Every time I write a commentary on one of John Stossel’s godawful columns, I tell myself I’ll lay off him for a while. But good lord, this latest wretched little piece of pro-corporate apologetics (“Corporations Have Become Hollywood’s Go-To Villains,” Reason, July 1) is about the worst thing he’s ever done. The biggest challenge any…

Adam Smith, nel suo La Ricchezza delle Nazioni, mette l’appropriazione di grosse estensioni di territorio e l’“accumulazione primitiva di capitali” tra le cose che più alterano le condizioni originarie di quel processo per cui il prezzo dei beni riflette il lavoro impiegato per la produzione. Oggi, il rientro generato dal capitale e dalla terra è…

Adam Smith, in The Wealth of Nations, listed the appropriation of most land and the “original accumulation of capital” as the two main things that altered the primitive state of affairs where the price of goods reflected the labor involved in production. Instead, returns on capital and land became major components of price alongside the…

Reason‘s science editor Ron Bailey (“Pope Francis and Naomi Klein Both Hate Free Markets, Technological Progress, and Economic Growth,” Reason, June 29) refers to Naomi Klein as a “prominent hater of free markets,” adding that she also hates “technological progress and economic growth.” But based on my readings of both Klein and Bailey, I think…

C4SS Feed 44 presents “We Are Market Forces” from the book Markets Not Capitalism, written by Charles Johnson, read by Stephanie Murphy and edited by Nick Ford. It’s convenient to talk about “market forces,” but you need to remember that remember that those “market forces” are not supernatural entities that act on people from the outside. “Market forces” are…

The Civil War caused a huge schism in the American libertarian movement from which it wouldn’t recover for decades. Inner conflicts between abolitionists who favored the war and the invasion of the South, ones who saw the war as inevitable and required to end slavery, and those who thought the war was an egregious moral…

The Fulcrum of the Present Crisis: Some Thoughts on Revolutionary Strategy Center for a Stateless Society Paper No. 19 (Winter 2015) [PDF] The Cult of Mass, Lionization of Protest Culture & Other Industrial Age Holdovers Protest Culture. The so-called “cargo cults” of New Guinea, Micronesia and Melanesia evolved in response to the influx of American manufactured…

According to the received version of “interest group pluralism” in J.K. Galbraith’s book American Capitalism, there’s supposed to be a sort of check-and-balance system (Galbraith called it “countervailing power”) between big business, government regulatory agencies and organized labor. But what usually happens in the real world, when the allegedly “opposing” centers of power are so…

As a libertarian masochist who keeps up with the regular by-the-numbers attacks on libertarianism at Alternet and Salon, I almost dared to hope for something at least marginally better from Robert Kuttner at The American Prospect (“The Libertarian Delusion,” Winter 2015). I was disappointed. “The stubborn appeal of the libertarian idea persists,” Kuttner writes, “despite…

Center for a Stateless Society Senior Fellow and Molinari Institute President Roderick T. Long recently gave a presentation on Left Libertarianism for the Center of Ethics and Public Policy in Duluth, Minnesota. You can follow along with Roderick T. Long and his PowerPoint slides (download): http://praxeology.net/radical-leftist-REV.pptx << Back to the Market Anarchism FAQ page

“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…

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…

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…

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…

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…

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 one of his contributors had only suggested a reason why I should be anything other…

C4SS Feed 44 presents Nathan Goodman‘s “‘Jobs’ as a Red Herring: The Dangers of Make-Work Bias” read and edited by Nick Ford. Still, many people measure an economy’s health in terms of employment, a phenomenon economist Bryan Caplan calls “make-work bias, a tendency to underestimate the economic benefits of conserving labor.” And there are obvious economic…

The term “market anarchism” may give some people the mistaken impression that market anarchists envision a society organized primarily around the cash nexus. In part this is because one definition of the term “market” itself equates to the market as an institution: The sphere of exchange. It may also reflect the fact that many anarcho-capitalists,…

C4SS Feed 44 presents “Advocates of Freed Markets Should Embrace ‘Anti-Capitalism’” from the book Markets Not Capitalism, written by Gary Chartier, read by Stephanie Murphy and edited by Nick Ford. Defenders of freed markets have good reason to identify their position as a species of “anti-capitalism.” To explain why, I distinguish three potential meanings of “capitalism” before suggesting that…

At Slate, Will Oremus raises the question “What if technological innovation is a job-killer after all?” (“The New Luddites,” August 6). Rather than being “the cure for economic doldrums,” he writes, automation “may destroy more jobs than it creates”: Tomorrow’s software will diagnose your diseases, write your news stories, and even drive your car. When…