6 Dec
2001
6 Dec
'01
1:48 p.m.
At 05:35 AM 12/7/01 +1100, mattd wrote:
Dave Honig wrote...Joe the nailmaker invests in a machine to make nails faster than he can by hand. Who has he coerced?
Who cares? its low level market and
trade
Well, I care about coercion; and you state that 'capitalism is coercion'.
The implicit coercion is the protection racket of the state lurking in the background and attempting to monopolies money.
Joe bought his machine in a mutually consenting transaction, no State involvement.