11 ms·
This is lazy libertarianism at its worst. > But a free market economy is not a pie. Of course it is. Wealth is exclusionary control over finite resources, and
by djrobstep 6y ago
This is lazy libertarianism at its worst.
> But a free market economy is not a pie.
Of course it is. Wealth is exclusionary control over finite resources, and coercive control over others (particularly their labor). My ownership of my car literally means the right to exclude others from the usage of it.
> Bob creating more wealth than Fred does not mean that Bob took it from Fred.
Yes it does. Property law violently denied it from Fred, on behalf of Bob.
> There's nothing unfair about Bob creating more than Fred.
Yes there is. Wealth isn't creation, it's about control (ask any open source developer about this). It's about Bob forcing Fred to work for sub minimum wage in his chain of stores because Bob inherited them from Bob Snr.
- edmundsauto 6y agoDo you think there is difference in peoples ability to compound wealth?
- djrobstep 6y agoOf course.
- WalterBright 6y ago> ask any open source developer about this I am a full time open source developer, and wealth is created.
- djrobstep 6y agoYou are mistaken. Goods and services are created, and then control over them is allocated via property law.
- WalterBright 6y agoGoods and services are created, i.e. wealth is created.
- djrobstep 6y agoGoods and services are not wealth, control over goods and services is wealth.