Some
free marketers don't know capitalism when they see it.
1) Easy credit from the Federal Reserve,
1) Easy credit from the Federal Reserve,
2) small business loans
from the S.B.A.,
3) incorporation as an L.L.C. (which confers privilege to be irresponsible of legal and financial liability),
4) the granting of patents, trademarks, and other forms of intellectual property rights,
5) continued insurance of business accounts by the taxpayers (through the F.D.I.C.),
6) giving trade promotions and protections,
7) favorable professional regulation that has the benefit of shutting out established firms' competitors,
8) sometimes even subsidizing and bailing out, and
9) protecting physically with state employed police and military, and state licensed "private" security guards:
3) incorporation as an L.L.C. (which confers privilege to be irresponsible of legal and financial liability),
4) the granting of patents, trademarks, and other forms of intellectual property rights,
5) continued insurance of business accounts by the taxpayers (through the F.D.I.C.),
6) giving trade promotions and protections,
7) favorable professional regulation that has the benefit of shutting out established firms' competitors,
8) sometimes even subsidizing and bailing out, and
9) protecting physically with state employed police and military, and state licensed "private" security guards:
These
are all ways in which government protects each one of the businesses
in this country. Not each business receives all of these, but nearly
all receive at least a few.
The
taxpayers - a group which includes poor people, who pay sales taxes,
income taxes, and innumerable opportunity costs - foot the bill in
each stage of this process. Anyone who supports retaining the state's
monopoly on these things, cannot be said to support competition, not
free markets, nor true statelessness.
Leaving
aside the issue of whether and where it's legal to fully own property
in the first place, anyone who is born without property is coerced
into either foraging and homesteading for survival (if possible and
legal), or else selling one's labor. Those are the only "legitimate"
modes of survival which do not involve either theft or violating
minor infractions which arguably criminalize victimless crimes.
Aside
from being coerced into "choosing" from among these, to
whom we shall sell our labor, we are additionally coerced into
relying upon established sellers for food and other products, because
our foraging and homesteading options are limited, and because our
ability to go into competition with those producers is limited by an
regulations.
And
in a "free market capitalist" system with "minimal"
regulations, "minimal" will be excused to justify any or
all of the business privileges I have listed, based on the false
assumption that capital is the source of wealth (rather than land and
labor, which come prior to it).
That
idea, of course, is what leads to the notion that corporate tax
credits are socialist. Because only someone so deluded as to think
free markets must involve even "minimal" business supports
(from the state), would argue that allowing corporations (which the
public created) to keep more of the money it has stolen while
maintaining its books with taxpayer backup, counts as giving workers
collective ownership of those corporations.
For more information, please click the following link to read my previous article on this subject:
Originally Written on August 11th, 2018
Edited
on December 1st,
2018
Published
on December 1st,
2018
