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	<title>Comments on: Don&#8217;t market anarchists support wage labor, which is completely unanarchistic?</title>
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		<title>By: ChrisH.</title>
		<link>http://c4ss.org/market-anarchism-faq/dont-market-anarchists-support-wage-labor-which-is-completely-unanarchistic/comment-page-1#comment-155506</link>
		<dc:creator><![CDATA[ChrisH.]]></dc:creator>
		<pubDate>Wed, 24 Oct 2012 18:56:39 +0000</pubDate>
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		<description><![CDATA[With the breakdown of capitalist monoploly and artificial scarcity and rents/overhead, by eliminating the state.....how would the worker NOT be able to afford capital goods, when in fact the price would drop SUBASTANTIALLY from removing these things? ]]></description>
		<content:encoded><![CDATA[<p>With the breakdown of capitalist monoploly and artificial scarcity and rents/overhead, by eliminating the state&#8230;..how would the worker NOT be able to afford capital goods, when in fact the price would drop SUBASTANTIALLY from removing these things? </p>
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		<title>By: mtanous</title>
		<link>http://c4ss.org/market-anarchism-faq/dont-market-anarchists-support-wage-labor-which-is-completely-unanarchistic/comment-page-1#comment-155164</link>
		<dc:creator><![CDATA[mtanous]]></dc:creator>
		<pubDate>Tue, 11 Sep 2012 19:54:57 +0000</pubDate>
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		<description><![CDATA[It&#039;s too bad that Tucker misunderstood the nature of interest (missing the actual harm of the money monopoly as inflationary theft) and failed to understand the land monopoly&#039;s harm is not in the protection of ownership in abstentia, but in the transfer of ownership of land to favored groups and the forced withholding of never used land (currently claimed by the governments of the world). 
 
The economic dependency that the laborer has on capitalists (even this is a false dichotomy, as most people are both at the same time) stems from the nature of time preference, and the laborers higher demand for present goods.  To maximize his fulfillment, the laborer needs money now, while the capitalist has it but needs more later.  The capitalist only earns interest on the advance he provides, and the more capitalists the lower that interest will be.  (The capitalist-entrepreneur earns profits or takes losses from that interest base based on the uncertainty of the later sale of future goods that he bought previously with the advance of present goods.)  In a free market, without state intervention, the laborer would earn the discounted marginal value productivity - what it is expected ex ante he could get from selling the additional product he helps the firm create, discounted at the rate of interest. 
 
So, market anarchism, as defined here, actually is in some error.  Ending the state would in fact mean that there are choices besides working for someone else and starving.  But they would often still be inferior monetarily, due to the lack of ability to afford the capital goods on the market. ]]></description>
		<content:encoded><![CDATA[<p>It&#039;s too bad that Tucker misunderstood the nature of interest (missing the actual harm of the money monopoly as inflationary theft) and failed to understand the land monopoly&#039;s harm is not in the protection of ownership in abstentia, but in the transfer of ownership of land to favored groups and the forced withholding of never used land (currently claimed by the governments of the world). </p>
<p>The economic dependency that the laborer has on capitalists (even this is a false dichotomy, as most people are both at the same time) stems from the nature of time preference, and the laborers higher demand for present goods.  To maximize his fulfillment, the laborer needs money now, while the capitalist has it but needs more later.  The capitalist only earns interest on the advance he provides, and the more capitalists the lower that interest will be.  (The capitalist-entrepreneur earns profits or takes losses from that interest base based on the uncertainty of the later sale of future goods that he bought previously with the advance of present goods.)  In a free market, without state intervention, the laborer would earn the discounted marginal value productivity &#8211; what it is expected ex ante he could get from selling the additional product he helps the firm create, discounted at the rate of interest. </p>
<p>So, market anarchism, as defined here, actually is in some error.  Ending the state would in fact mean that there are choices besides working for someone else and starving.  But they would often still be inferior monetarily, due to the lack of ability to afford the capital goods on the market. </p>
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