bripat9643
Diamond Member
- Apr 1, 2011
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I like Bob Murphy's answer from his book Chaos Theory. Essentially, if somebody robs you, but then doesn't agree to arbitration over the matter to decide who has the property right in the object stolen, then essentially we have a case where the rest of society will shun that individual. If you know that somebody is accused of theft, and that they refused arbitration, would you be willing to do business with them? Of course not. Their best option in that case is to seek arbitration. Now, naturally each party would seek a private court that they think would favor their argument, so it would naturally balance itself out to a more moderate court. This also ties into Murphy's argument for "prisons" for serial criminals. He doesn't believe that the prison system as it exists today would work without government force, so he puts forth the idea that there would be facilities, prisons for lack of a better term I suppose, where the worst offenders could go and pay, or provide their labor to the facility, to live in an attempt to rehabilitate themselves on the basis that they've destroyed their reputations in the real world and nobody will associate with them at all. They would also work for the facility so that the facility could then start paying off their debts to their victims on their behalf.So if someone robs you and you want your stuff back, why are they going to agree to a mediator? Why would Madoff agree to a mediator? Why would internet scammers agree to a mediator?
Sure, in the general store of the town you live in they might agree to that as they know their other customers are looking at them and they don't want to lose them. But there are a lot of bad guys out there, they aren't going to agree to mediation. That is a legitimate role of government, mediating results.
Then the next problem you have is even if you win, suppose they don't pay? I operate my business with integrity, but I have hundreds of vendors all over the country. Most of them have integrity too. Some don't. Sure, I can not do business with anyone I don't know, but without any repercussions to fraud, I would have to do that and my business would be far smaller if it survived at all.
What a ridiculous answer. So why doesn't it work now? Why do vendors try to screw me, then stay in business? You still think we live in towns of hundreds of people where everyone knows everyone. Actually, we live in a country of 350 million and a world of billions. You're still living in the old west.
I actually agree with you.
Laissez-faire capitalism is a great 'theory'. But it can only work under ideal conditions. And if those conditions don't exist, laissez-faire fails miserably.
Critical to laissez-faire is that every 'actor' in the economy has to have an equal 'stake'
Wrong, that isn't the slightest bit "critical."
Living Enterprises with Living Owners. An ideology of market fundamentalism has embedded a belief in the public culture that the sole purpose and responsibility of a business enterprise is to maximize financial returns to its owners. This belief, combined with a system of absentee ownership and instantaneous trading of corporate shares, encourages short-term over long-term thinking and strips corporate decision making of concern for social and environmental consequences.
ROFL! The planning horizon for the United States Congress is two years. Politicians don't give a crap what happens when they don't get reelected, so their decision making is based entirely on what it takes to get past the next election.
SOLUTION: Pursue local economic development programs that build diversified, self-reliant, energy efficient, democratically self-organizing local economies comprised of locally owned living enterprises devoted to serving local needs.
That's a euphemism meaning "crony capitalism. All businesses server social needs. THey wouldn't exist if they didn't. The idea that government can do a better job has been debunked by the empirical evidence 10,000 times.
Local Living Economies. Fragmented local economies dependent on global corporations for jobs and basic goods and services leave people and nature captive to the financial interests of distant institutions that have no concern for their well-being and no accountability to their interests.
Mumbo Jumbo. Capitalism has demonstrated for the last 200 years its ability to produce a far higher standard of living than government control of productive enterprises.
SOLUTION: Recognize that the primary purpose of any enterprise is to serve the needs of a living community. Favor living enterprises with living, locally rooted owners who have a direct stake in the social and environmental consequences of the firm’s management decisions—people who are looking not for maximum financial return, but for a living return that includes a healthy community and a healthy natural environment. This means favoring cooperative, worker- and community-owned enterprises and discouraging the speculative public trading of corporate shares.
Translation: adopt crony capitalism or fascism.
Translation, adult concepts are way beyond you...
Your pretension that your beliefs are "adult" is so cute.