Real capitalism falling down drunk
David Honig
honig at sprynet.com
Thu Dec 6 10:33:17 PST 2001
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.
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