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Old 02-03-2008, 10:03 AM
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GeneCosta GeneCosta is offline
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Quote:
Originally Posted by Chaospandion View Post
I'd like to apologize for making that post in the heat of capitalist passion. Personally I don't believe a true market has every been implemented. Do I believe it to be possible? I'd like to think so. I personally have nothing against Keynes himself. He may have had the noblest of intentions but the really of implementing massive federal intervention leads to corruption and inefficiency. I believe the job of the government is to arrest crooks who trample rights in their quest for economic power. In short:

The larger the bureaucracy, the more corruption.

We should allow the people to speak with their money. An economy is so complex that one person or a group of people cannot manage it without a fiat system which in turn hurts the middle class. I am defiantly not alone in this and the fight has been going on ever since the formation of the bourgeois.
I don't necessarily disagree with your opinion about federal bureaucracy. Have you looked into left-libertarian capitalist thought? Decentralized, libertarian social involvement in private enterprise. http://en.wikipedia.org/wiki/Left-libertarianism

A word of warning, though: left-libertarianism is a broad term that encompasses left-rothbardianists, libertarian socialists, anarcho-communists, and mutualists.
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  #12 (permalink)  
Old 02-03-2008, 11:45 AM
Chaospandion Chaospandion is offline
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The page does bring up some interesting viewpoints.

If you take into account the realities of humanity. A company in a position of power would not dare abuse its position when its main means of profit are not under their control.

If you consider land to be a commodity of private enterprise while natural resources the property of the people. This opens up a channel of control over abusive monopolies wherein anyone who wants to take a raw natural resource from the store of the people they must "purchase" it. In turn the resources become their property to use and develop as they see fit.

Direct taxation would therefore not be required. All necessary services can be provided by the natural act of economic activity.

This also means that anyone can enter a market equally where the cost of being within a market is based on market share.

Oh such a system would be bliss under the control of the right people! Now if only we could stomp out corruption.
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Old 02-04-2008, 07:30 PM
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The "church" of Keynes is no worse than the church of Mises, Friedman, Samuelson, Veblen or Marx.

And Keynes' work was bastardised very early on beginning with Hicks in the late 1930s and brought back into the neoclassical orbit, the only Keynesians which are really that close to Keynes are the post-keynesians and people liek Nicky Kaldor, Geoff Harcourt, Joan Robinson etc etc
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