was written by Max More and published with The Freeman, February 1, 1999. Max More is president of Extropy Institute in Marina Del Rey, California. Large Corporations Will Not Come to Dominate the Economy Giant corporations controlling national governments. Corporate behemoths regimenting their workers, controlling their customers, and obliterating their smaller competitors. The rich get richer…
On Inequality, Injustice, and Anti-Capitalism
I’d like to first thank Mr. Lock for his thoughtful, well-mannered observations on my little piece. Commenters such as Mr. Lock honor me with their courteous thoughts and, in my humble view, raise the bar for discussion and debate by refraining from ad hominem and from attempts to impute motives; dealing with my points and…
What Laissez Faire? on Feed 44
C4SS Feed 44 presents “What Laissez Faire?” from the book Markets Not Capitalism, written by Sheldon Richman, read by Stephanie Murphy and edited by Nick Ford. What, then, is this system called “capitalism”? It can’t be the free market because we have no free market. Today the hand of government is all over the economy — from money…
How Privatizations Created New State Companies in Brazil
In July 2014, Brazilian President Dilma Rousseff’s Facebook page celebrated the record production of iron ore by Vale. According to the page, the mining company “broke a record for iron ore production in the second quarter,” representing a “12.6% increase compared to the same time frame in 2013.” Several pages quickly pointed out Rousseff’s “mistake,”…
The Root of Inequality: The Free Market or the State?
In early September, Reuters reported on a new Federal Reserve survey showing widening wealth and income gaps in the United States. “All of the income growth,” Reuters reports, “was concentrated among the top earners …  with the top 3 percent accounting for 30.5 percent of all income.” The Fed survey will no doubt disconcert those…
Vulture Funds vs. Argentina on Feed 44
C4SS Feed 44 presents Alan Furth‘s “Vulture Funds vs. Argentina” read by Christopher King and edited by Nick Ford. The most outrageous fallacy in this line of reasoning is the conflation of the political class of a country with its citizenry at large. Whenever vultures succeed in collecting the full value on defaulted government bonds, the…
Possession of Liberty: The Political Economy of Benjamin R. Tucker
The political economy of Benjamin Tucker represents an alloy of its major influences, synthesizing the work of radical thinkers such as Josiah Warren, William B. Greene, Ezra Heywood, and Lysander Spooner to create a mature, comprehensive individualist anarchism. From Heywood came Tucker’s trademark analysis of the wrongs of rent, interest, and profit, “follow[ing] closely the…
Two Foundational Elements of Statelessness
The book I will discuss below develops and defends the idea of law without a state. The book’s blurb tells us the following: This book elaborates and defends the idea of law without the state. Animated by a vision of peaceful, voluntary cooperation as a social ideal and building on a careful account of non-aggression,…
Why I Am An Anarchist
The following article was written by Benjamin R. Tucker and was first published in The Twentieth Century, 1892. Why am I an Anarchist? That is the question which the editor of The Twentieth Century has requested me to answer for his readers. I comply; but, to be frank, I find it a difficult task. If the editor or…