| Re: Why Do Liberals Love Hunger? |
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Group: alt.philosophy · Group Profile
Author: PubliusPublius Date: Apr 8, 2007 11:25
> Of ourse you would say that, since your dogma is that capitalism never
> has negaive consequences.
> But how does the ordinary Russian fare when everything is owned by 100
> people?
Very poorly. But if everything is indeed owned by 100 people, then we do not
have capitalism. That situation cannot occur under capitalism. It can only
occur absent a rule of law, where wealth is acquired through force and fraud.
E.g., via baksheesh, corruption, racketeering, and intimidation.
Capitalism is the system in which property rights are recognized and
respected and all exchanges are undertaken voluntarily, without force or
fraud. Need to keep that in mind.
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