pull down to refresh
0 sats \ 4 replies \ @CliffBadger 9 Nov \ parent \ on: Peter Thiel: Capitalism Isn’t Working for Young People econ
The state does not care about property rights. The whole use case of a state is to violate property rights.
The state's definition of the "interests" of citizens is not how citizens would define their own interests. The free market allows them to pursue what they decide is important. The state exists to override public opinion with violence.
People organise into groups/states in order to gain security from other groups and to advance the interests of their group.
Example-
China has captured a near monopoly over the supply of refined rare earths.
Now USA is fucked and cannot fight any significant war without begging China for rare earths.
People organise into groups/states in order to gain security from other groups and to advance the interests of their group.
reply
People organise into groups/states in order to gain security from other groups and to advance the interests of their group.
The state wasn't made by a collective negotiation. It's one gang that killed off all the other gangs. You seem to think that whoever wins is somehow entitled to all the protection fees that they keep charging long after the war is over.
And I still don't see why you think statism is necessary to mine rare earth minerals. If there's a demand then the market will work to fulfill it. If the state is artificially subsidizing it, then it's overriding what people are actually demanding.
reply
The State developed organically due to the inherent need for it and the great advantage it provides citizens.
If you don't like it go live somewhere there is no government- but even you are not that insane or suicidal, are you?
The state is needed to mine and refine rare earths because the state can logically subsidise such refining to gain a significant strategic advantage over other states and thus private enterprise has no incentive to refine rare earths because the state (China) has already seized the means of production and placed all other states into begging subservience.
Get on your knees and BEG Uncle Sam - you cannot fight a serious war without rare earths and so for the next decade you are Chinas subservient vassal lapdog.
Your petrodollar imperialism is in tatters and ruin because you ignored the huge significance of the state in the wealth of nations. Stupid arrogant US Exceptionalist-Neoliberal-Libertarians.
reply
Oh please. Statism is the least organic most inhuman aspect of life. At the end of the day it's just a guy with a gun trying to take my money like any other gang.
Get on your knees and BEG Uncle Sam - you cannot fight a serious war without rare earths and so for the next decade you are Chinas subservient vassal lapdog.
Don't even worry about us. China can defend itself from the communists.
reply