Libertarian Economic Logic (chart attached)

[jim bell]

    On Wednesday, September 18, 2019, 03:25:56 PM PDT, Punk <punks at tfwno.gf> wrote:  
 
 On Wed, 18 Sep 2019 20:24:19 +0000 (UTC)
jim bell <jdb10987 at yahoo.com> wrote:

>  On Tuesday, September 17, 2019, 08:19:27 PM PDT, Punk <punks at tfwno.gf> wrote:
>  
>  
>  On Wed, 18 Sep 2019 03:00:58 +0000 (UTC)
> jim bell <jdb10987 at yahoo.com> wrote:

>> Again, you clearly DISAGREE with what I said, but you've said nothing to DISPROVE it, 


 >   What makes you think that your baseless assertions have to be 'disproven'? You just ASSERTED stuff, you didn't 'prove' it, so it doesn't need to be disproven. 


You are misrepresenting what I said, and that amounts to a 'strawman argument'.  https://en.wikipedia.org/wiki/Straw_man        Yes, I asserted, but it was with an argument, but the only thing you did was to merely deny, with no argument at all.  


 >   But OK - let me 'disprove' this especially ridiculous bit : 

  >>  "Then came the Industrial Revolution, when products began to be made mostly, and eventually almost completely, by machines (and later, even robots)." 

    
    It is 'self-evident' that even to this very day little things like say, skycrapers or huge container ships are not made by 'machines'. They are made by people using tools. Lots of uh, WORKERS, work, for instance, in construction.
That is a kind of work, and the people who do it are paid quite well.  Quite possibly overpaid.   In any case, they are paid for the work they do.  They are not entitled to a fraction of the productivity of the people who will eventually live and work in the building they constructed.  

   > As to the so called 'industrial revolution' 

    http://victorian-era.org/victorian-children-in-factories.html
    Child Labour in the Mining Industry
    
>   So now, you should be asking yourself a few questions : 1) Is there a free market? 

I've never claimed that there a 'free market', at least in the last few hundred years.  

>2) Was there EVER a free market?

I cannot think of one.  

 >3) How did 'capital' get distributed? 

I think of "capital" as merely accumulated wealth that the owners decide to invest in a venture they predict will be productive. I've never liked the term "capitalism", because it is only one aspect of what ought to be a "free market".   The modern term might be "crowdsourced investment money".  

"4) How is capital distributed today?"

Your question is vague.  Maybe you should answer your own question, so we will all know what you meant.

 >5) How are prices determined in the current fascist enviroment? 

To some degree, there is usually competition.

 >   and 6) what is this? 
>    The Big Bank Bailout

I'm not defending today's (or yesterday's)  societies, claiming that they represent "the free market".  

                              Jim Bell

    
    



  
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