The system described as capitalism is a hybrid system the origins of which are easily traced back to the ancient societal hierarchies based on agrarian landlordism. Agrarian landlordism was never replaced; it was strengthened by the introduction of commercial agribusiness (i.e., by replacing many peasant farmers with raising sheep and cattle and by privatization of the land and enclosure of the commons). So, the next evolutionary step is accurately described as "agrarian- and commercial-landlordism." Next, organized production of goods using machinery was introduced, with individual and organizational ownership of land and capital goods, employing others as workers receiving money wages. Again, the older system is not eliminated. It expands to become "agrarian-commercial-and-industrial landlordism." All along this evolutionary timeline is the rising and increasingly dominating presence of a F.I.R.E. (i.e., finance, insurance and real estate) sector. And so, today, every society shares the same dynamics, differing only by degree based on the degree to which the systems of law and taxation serve unnatural property rights versus human rights. By "unnatural property rights" I am referring to the capacity of some to claim what others produce without producing anything in exchange or offering any services in exchange. This amounts to a fundamental redistribution of wealth from producers to non-producer "rentier" interests. The system is not capitalism; it is "agrarian-commercial-industrial-and-financial landlordism." Income and wealth is acquired by rent-seeking privileges under the systems of law and taxation. Edward J. Dodson, M.L.A., Director School of Cooperative Individualism www.cooperative-individualism.org
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OMG! Ayn Rand is so good at getting to the heart of arguments and identifying and unpacking-- and exposing! -- any anti-freedom, anti-Man assumptions!
Thank you for continuing to share content in opposition to wrong headed thinking.
The system described as capitalism is a hybrid system the origins of which are easily traced back to the ancient societal hierarchies based on agrarian landlordism. Agrarian landlordism was never replaced; it was strengthened by the introduction of commercial agribusiness
(i.e., by replacing many peasant farmers with raising sheep and cattle and by privatization of the land and enclosure of the commons). So, the next evolutionary step is accurately described as "agrarian- and commercial-landlordism." Next, organized production of goods using
machinery was introduced, with individual and organizational ownership of land and capital goods, employing others as workers receiving money wages. Again, the older system is not eliminated. It expands to become "agrarian-commercial-and-industrial landlordism." All along this evolutionary timeline is the rising and increasingly dominating presence of a F.I.R.E. (i.e., finance, insurance and real estate) sector. And so, today, every society shares the same dynamics, differing only by degree based on the degree to which the systems of law and taxation serve unnatural property rights versus human rights. By "unnatural property rights" I am referring to the capacity of some to claim what others produce without producing anything in
exchange or offering any services in exchange. This amounts to a fundamental redistribution of wealth from producers to non-producer "rentier" interests. The system is not capitalism; it is
"agrarian-commercial-industrial-and-financial landlordism." Income and wealth is acquired by rent-seeking privileges under the systems of law and taxation.
Edward J. Dodson, M.L.A., Director
School of Cooperative Individualism
www.cooperative-individualism.org
Capitalism is freedom.
But progress is finite. Rich people can live without work.
You just can, t corner her.