It is often said that Capitalism failed or Capitalism doesnt work, as if Capitalism is a political-economic or socio-economic system, which is a fallacy. Since Capitalism is often discussed in contrast to, or in comparison with, true political-economic or socio-economic systems such as Socialism, Communism, Fascism, Corporatism, a mixed economy, etc., it suffers labeling as such a system, even though, in reality, Capitalism is the *absence* of such a system. I argue that the merits of Capitalism should not be discussed or debated in such a context, because it leads people to believe that Capitalism is merely another variant of the many other systems, and thus the benefits of Capitalism are comparable to, and debatable with, those of the other systems—rather than leading people to the understanding that Capitalism is, in fact, the *absence* of such a system, and therefore the benefits of Capitalism are not truly comparable or debatable to those of the others. Apples and oranges, as the saying goes. Thus, Capitalism should always be discussed as distinct from *all the others categorically*, as it is the only one premised on human rights, personal liberty, individual sovereignty, and private property rights (i.e., the absence of political management or intervention). All the others, regardless of which label or to what extent, are premised otherwise (i.e., the presence of political management or intervention). Capitalism is not a system; it is instead a *natural occurrence.* It is voluntary human action on a grand scale, and is the result of liberty. When people have the right and liberty to produce what they wish, buy/sell/trade what they wish with whom they wish, and their property (including their wealth) is protected from theft or destruction by others—including the state—Capitalism is what results. Or, as I like to say: Capitalism happens. In a free society, people who produce more than they consume then have the liberty to invest the difference—i.e., capital—in whatever way they wish. And, of course, a robust economy develops as a result. When millions of people in a society are creating excess capital, the entire economy explodes and that society becomes extremely wealthy. Fact is, Capitalism didnt fail, Capitalism was *ended* in the US, probably beginning with the Sherman Act of 1890, by which the national government seized authority over the nations previously free enterprise; so true Capitalism hasnt existed in the US for over 100 year—actually, around 125 years—meaning anyone alive today has never experienced Capitalism, let alone be in a position to complain about it. What DID fail, however, was The American Experiment, the dismal failure of which has proven, once and for all, that governments can not—will not—be constrained by law. The simple fact that governments write, interpret, and enforce the law, and hold a monopoly on the use of force and violence over the people, is evidence enough that the entire idea is flawed, and the power vested in governments will inevitably be abused. Its only a matter of time. This brings me to my point: though the attached video is not a new one, it still rings true. In it, Judge Napolitano, in his listing of so many things that have gone wrong with the USs systems of government, has in fact laid out exactly why the idea of limited government, or The American Experiment, has failed, and why the concept of government restrained by law always will. Now that humanity has tried the experiment of legally limited government, and witnessed its dismal failure, there is only one recourse: stateless society. And fortunately, technology has enabled the possibility of this idea, and just in the nick of time. I believe stateless society to be the only viable solution, the only hope for the survival of humanity (outside of global slavery under one-world governance). Worth a watch:
Posted on: Sun, 21 Dec 2014 16:23:34 +0000