TGIF: We Are the Economy They Want to Regulate

Critics of the libertarian philosophy think they can score points by calling libertarians “market fundamentalists.” It’s supposed to conjure images of dogmatic religious fundamentalists, just like the term global warming denier is supposed to conjure images of Holocaust deniers. It’s a smear, of course, and if you think the tactic discredits those who employ it, I agree.

The fact is that libertarians cannot be market fundamentalists. Why not? Because in the libertarian worldview, the market is not fundamental. What’s fundamental is every person’s right to be free from aggressive force. So fine, I’m a freedom fundamentalist. Guilty.

Read TGIF at The Libertarian Institute.

TGIF (The Goal Is Freedom) appears on Fridays. Sheldon Richman, author of America's Counter-Revolution: The Constitution Revisited, keeps the blog Free Association and is executive editor of The Libertarian Institute. He is also a senior fellow and chair of the trustees of the Center for a Stateless Society and a contributing editor at Antiwar.com. Become a Free Association patron today!

TGIF: Free-Market Socialism

The freed market would give traditional leftists what they say they want: a society in which free, voluntary, and peaceful cooperation ultimately controls the means of production for the good of all people.

Read it here.

TGIF: The State Is No Friend of the Worker

The election season is upon us, and we’re hearing the usual political promises about raising wages. Democrats pledge to raise the minimum wage and assure equal pay for equal work for men and women. Republicans usually oppose those things, but their explanations are typically lame. (“The burden on small business would be increased too much.”) Some Republicans endorse raising the minimum wage because they think opposition will cost them elections. There’s a principled stand. 

In addressing this issue, we who believe in freeing the market from privilege as well as from regulation and taxes should be careful not to imply that we have free markets today. When we declare our opposition to minimum-wage or equal-pay-for-equal-work legislation, we must at the same time emphasize that the reigning corporate state compromises the market process in fundamental ways, usually to the detriment of workers. Therefore, not only should no new interference with the market be approved, but all existing interference should be repealed forthwith. If you omit that second part, you’ll sound like an apologist for the corporatist status quo. Why would you want to do that?

It's all here.

Op-ed: Bangladeshi Workers Need Freed Markets

"Pro-sweatshop" is not a libertarian position. See why here.

TGIF: Market, State & Autonomy

Markets Not Capitalism

This new book, Markets Not Capitalism, edited by Gary Chartier and Charles W. Johnson is definitely worth checking it out. Contributors include Kevin A. Carson, Roderick Long, Charles W. Johnson, Joseph Stromberg, Brad Spangler, Shawn Wilbur, William Gillis, Joe Peacott, Jeremy Weiland, Mary Ruwart, and classics from Karl Hess, Roy A. Childs Jr., Benjamin Tucker, Pierre-Joseph Proudhon, and Voltarine DeCleyre. Oh, I'm in there too.

A Better Fit

For the life of me, I can't see why "capitalism" fits the hitherto-unrealized free market better than it fits the actual American system of business privilege favored by Hamilton, Clay, Lincoln, and their successors up to the present.

Libertarians Against Capitalism

I've started a group by that name on Facebook. Thomas Hodgskin, mentor to Herbert Spencer, is the inspiration. Here's the official description:

We are a group of libertarians who understand that historically the word "capitalism" has meant, not the free market, but crony capitalism -- that is, collusion between business and State at the expense of consumers/workers. Thus we refuse to use the word "capitalism" to describe what we favor: individual liberty in all respects and free, competitive markets. We believe that what we have today IS capitalism -- and we oppose it.

I like what Brad Spangler said in a comment:

Which is more direct, a two-step process or a one-step process?

A: 1) Convince people the status quo is not capitalism & 2) Convince people that "capitalism" in the sense of a freed market is the remedy to the status quo?

-or-

B: 1) Convince people that a freed market is the remedy to the capitalist status quo?

No, that's not Thomas Hodgskin up there. Apparently there are no pictures of him. Instead, I've used Benjamin Tucker, who's a darned good stand-in.