- You wrote: I’m not making this into a discussion on the LTV, but if you truly believe that every rich person deserves their wealth you are living in a fantasy land. Hell yes most of it is ill-gotten gains. Who does the country (I assume you’re American) you live in actually belong to?
Yes, I’m in America. And I doubt that most wealth is ill gotten. Ill gotten means taking something without giving something in return. And yet I see the incredible amounts of products around, I can but assume somebody must have produced them and gotten wealthy that way. Meaning his wealth is not ill gotten at all.
Now if the question is “What do we do about ill gotten gains?”, it would be throwing away the baby with the bath to say “take everybody’s money away forever, ill gotten or no.” That would be grossly unjust. Also it is unproductive, because it would kill all incentive to work.
Don’t you think cases of ill gotten gain should be treated on an individual basis? Do you think that all members of group X should be killed, if we grant some, or even most, of them are bad in some way? Say country X agresses against country Y. Should we just drop hydrogen bombs on country X to kill them to the last man? While we are at it, should we kill the whole human race because soem members of it are murderous psychopaths?
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It is not democratic, but why is democracy good or just? As for why does one person have a billion votes, it is because he worked a billion hours. The ones who have no votes either did not work, or are living in a socialist society which has impoverished them.
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You wrote:
Or that they can’t afford it. You seem to take it as given that everyone has money. You do realise there’s a shitload of poor people in the world, right?
And this is not even getting into how the aggregated subjective individual wants of people will not bearing about the same result as a collective democratic decision.
There are poor people in the world, because they are living under oppresive [=socialist] govts. Giving them the money of the wealthy will not change their govt, will it? So you are attacking the symptom, not the cause.
I’m not sure what a collective democratic decision even is. Do you mean that the majority forces its will on the minority? I think that is a bad thing, not a good thing. Do you think a collective decision is not subjective? Do people suddenly change their inner beings and become other wordly angels when they vote?
- You wrote: Are you high? How much denial of reality are you capable of? Sure, making people happy is one way. Stealing from them is another. Or did Imperalism not happen?
I didn’t realize we were discussing fraud and theft. I thought we were discussing honest means of making a living, contrasting a free market with socialism. Both will be plagued by crooks and thieves that will have to be dealt with. And that theft can have far reaching effects is true. But so what? We are discussing capitalism and socialism, not theft. [Though from what I gather about socialism, it is sheer theft, until such time as mankind evolves to the superior being you were talking about earlier].
Or maybe it just doesn’t have far-reaching effects even today, that make it possible to exploit people in the third world, by for instance employing them in sweat-shops?
You are making a big mistake about sweat shops. Those who work in so called sweat shops are there of their own free will, very happy to be there. When do gooders mistakenly pressure the shops to close down, the female workers then usually become prostitutes. Do some research. In any case, a thief is a thief whether he lives in a capitalist or socialist country. Not sure why you brought up the subject.
Or is this not something that concerns you, because it is somehow wholly the governments fault, and in a free market system there would be no unequal power relations?
What do you mean somehow? Look at who is running poor countries. Look at the laws in those countries.
In a free market system, absent govt meddling, the power would accrue, deservedly, to the one who pleased the most people, as I explained. When he stopped pleasing them, someone else would, and that new person would get the power.
- You wrote: And some things can never be, because there is no profit in owning them.
I fail to understand you. Look around your room at the things you own. Do you make a profit from most of them? From your television, your furniture, your everything? The world is, fortunately, full of things called consumer goods. A rich man may very well buy a waterfall just for the pleasure of looking at it. It happens all the time.
Besides, the only incentive to protect something is still profit.
Not at all. It’s because it is mine, and I don’t want it ruined. Are you careless with your TV because it makes you no profit?
If I make more money by dumping waste on a piece of my own property (or letting someone else do it for pay - consider how nuclear waste is sold to poor countries) I have no reason not to do it.
That may be so, in your personal case. But then, if there were people who cared enough to buy you out, they would preserve the beauty.
As for nuclear waste sold to poor countries, there again we have govt meddling. I doubt the sellers of nuclear waste made the deal directly with the owner of the land. He would never agree. And if he did, that’s his concern. Unless it damaged my property, too, in which case I should be able to sue him, or forbid him to do it in the first place.
- The reason is that those countries without a free market and/or a tyrannical oppresive govt starve. [Am I repeating myself? Maybe some of the tyrants merely use socialism as an excuse to grab everything. But Hayek argued that socialism leads to tyranny. It’s a chicken and egg thing, I guess]. As simple as that. Can you name me a country with a free market whose people are starving?
As for people poor in China, give them time to recover from Mao, and give them more freedom. Right now they have an aggressive central bank [=govt], a sure way to impoverish.
- You wrote: What I said was that in our current system, investing resources in the construction of a Wii while human beings are dying, human beings that those resources could potentially save, is still a perfectly valid and rational decision.
I don’t get this at all. In a free market, those people would be hired to work in the Wii factory and other places and have food.
The price mechanism cannot take ethical questions into account, such information is not carried. All the entrepreneur sees is that there is a demand for Wiis, and responds.
And that’s all he needs. If there are starving people, some entrepeneur will get very rich feeding them, in a free market.
When there is a need for something, people can work enough to afford it [=create purchasing power for themselves], and thus create demand, and thus a businessman will meet that demand because he wants to make money. Especially the basic neccesities, which are fortunately so inexpensive.
Do you not think that absent govt interference, businesses would flock to poor starving countries to take advantage of the cheap labor, thus feeding them all? And thus making them progressively wealthier? People are already talking about it all the time.