Friday, October 28, 2011

The Tenets and Benefits of True Capitalism

10/28/2011 Portland, Oregon - Pop in your mints…
We have been kicking around the idea of True Capitalism and cannot shake it.  In our experience, the only hope we have of shaking it and moving on is to write it out, so here it is.  Thank you for listening, fellow taxpayer.  It may be simply a directionless rant, then again, we may solve the world’s problems.  Either way, we aim to make it entertaining.

We will start with what we know:

True Capitalism is man’s most perfect expression of democracy

True Capitalism enables Justice

True Capitalism enables Equality

True Capitalism enables true prosperity

True Capitalism is born in and comfortable with Anarchy

True Capitalism is radically trusting in people

The Breakdown of society is a breakdown of Trust, If there is to be hope for the future, we must collectively learn to trust again.  True Capitalism is a constant test of trustworthiness and a betrayal of trust is quickly and harshly dealt with.  Conversely, those found trustworthy stand to be richly rewarded in a Truly Capitalistic system.  The meting out of natural rewards and consequences increases general trustworthiness.

Anarchy leads to Order, not Chaos
True Capitalism improves society by carrying out the consequences of actions in a rapid and impartial manner.  It encourages men and women to serve one another as they find that serving one another is in their mutual interest.  In fact, it is in their rightly understood self interest (to quote a term from Mises) to serve one another.

Intrigued?  So are we.  But what exactly is True Capitalism?

True Capitalism is a radical respect for life and private property.  It is the recognition that the right of an individual to life and private property are inviolate and that individuals, assured that their life and property are no endangered, will reap the fullest benefits of the division of labor and mutual cooperation which men and women on this earth are capable of.
Participation in the True Capitalistic System is not voluntary, for True Capitalism, as we will find, is not an idealistic concept, rather, it is an ultimate given.  Apart from participation, however, all other actions and agreements which do not violate other’s rights to life or property are completely voluntary.
Let Freedom Ring!
Apart from being a part of the system, nothing done in the True Capitalistic System is purely obligatory.  This is where True Capitalism differs from what has come to be known as “Crony Capitalism,” the system in which most of the world currently operates which is full of random taxes, fees, regulations, and laws which require compulsion or coercion by a nation state in order to be paid or obeyed. 
At the other end of the spectrum, in the Truly Capitalistic system, actions such as paying an entity or observing a regulation may be strongly advisable to the point of being considered a necessity, but not taken under compulsion or the threat of violence by a nation state or another actor in the system.
In a Truly Capitalistic system, the best way to get ahead (obtain more opportunities, leisure, or whatever one desires) is to make oneself useful to his or her fellow man or woman.  The nature of the system is to reward those who best serve others.  Those rewarded then find themselves able to consume goods and services freely produced by their fellow man by using the resources they have obtained by doing the same.
If one lifts the veil of the machinations of today’s nation state, it is abundantly clear that this is more than idea, it is natural law.
We submit for your consideration, that, far from being unattainable ideals, True Capitalism (and by extension, Anarchy), are ultimate givens within which the current system of nation states are forced to operate.
If the nation state were to cease to exist, it can be argued that Anarchy would reign.  This is technically true.  Unfortunately, too many individuals believe that Anarchy would lead to chaos.  We believe that quite the opposite is true.
Out of Anarchy, the Truly Capitalistic System would ORGANICALLY emerge, and with it a new dawn for humanity, built on mutual interest and almost endless capital formation which will engender a spontaneous and dynamic social order, and a society without borders that would enjoy freedom and prosperity that we cannot even imagine under current conditions.
Believe.
Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

P.S.  For more ideas and commentary please check out The Mint at http://www.davidmint.com/

Key Indicators for October 28, 2011

Gold Price Per Ounce:  $1,743 PERMANENT UNCERTAINTY
M1 Monetary Base:  $2,071,500,000,000 RED ALERT!!!
M2 Monetary Base:  $9,607,200,000,000 YIKES UP $1 Trillion in one year!!!!!!!