The term capital is used in different ways in different contexts. In investment, it is how much wealth a person has. In business, it is the sum of your assets, or assets minus liabilities. In some economic contexts, it is any durable good that is used to produce other goods. In certain economic contexts, capital consists of anything that enhances your ability to perform economically useful work. So, anything that makes you productive would be considered capital. Some people prefer other definitions that exclude things like land and labor.
The common theme is that capital is something that people can use to do what they want to do. Continue reading →
Some like to describe ancaps as alt-right or right-wing libertarians. The reason is that in the American political spectrum, right-wing politicians occasionally use rhetoric that is somewhat close to what an ancap would think and say. For example, the technically-true but misleading “taxes are too high” or an insincere variant of “property owners should get to decide how to use their property”.
With friends like that, who needs enemies? Yet, the American-left’s hysterical call to follow Venezuela into the 9th level of hell is so abhorrent that Continue reading →
In his book, A Spontaneous Order: The Capitalist Case for a Stateless Society, Chase Rachels does an excellent job conveying insights from both libertarianism and economics. He uses clear explanations of basic concepts and persuasive examples for applications. He relentlessly identifies aggression as the root cause of society’s problems, and the state as the primary source of aggression. Most importantly, the book is permeated by a Rothbardian hatred of the state, which will make it an enjoyable read for any ancap.
Rachels makes frequent use of long passages quoted from other works. Thankfully these are drawn from some of the best sources on libertarianism and economics: Continue reading →
Picture this. You find something you would like to buy online. You try to place the order, but the retailer informs you that they cannot ship the item to your address. Why? The local government banned that item and won’t let them send it to your home. What can an libertarian do?
Leave it to the free market to find a solution. Package forwarding services let you ship a package to one their warehouses located in places where the government has not banned the item you would like. Once the package arrives, they will then Continue reading →
When I explain anarcho-capitalism to the average person, I usually say that it is a philosophy that combines the peaceful society advocated by libertarianism with the rapid technological progress and high standard of living produced by capitalism.
Saying that anarcho -capitalism produces the most peaceful world, the best technology, and the most wealth is true. However, those are really just the effects of anarcho-capitalism. They are a kind of a hook to show how appealing ancapistan would be, but they do not really explain what it is.
In the television series Star Trek, characters are often challenged with new and interesting ethical dilemmas. One of the best such challenges occurs during the episode “Tuvix” from the second season of Star Trek: Voyager.
Libertarianism says that people should not cause conflict. It wants everyone to get along. That’s why the non-aggression principle, which libertarianism is based on, is so simple. It does not tell you how to live your life. It just says not to cause problems in the lives of other people. This rule is great in theory, but not in practice. Not because libertarianism isn’t practical. It is. However, applying the non-aggression principle to everyday situations can be quite difficult.
The reason is that people do many different things each day. They make choices and take chances that can potentially affect the lives of other people. Trying to evaluate whether any particular thing you might do will cause conflict, and thus violate the NAP, could take a long time. Try doing that for everything you might do in a day and you won’t have time to do anything else.