Thus, this COMMUNISTIC KAPITALism – spelt as in Das Kapital.
And what is this Modern Capitalism? – but a SYMPTOM of the “New Economics” of that Immoralist Keynes and all his epigones – the DENIAL of The CLASSICAL Say’s “Law of Markets” – accompanied, quite “naturally,” by Public Instruction in Errors – since this Ugliest form of State Interventionism becomes absolutely ESSENTIAL for them – hence their DELIBERATE MISTEACHING of Say’s Law – thus a “worldwide miseducated elite” – with all Public Opinion infected by the Ugly, Gross ERROR that Endless and Inflationist Expansions in the Fiat Paper Money Supply and Endless Credit Creation – all this SERIOUS FRAUD – such that The Voting Public Worldwide “thinks” that this the worldwide phenomenon of ZERO interest rates for BORROWERS and NEGATIVE interest rates for SAVERS – this ABUNDANCE of “FREE” CAPITAL – will actually BOOST DEMAND and even RAISE EMPLOYMENT!
THINK! – of Professor BR Shenoy’s “Note of Dissent” on the Nehru-Mahalanobis Second Five-Year Plan (early 1950s) – in which, among many other serious disagreements, Professor Shenoy ALSO disagreed with the MASSIVE DEFICIT FINANCING the State-Owned Steel Plants that were TOUTED as “The Nehruvian SOVIET-MODEL of Heavy Industrialisation Under State Ownership & Control” would require – in particular, WARNING against both the INFLATIONARY as well as EXCHANGE RATE consequences that would inevitably follow – and, sure enough, whereas Nehru had “inherited” a “healthy treasury” from the crown-in-parliament Raj, a MASSIVE DEVALUATION of the rupee was an IMMEDIATE consequence – and then, THINK of how much such INFLATIONism and “deficit financing” has been employed by our The State EVER SINCE – and then, pause-to-reflect on WHAT exactly has caused some sort of BOOM in economic activity in India after those halting and essentially “voodoo liberalisation” early 1990s – was this BOOM caused by INFLATIONism or by the increase in actual BRICK-and MORTAR PRODUCTION facilities that PRODUCED a wide range of CONSUMER GOODS previously SMUGGLED – and, to a certain and very limited extent, by a more Open Foreign Trade REGIME?
Did more Goods & Services in The Market cause this BOOM of the post-liberalisation decade – or was this caused by INFLATIONARY FINANCING of State Expenditures? – which is the difference between “growth in economic activity” and The Growth of The State.
If YOU are now THINKING what I think you are thinking – then do THINK of manmohan then-and-now – and I am CONFIDENT you will arrive at the inescapable conclusion that manmohan is NOT THINKING as you are.
Centralised, STATE-OWNERSHIP & CONTROL of CAPITAL is nothing but COMMUNISM – and most certainly not a “New Capitalism.”
What it definitely is, is A New Economics – on How NOT to “economise.”
Its champions ought to be called DISECONOMISTS - because THEY CANNOT BALANCE THEIR OWN ACCOUNTS!
Oh! A PLAGUE on all these New Ideologies and their Ideologues!
First, let us pause to reflect on Rockwell's explanation of Mises' first magnum opus:
Mises referred to his own approach as the Circulation Credit Theory of the Business Cycle. For our purposes, we can describe it in brief.
On the free market, when people increase their saving, that increased saving has two important consequences.
First, it lowers interest rates. These lower interest rates, in turn, make it possible for entrepreneurs to pursue a range of long-term investment projects profitably, thanks to the lower cost of financing.
Second, the act of saving and thus abstaining from spending on consumer goods, releases resources that these entrepreneurs can use to complete their new projects. If consumer-goods industries no longer need quite so many resources, since (as we stipulated at the start) people are buying fewer consumer goods, those released resources provide the physical wherewithal to carry out the long-term production projects that the lower interest rates encouraged entrepreneurs to initiate.
Note that it is decisions and actions by the public that provide the means for this capital expansion. "If the public does not provide these means," Mises explains, "they cannot be conjured up by the magic of banking tricks."
But "banking tricks" are precisely how the Fed tries to stimulate the economy. The Fed lowers interest rates artificially, without an increase in saving on the part of the public, and without a corresponding release of resources. The public has not made available the additional means of production necessary to make the array of long-term production projects profitable. The boom will therefore be abortive, and the bust becomes inevitable.
In short, interest rates on a free market reflect people’s willingness to abstain from immediate consumption and thereby make resources available for business expansion. They give the entrepreneur an idea of how far and in what ways he may expand. Market interest rates help entrepreneurs distinguish between projects that are appropriate to the current state of resource availability, and projects that are not, projects that the public is willing to sustain by its saving and projects that they are not.
And then, reflect over Rothbard’s rejoinder to these Deniers of The Concept of Scarcity in Modern Capitalism – that if this was true, none would WORK for a WAGE! – as EVERYTHING would be not only ABUNDANT, but actually ABUNDANT-for-ALL, hence FREE-for-ALL, hence there would be A Veritable Garden of Eden right here on The Planet.
But, then again, NONE actually “work for a wage” – and ALL ONLY WORK for what they can BUY with those wages-of-work – which is where INLFATIONism KILLS!
Now, let us reflect over the “meaning” of this word “CAPITAL” – in “other senses” – as for example, when someone exclaims, “What a CAPITAL IDEA!” – or, they call someplace CAPITAL CITY – or, they talk about CAPITAL PUNISHMENT!
All these “other meanings” of this word “CAPITAL” indicate something that is of Supreme Importance – or, simply SUPREME.
Thus, when people-like-me for whom The Science of Economics is ROOTED in the EPISTEMOLOGY of the “logical categories of the trading human mind” of Modern Man assert that CAPITAL is One of These Categories, as is Income – which is why ALL the Unlettered Wandering Herdsmen still to be found aplenty in various parts of Asia and Africa, and surely South America as well, can and do “count their herds” – which is their PRIVATE CAPITAL – and, to ensure they are NOT “CONSUMING CAPITAL,” make certain that whatever they do actually CONSUME is “less” than whatever is the “natural growth” in the Size of their Herds, their Precious Capital, something of SUPREME IMPORTANCE to Each One of Them – inside their trading minds.
In other words, they SAVE!
It was to this logical concept of Supreme Importance that this word “CAPITAL” was much later applied – the Universal Concept itself was born with Modern Man – while this word, in this sense, came very recently.
But, then-as-now, CAPITAL is of Supreme PRIVATE Importance – and:
We are ALL Born to Accumulate Capital.
My modest “improvement” upon Misesian epistemology is the “discovery” of PROPERTY as the First Logical Category of the Trading Human Mind – for all herdsmen “own” their herds – and since “possessive pronouns” exist in all classical as well as tribal languages, this is all the “historical data” required to confirm my discovery – to which Abstract Theory, by its application to History, allows us to conclude that all these First Properties of All these Nomadic Tribes of Herdsmen were CREATED by HOMESTEADING their “domesticated” animals simply by APPROPRIATING them from The Wild – thereby solving the “chicken-and-egg” question, the OBVIOUS ANSWER being that, since NONE yet “know” How LIFE Originated – only that all these “Diverse Forms of Life” we see all around us today, including MAN, have “evolved” – it follows that those who First Appropriated Wild Fowl and “domesticated” these – well, this is The Logical Answer to the ridiculous question kids often ask, “Which came first – the chicken or the egg?”:
THE HOMESTEADER CREATED BOTH – as Private Property.
Further, if this homesteading had not happened, YOU would not have either the egg or the chicken in The Market – and would have to HUNT for both!
PROPERTY, CAPITAL, INCOME, ACCUMULATION, ARITHMETIC – all these Logical Categories of the Trading Minds of ALL Modern Homo Sapiens – the homo economicus – this very EPISTEMOLOGY of The Science of Economics says SOMETHING to inflationist-welfarists like manmohan singh, quoted today asserting “sustainable development is not a zero-sum game” – and that SOMETHING is as follows:
YOUR fucked-up NEGATIVE SUM-GAME only benefits a FEW while impoverishing the VAST MAJORITY – and it is this POLITICAL GAME that is ECONOMICALLY UNSUSTAINABLE – and Private Ownership & Control over ALL Resources, including especially CAPITAL – which means PRIVATE MONEY – which means FREEDOM of CHOICE in MEDIA OF EXCHANGE – is The Only Path for HUMANITY – as EVIDENCED by HISTORY to which the “correct praxeological theories” have been applied for their proper interpretation, going back all the way back to the Very First Nomadic Tribes of Wandering Herdsmen – thereby FIRMLY REJECTING EVERYTHING about this “New Economics” of Keynes, which is dated 1935 – and The Worldwide Evidence TODAY – in Hard Statistical Data – Clearly Establishes the Hard Fact that this BRAINLESS CAPITAL COMSUMPTIONism is – what else? – but BRAINLESS DISECONOMICS!
Do read my post on the NONSENSE that is “game theory” when applied to Economics. This nonsense is best called “Positive Political Science” – and each-and-every “consensual trade” is a POSITIVE-SUM GAME – that is, WIN-WIN – for BOTH parties to that consensual trade are OBVIOUSLY happier than before – do “observe” how BOTH the shopkeeper as well as the customer THANK each other after the former surrenders possession of his wares and the latter surrenders possession of his cash at the HAPPY conclusion any consensual exchange.
Now, POLITICS is ALWAYS a NEGATIVE-SUM GAME – and anything-and-everything about its TODAY is about the FEW who WIN and the VAST MAJORITY who lose – from ALL legislation, to ALL regulation, to ALL forms of interventionism, including ALL taxation. In any case, with INFLATIONARY FINANCE of Unlimited State Budgets, what is the “meaning” of “taxation” today?
This is why, under these LEGAL & ECONOMIC ERRORS – what they call “DEMOCRATIC POLITICS” – this MULTI-PARTY COMPETITIVE STRUGGLE for The Public Vote – is entirely DIVISIVE in its very “nature” – and the Root Cause of Endless Conflicts – the Finest Example of One Such Endless Conflict being that between India & Pakistan – which began in 1906 with TWO “political parties” championing RELIGIOUS GROUPS – and then, many other such “political groups” came about – and, forget about cross-border Hindu-Muslim harmony, we do not have such harmonious “POLTICS” even WITHIN INDIA!
Politics is The Problem – and The Market is The Solution! – as I recently wrote.
Anyway, this inflationist-welfarism – another NEGATIVE-SUM POLITICAL GAME based upon the political practices of LEGAL PLUNDER and FALSE PHILANTHROPY are part-and-parcel of the “New Economics” of keynes – this Modern Kapitalism – and it is NOT too much of a surprise that both amartya sen and manmohan are “trained keynesians” – and manmohan has also headed our rbi, apart from the ugc.
Both DISECONMISTS – one a nobel laureate!
Let us proceed:
Now, with INFLATIONism, as discussed many-a-time already, the Hard Fact is that it is the Savings of the Vast Majority that get ERODED in “value” – and all this ABUNDANCE of CHEAP CREDIT-for-ALL is in Stark Reality nothing but The Collectivistic Consumption of Capital on a Truly Colossal Scale, one that is UNPARALLELED in History.
Let us also set aside something that has also been discussed many-a-time already – The True Source of Market Demand and the Eternal Validity of Jean-Baptiste Say’s “Law of Markets” which is dated 1803, but which many believe was known-but-not-fully-articulated before him. This is “classical knowledge.” And, what is more, a LAW of MARKETS.
In a recent post, I have WARNED against the Inevitable Disastrous Consequences of all Deliberate Violations of All Such Laws – be they of Economics, or Physics.
Instead of all these that have been discussed threadbare already, today, let us FOCUS attention on the Mises quote above, and for WHAT PURPOSES entrepreneurs would BORROW CAPITAL on “market determined interest rates” – which would OBVIOUSLY be MUCH HIGHER than this EVIL of “cheap credit for all” – if all this COMMUNISTIC central bankstering were to be ENDED:
Well, for ONE, “consumers” would NOT BORROW for purchasing “consumer durables” – including HOMES if HOMESTEADING PROPERTY is a LIBERTY! – but ALL would slowly-and-steadily ACCUMULATE their Own Precious SAVINGS for ALL such INVESTMENTS because borrowing would be costlier, for one; while, on the other hand, the value of their savings would GROW.
It is in this GROWTH in the VALUE of Private Savings that the Endless Highway to Growth in Private Capital Accumulation lies.
The DISECONOMISTS – are COERCING HUMANITY TOWARDS THEIR ULTIMATE DESTRUCTION – in the SHATTERED RUINS of UNIVERSAL DECIVILISATION.
What is MORE, not only would the Value of Private Savings Grow Endlessly – the Other Benefit of an End to Inflationism would be that there would also occur a slow-and-steady DECLINE in the Price of All these Consumer Durables, because of Yet Another Reason – which is that, since The True Source of Market Demand would now operate in Full Swing, “mass production for mass consumption” – which is Modern Capitalism, and the Modern Factory System – would ALSO operate in Full Swing – and the CONSUMPTION of ALL the world’s POOREST would SHOOT – simply because entrepreneurs and capitalist invest in these Huge Factories for “mass production” because cost-per-unit-produced is LOWEST then, and this means LOWER PRICES for WORKERS-as-CONSUMERS.
The Wealth of Nations – consists solely in the Possessions, Properties, and Consumptions of The PEOPLE – which is also Classical Liberal Political Economy, dating back to the year 1776.
Going one step further, as the quote from Rockwell above explains – because ALL these Big Companies would now prefer EQUITY to DEBT – and would now themselves have to follow Market Discipline by pursuing only those projects that would assure the Highest Returns to Shareholders as DIVIDEND INCOME – from which the Final Conclusion that Mises refers to, that BORROWERS of CAPITAL would do so ONLY for those projects that would – in their “speculations” – yield HIGH LONG-TERM RETURNS – that is, BIG INVESTMENTS – which further implies that such a Genuine Capitalism would lead to An Enormous Amount of Genuine Savings and CAPITAL INVESTMENT based on Private Capital Accumulation – and A NEW UNIVERSAL CIVILISATION would truly yield UNIVERSAL OPULENCE – and Very Rapidly, that too – because, in this current age, TECHNOLOGY is so very advanced and advancing RAPIDLY all the time, and if ALL this CAPITAL goes into SCIENCE and CONVERTS it into New Technologies directed towards “satisfying the most urgent needs of CONSUMERS that are still neglected” – then we are FORCED to ACCEPT that Genuine Capitalism is The Only Way – for All of Humanity – and that this Evil, Immoral, Fraudulent, “cheap credit for all” Collectivistic & Diseconomistic Consumption of Capital on a Truly Colossal Worldwide Scale MUST BE ENDED.
From the above, let US, the most fucked-up poorest-of-the-poorest sheeple on The Planet now pause to THINK:
Hey! Quite OBVIOULY then, in such a scenario of Genuine Capitalism and its necessary concomitant – The Private Ownership & Control of Capital – an ENORMOUS amount of FOREIGN CAPITAL would RUSH to the “OVERPOPULATED” THIRD WORLD simply because RETURNS to all such MEGA INVESTMENTS would be HIGHEST here!
And NO such BIG FOREIGN INVESTOR would ever SPEND on “population control” such as The Fuckin’ UN’s UNFPA – simply because NO SHOPKEEPER EVER SHOOTS THE CUSTOMER!
WIN-WIN – in ACTION!
CONSENT-as-RELIGION – and COERCION-as-EVIL – BOTH-in-ACTION!
Thus, under conditions of Genuine Capitalism, if we THINK what kind of MEGA FOREIGN DIRECT INVESTMENTS into INDIA would be HIGHLY ATTRACTIVE to Wealthy Capitalists abroad as compared to their making the same investments locally, then THINK:
How MANY “private tramways” can possibly be invested in where these already exist in ABUNDANCE – and also face stiff competition from ALL other MODES of Modern Urban Transport – and, from This Example, if we PROCEED to THINK of ALL other areas of CHRONIC “PLANNED SHORTAGES” – beginning ALL MODES OF MODERN TRANSPORTATION – and then, proceeding to Economical, Reliable, and Safe Modern ENERGY – for, in the West today, electricity and gas COMPETE as “domestic fuel” – and a very commonplace advertisement by gas companies proclaims how the flames from their burners are more “controllable” than the heat from electric cooking appliances – and from ENERGY if we go on-and-on to ANYTHING-and-EVERYTHING – and then, we PAUSE-to-REFLECT over how all this CAPITAL will RAISE WAGES – then, we are FORCED to ADMIT that there will occur ENDLESS ECONOMIC GROWTH – and, if there is anything “unsustainable” then it is NOT “economic growth” – it is only the UTTER BRAINLESSNESS of this inflationist-welfarist POLITICAL GAME that is ECONOMICALLY UNSUSTAINABLE – or:
DISECONOMICS is UNSUSTAINABLE!
In other words – clear, plain and accessible to the “commonest understanding”:
MASS POVERTY is UNSUSTAINBLE – and Anything-and-Everything about GENUINE ECONOMIC GROWTH – something that requires GENUINE CAPITALISM – is not only EMINENTL:Y SUSTAINABLE from any “environmental” angle – just LOOK at the “developed” nations of today to CONFIRM this FACT as compared to our cities, towns, and rivers – but also that this ENDLESSLY SUSTAINABLE ECONOMIC GROWTH is EMINENTLY DESIRABLE for not only the Vast Majority of Mankind in the Third World of today, but EQUALLY for the Advanced and Wealthy Populations of the Rest-of-the-World.
Neither rich nor poor need DISECONOMICS.
Neither require ANY New “North-South Dialogue” of FOREIGN AID that the German Socialist Chancellor, willy brandt, and our very own lk jha (ics), and ALL the nation-states of both hemispheres, yakked about during those HORRIBLE indira-is-india decades.
Most importantly, LIBERATED FOREIGN DIRECT INVESTMENTS under Genuine Capitalism would mean that The Consumption of the Poorest on the Planet would SHOOT – which is precisely the UNIVERSAL OPULENCE predicted in The Wealth of Nations in the year 1776 – and which conclusion only CONFIRMS what Mises said (quoted in this recent post) about how FOREIGN INVESTMENTS from BRITAIN, accompanying their TECHNOLOGIES, were precisely what TRANSFORMED the rest-of-the-world in the nineteenth century – that these were not only a BOON for the then UNDERDEVELOPED nations-and-peoples, but actually a FANTASTIC HISTORICAL EXAMPLE of the UNIVERSAL BENEFITS of laissez faire, laissez passer, laissez aller.
In that post I have also quoted Mises quoting from The Evil Nehru – well worth a read, TODAY! – because it PROVES that it is NATIONAL-SOCIALISM – in the Third World – that KILLED BRITISH INDUSTRY – and it was SPREAD throughout the IMPOVERSIHED Third World by The London School of Economics & Political Science!
It is the lse that ALSO established the British Welfare State – and, IF “equality” is The Ultimate Socialist “Value,” then one can only WONDER as to WHY the WEBBS ended up as Lord & Lady Passfield?
Then along came Lord William Beveridge and today it is Lord Meghnad Desai – there have been SO MANY such “labour peers”!
Let us also NEVER forget LORD KEYNES!
UNIVERSAL SUBORDINATION – and NOT EQUALITY – is the True Political Intention of Social Democrats – practiced through MULTIPLE HIERARCHICAL ORGANISATIONS that are ALL eventually SUBORDINATE to The State.
Peter, Lord Bauer of MARKET YARD – the Great Dissenting “Development Economist” who ADMIRED Professor BR Shenoy HUGELY – was a Conservative Peer, elevated by Margaret Thatcher herself, who very famously DISMISSED a gathering of Commonwealth Heads-of-Governments from the Third World with these PRECISE WORDS:
Go Read Peter Bauer!
Incidentally, manmohan made his confident assertion that “sustainable development is not a zero-sum game” at a Conference hosted by The UNION Ministry for Forests & The Environment – to which confident but UTTERLY BRAINLESSS assertion of his, let ME repeat that his LEGISLATIVE-BUREACUCratIC-INTERVENTIONism on this “environmentalist” score, when coupled with The Collective & COMMUNISTIC Ownership & Control over all forms of TIMBER, all forms of WILDLIFE, all “natural resources” from copper and gold to coal and the radio spectrum, and all LEGALLY UNOWNED open spaces as well, is yet another NEGATIVE-SUM POLITICAL GAME that enriches a Few while not only impoverishing the Vast Majority – but ALSO DESTROYING all these “natural resources” – by effecting what Science calls, “A Tragedy of the Commons.”
COMMON PROPERTY is inevitably destroyed – which is WHY homes-are-clean while streets are NOT.
I must add that such BRAINLESSNESS hurts us ALL as CONSUMERS – from the consumer of wooden furniture to that of the mobile phone – and it more-or-less DESTROYS whatever A Few Genuine Capitalists are attempting to accomplish, by SABOTAGING their every HONEST EFFORT.
Forget LOCKE and The Lockean Principle of 1691 – HOMESTEADING is The First Principle of Property – and the KEY to the Very Survival of ALL forms of LIFE – from TREES to ANIMALS and BIRDS – which is WHY – today – thanks to Modern Poultry Farming, NONE are possessed of the INCENTIVE to HUNT WILDFOWL – and BOTH the chicken as well as the egg are not just ABUNDANT-as-never-before – but actually SURFEIT!
And as for wildfowl, there are NOT an “endangered species” today ONLY because of this reason:
HOMESTEADING – is from where the Science of Modern Poultry Farming “evolved.”
Further, and MOST IMPORTANTLY, since the “purported” True Function of any “government” is NOT either “protecting the environment,” nor is it “managing the economy” – but has everything to do with its POWERS to employ BRUTE FORCE for Just Purposes - today’s “Root Cause” column by Sudeep Chakravarty EMPHATICALLY establishes that this current widespread Armed Uprising of our Traditional Forest Dwellers CANNOT be dealt with by the One & Only “MEANS” of Endless Budgetary Expansion for the UNION Home Ministry to recruit, train, arm and equip – and then DESPATCH all these MILLIONS of para-military CENTRAL FORCES with orders to “shoot-at-sight” ALL DISSENTERS-of-the-REGIME – for Sudeep Chakravarty writes that, today, the COPS-in-the-JUNGLES, of ALL RANKS, now “sympathise” with the “cause” of these Armed Guerrillas!
Yeah! – he writes that they say they are just “performing their duties” – precise WORDS that HITLER’s TROOPS “excused” their Own Individual Consciences with:
We Were Only Following Orders!
SUBORDINATION – is The New Religion! – of State Worshippers – UNIVERSALLY!
Thus, ENDLESS BUDGETARY & STATE “GROWTH” – when COUPLED with this “sustainable development” NEGATIVE-SUM POLITICAL GAME as well as this ECONOMICALLY UNSUSTAINABLE inflationist-welfarist POLITICAL GAME – all of these signify Utter Brainlessness on the part of this STATE and, whatever be its POLITICAL GAMEPLAN, this “game” has been well-and-truly LOST.
And this means – what else? – but that the BRAINLESS lose the “loyalties” of even their MERCENARIES!
Thus, ENDLESS BUDGETARY, LEGISLATIVE, BUREAUCratIC, INTERVENTIONIST, WELFARIST and MILTARISTIC EXPANSIONS of this STATE are UNSUSTAINBLE in each-and-every SENSE – and this UNSUSTAINABLE STATE cannot be MAINTAINED by the FORCE-of-ARMS either – which PROVES my point in that Very Long Post in which I argued in favour of PRINCIPLES – and outlined and explained in full detail, accessible to the “commonest understanding,” the Principles of The Law – a post in which I also explained the “logic” of both “Just War” – which requires “collective force” – as well as Republicanism – which lies at the Root of the Greek word “politics” – so, continuing from that longest ever post on this blog so far, let me add that whatever may be called “constitutionalism” in the FUTURE – can ONLY refer to ALL that ANY COLLECTIVE FORCE is “authorised” to do – and, from All the Principles outlined in that post, it “logically follows” that there is NOTHING that any “collective authority” can be lawfully authorised to do that PRIVATE FORCE CANNOT UNDER THE LAW.
Hence, ALL forms of “legal plunder” – ALL forms of “false philanthropy” – ALL “unjust wars” both internal as well as external – and ALL INVASIONS OF PRIVACY and PRIVATE SECRECY cannot be legitimately authorised to ANY collective authority in any Free Republic of The Future.
In other words:
Since Private Persons CANNOT violate the Properties & Privacies of others under The Eternal Law – nor can they violate their own solemn CONTRACTS – neither can they “collectively authorise” ANY COLLECTIVE AUTHORITY to do so on their behalf – since they do not possess this “lawful authority” in the first place – that is, ALL those Private Members of ANY “constituent assembly” of the future CANNOT lawfully authorise COLLECTIVE ACTIONS they themselves CANNOT lawfully commit as INDIVIDUALS.
Thus, any “collective force” employed in any Just Purpose – such as a Just War – or for Public Disorders such as RIOTS – can only be for the same purpose for which Private Persons can legitimately do the same: and that is, To DEFEND Life & Property.
Just as Private Aggression is UNLAWFUL, so, too, is Collective Aggression.
“Mind-your-own-Business” is The Ruling Ethic – for ALL.
This is also what INDIVIDUALISM is based upon – only possible if ALL OTHERS let YOU “do your own thing.”
COLLECTIVISM – it is nothing but “organised interference & coercion” in the “name” of “civil government” – or even “democracy.”
Add to this collectivism their DISECONOMICS – and you discover that anything-and-everything about this New Ideology is ANTISOCIAL for, its very “politics’ is deliberately designed to generate endless CONFLICTS, by pitting GROUPS against each other: class, religion, race, caste, language… ANYTHING!
Thus, the Principles of The Eternal Law must come FIRST – and then, The Laws of Economic Science – and all “politics” MUST PERFORCE ADJUST its Own Conduct.
Now, any New Free Republic requiring Genuine Constitutionalism must first “learn” what ERRORS have been committed by Modern Liberal Constitutionalism – or how, despite all their “intentions,” they FAILED because they failed to “limit” their “collective authorities” in many-a-way:
LegislationISM – and How these “acts,” “measures,” and “policies” are ALL “authorisations” of ACTIONS by “collective authorities” that NO PRIVATE CITIZEN is ever permitted to “commit” Under Law, as “commonly understood” once-upon-a-time.
In the “economic sphere,” an excellent and highly educative read is Frederic Bastiat’s short play, “Protectionism – or, The Three Aldermen” – on How legislators “combine” to “authorise” the Use of Indirect Force by the State only in order to promote their own, PRIVATE GAINS, something they simply CANNOT Under Law.
In another essay, Bastiat provides the hilarious example of a French steelmaker who hates the cheap iron-ore coming into France from Belgium and, since he cannot “legally” – though he sure can “financially” as he is extremely wealthy – arm men to shoot anyone bringing iron ore into France from Belgium, then takes the “legal” path and travels to Paris, there to suitably “arrange” matters with The Minister, after which, both this French steelmaker and this French Minister “laugh all the way to the Banque de France – while all the French SHEEPLE not only pay MORE TAXES for the MORE GUNS & LARGER CONSTABLULARY of the French Customs Department, they ALSO PAY MORE for STEEL!
NEGATIVE-SUM POLITICAL GAME!
And do note that Bastiat was “elected” to the French Assembly in his time – and his biographer does tell of not only how HORRIFIED he was by goings-on within this chamber, as do many of his writings, his exact “voting behavior” within that Legislative Assembly is what led Charles George Roche III to the title of his biography:
Frederic Bastiat: A Man Alone
From Bastiat’s “manifesto” – this quote on his Principled Opposition to State Education is nothing short of EXTRAORDINARY – given the times we live in:
If you want to have theories, systems, methods, principles, textbooks and teachers forced on you by the government, that is up to you; but do not expect me to sign, in your name, such a shameful abdication of your rights.
Since Bastiat has employed the expression “abdication of your rights” in the quote above, let me now add that Another Great Error of Modern Liberal Constitutionalism is this nasty business of “political rights” – beginning with the American “Bill of Rights” of 1776, of which practically NOTHING remains today, and by the word “practically” I am referring ONLY to their “Right to Pursue Happiness” – which is the “practical” reason why EVERYONE WORKS.
Today, AFTER the Day’s Work is over-and-done with – ALL AMERICANS GET FUCKED!
What the FUCK did they WORK for?
Surely, NOT for THIS “born-to-be-jailed” HELLHOLE!
Therefore, LIBERTY comes first – and ALL “political rights” are not just MEANINGLESS, but also USELESS – all LEGAL FICTION – part-and-parcel of LEGAL MALPRACTICE.
Here is the Good American LIBERTARIAN JUDGE, Andrew Napolitano, DEFENDING mankind’s “natural right to travel.”
But, if YOU wish to TRAVEL – does ANYONE have a “legal obligation” to obtain for you, say, an airline ticket? NO!
But ANYONE who is possessed of even a reservation in a HOTEL anywhere-on-the-planet has a “LEGAL RIGHT” to occupy that room – and NO COLLECTIVE AUTHORITY can be COLLECTIVELY AUTHORISED to prevent him from occupying that room – which would ALSO mean a COLLECTIVE VIOLATION of a PRIVATE CONTRACT for the Hotel Proprietor, apart from an ECONOMIC LOSS.
This implies that ALL “consensual trades” with the Whole of Humanity are LAWFUL – for ALL residents of any Free Republic – and NO COLLECTIVE AUTHORITY can intervene in ANY of these Under Law – that ALL such interventions are essentially UNLAW.
LIBERTY FIRST – to CREATE PROPERTY - followed by CONTRACTS – all INVIOLABLE by PRIVATE PERSONS – hence INVIOLABLE by any COLLECTIVE AUHTORITY.
What Individual Force is NOT permitted to commit is also NOT PERMISSIBLE to any Collective Force – and NO CONSTITUENT ASSEMBLY can either “legally” or even “logically” authorise ANY SUCH ACTIONS on the part of any collective authority.
The Second Gross Error of Modern Liberal Constitutionalism – which naturally followed from their first – since legislationISM is what “authorised” all their “legal tender funny money”MONOPOLIES – something NO PRIVATE GOLDSMITH-BANKER could EVER do UNDER LAW as “commonly understood” even in the London of 1690, when their Bank of England’s MONOPOLY over note issue was “collectively authorised” under their New Constitution of “parliamentary sovereignty” – which REPLACED their TRADITIONAL CONSTITUTION of “parliamentary representation” over ONLY their sovereign’s TAX PROPOSALS – thus, if wee the most fucked-up poorest-of-the-poorest SHEEPLE on The Planet “learn” from The Gross Errors of the Modern West – then, TAXATION MUST BE LIMITED – which implies LIMITED BUDGETS.
Of course, in my “IDEA” of The Ultimate Res Publica I did IMAGINE a Free Republic in which anything-and-everything is PRIVATELY SUPPLIED – hence a Free Republic with ZERO TAXATION – but this IDEA of a few months ago is only SUBSTANTIATED by the little noose I read the other day – of how THEY are now planning to introduce “congestion charges” on the streets of Nude Elly – for, it becomes OBVIOUS, especially when we LOOK-and-SEE the Compleat and Total MESS in this capitalshitty – then, private roads and streets, private footpaths with private contracts for street-vendors, to private parking facilities that EMPLOY PRIVATE CAPITAL and not just these poorest-of-the-poorest “parking labourers” all-over-the-place employed by STATE CONTRACTORS for the purpose, with ZERO CAPITAL – the issuance of the parking contract being the Only Capital Investment involved for the contractor – well, MY Ultimate Res Publica NOW seems to be A Truly Capital Idea!
But, otherwise, if TAXATION is necessary, certain LEGAL as well as ECONOMIC Principles must be kept uppermost-in-mind:
First: Taxation-without-Consent is ALSO a Violation of Property – hence, the Legal Need for Universal Consent within that jurisdiction to any-and-every Tax Proposed.
Thus, NO ASSEMBLY of “REPRESENTATIVES” can ever be “constitutionally authorised” with a “LIBERTY to TAX.”
From the Principles of Law – to the Canons of Public Finance – and these yield the “REGRESSIVE” nature of ALL INDIRECT TAXATION, the harmful consequences of ALL PROGRESSIVE TAXATION, the EXPROPRIATIVE nature of all taxes on, first, INCOME, then on INHERITANCES, as also those on CORPORATE PROFITS, CAPITAL GAINS, and ALL other “cesses,” “levies,” and suchlike.
Therefore, ALL these “sources” of taxation should NOT be “authorised” – under ANY CIRCUMSTANCES, including even a Just War.
Further, my IDEA of The Ultimate Res Publica, even if unrealisable, does impart The Valuable Lesson that, if TAXTION is to be MINIMAL, then Private Provision of whatever the Free Republic might require MUST be MAXIMISED.
Having LIMITED the “collective” by LAW as well as by its BUDGET – and having clearly explained why LIBERTY comes FIRST, why “political rights” are LUNACY, and also why, Under Law, with the LIBERATION of ALL “consensual trades” between any such Free Republic with All of Humanity – I TRUST NONE will ever CONSENT to “customs duties” or to ANY OTHER form of taxation or even intervention in the International Division of Labour – and the Liberty to Trade by Land and Sea will prevail without any such “encumbrances.”
Thus, the One & Only Question that remains is:
What the FUCK are the “collective authorities” supposed to DO – as in the word “WORK”?
So, we come to THEIR “duties & responsibilities” – which are THEIR CIVIC DUTIES & CIVIC RESPONSIBILITIES – which YOU can surely figure out for yourselves.
Hence, a recent lead editorial in the Times of India, saying words-to-the-effect that the chief ministers of Waste Bengal and Tamil Nadoo, by banning a film, have not “performed their constitutional duties,” is not just ABSURD, but also a BALD LIE, for this constitution of THEIRS only assigns “duties of the citizen” – while “authorising” this “collective authority” that it has established to do what NO CITIZEN can EVER DO Under The Law – and, all this, in the “name” of The Collective Good!
THE COLLECTIVE – is a MYTH to DIE by – and it is KILLING YOU!
Reality, Markets, the “business-of-life” – these are ALL about INDIVIDUALISM – about PRIVATE PROPERTIES, and from this, it logically follows that the LIBERTY of each-and-every Individual means nothing less than that All Other Free Individuals ALSO “mind their own business” – which is, “Liberty from One’s Fellows.”
ALL CURRENT UNLAW MUST BE ENDED FORTHWITH!
Let me conclude by saying that I once read, in a “special issue” of The Economist magazine long ago, a magazine whose founding editor was Walter Bagehot, author of Lombard Street, an article by its then editor, whose name I still remember, a chap called Bill Emmot, that, “The World CANNOT ever have A SHORTAGE OF CAPITAL”!
So, that’s The Choice of Opinion before YOU, dear reader – it is The Choice between:
Inflationist Welfarism and “Direct Cash Transfers” to the poorest-of-the-poorest BOOSTING RURAL DEMAND
Cheap Loans for the hire-purchase of CARS and APARTMENTS similarly BOOSTING DEMAND
MICROFINANCE as “good for the poorest-of-the-poorest” – instead of HARD MONEY like COINS of PURE COPPER, for example, given that COPPER FUTURES are rosy-getting-rosier by the day.
Recommended reading: This excellent advisory on “HOW to store YOUR stock of Precious Metals” – and WHY – from Good Ol’ LewRockwell.com, of course!
Which is How Science Progresses.