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@UnitedStates Milton #Friedman is very small compared to Ludwig von #Mises or Murray #Rothbard on the #freemarket, including #freetrade.
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Just curious: What do you consider the first #capitalist society?
Generally, folks seem to think of the 19th century. Roughly when #Industrialisation moved the power to exploit people from "power by noble birth" (#Feudalism) to "power by capital ownership" (#Capitalism) on a large scale. With a lot of overlap, of course.
Yet some Marxists as well as "Capitalism= #PrivateProperty" folks argue an earlier beginning of capitalism.
The #OrangeTaintedCheeto thinks we are weak for saying he is wrong. At last check the #Capitalist #FreeMarket is still on a free fall. #Resist
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@knittingknots2 This is the #freemarket in action, and this is a good thing.
Continued thread
The hits keep coming, yesterday it was reported that Tesla trade ins have increased 300%+ since this time last year. With the majority of that change occurring in the last few months since Elon Musk became the poster child of US far right politics.
There are no goods or services that people need that cannot be provided by the free market without public funds. If people need #transportation, they build roads and use them. If people need #health, they develop and produce #vaccines. If people need knowledge, they hire private teachers, professors. If people don't need #nuclear bombs, private corporations won't make them. #freemarket #capitalism #education #defense
"Talking about rational efficiency becomes a way of avoiding talking about what the efficiency is actually for."
~ David Graeber, 2015, The Utopia of Rules
#DavidGraeber #freemarket
"Whenever someone starts talking about the 'free market' it's a good idea to look around for the man with the gun."
~ David Graeber, 2015, The Utopia of Rules
#DavidGraeber #freemarket
The 1% want a world where AI wants is given permission to consume all copyrighted content for free, but its citizens are charged for access to scholarly papers. Corporatism is a disease.
#OpenAI #ChatGPT #Hypocrisy #freemarket #corporatism #AI #aaronswartz #bankerlivesmatter #rulesfortheenoneforme
I love how, in the Year of Our Lord 2025, people still argue that Capitalist Realism is superior to fantastical #Utopianism
My brother in Christ, the Free Market is a #utopian thought expiriment. We teach it in #Econ 101 as a starting point to analyzing more complex systems, but a truly #FreeMarket has not, and will not ever exist in reality
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@ali Capitalists and entrepreneurs work too. But their work is different from the work of a driver, a baker, etc. And in the free market all people benefit from cooperation among each other. Capitalists don't exploit workers. In the #freemarket, every kind of work gets its own price. If some people get unfair wealth, it is a fault of #government interference in the #economy.
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@ali Ordinary people, not capitalists, are destroying the planet (while capitalists are also people). People want to live. So they want to eat. So capitalists and entrepreneurs produce food and other necessities for them. And you are wrong if you think that those who defend the #freemarket are necessarily rich. I'm putting a little pressure on nature.
"The title comes from Mises’s description of the reality of central planning and socialism, whether of the national variety (Nazism) or the international variety (communism). Rather than create an orderly society, the attempt to central plan has precisely the opposite effect." https://mises.org/library/book/planned-chaos #freebooks #mises #nazism #socialism #capitalism #economics #freemarket #austrianeconomics
Mises InstitutePlanned Chaos | Mises InstituteThis new edition of Planned Chaos features a new introduction by Chris Westley of Jacksonville State University. The introduction brings this classic up to date
"In 1954, after a lifetime of serious theoretical work in economic science, Mises turned his attention to one of the great puzzles of all time: discovering why the intellectuals hate capitalism. The result is this socio-psycho-cultural analysis informed by economic theory." https://mises.org/library/book/anti-capitalistic-mentality #capitalism #socialism #economics #austrianeconomics #mises #freemarket #laissezfaire #freebooks
Mises InstituteThe Anti-Capitalistic Mentality | Mises InstituteIn 1954, after a lifetime of serious theoretical work in economic science, Mises turned his attention to one of the great puzzles of all time: discovering why
I'm all for Libertarianism for people who want it.
Libertarianism all the way through to the bottom, tho. Just like Nature intended.
Wassat? You can't outrun the bear because you fell down and now your knee is messed up?
That's a damn shame. Well #FreeMarket you know?
Just in case you needed to know. In spite of what #Trump says, there is no such thing as an illegal #boycott . The second that becomes a thing the #FreeMarket is officially dead.
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In the end, no, your #closetserver or #VPS is not enough. Your #managedhosting solution is not enough. The world 
runs on #cloud infra and that's not what's bad.
What's bad is how it's been implemented, how it's a threat to #privacy, how it's a threat to #DigitalSovreignty, as well as #wellfare AND #freemarket - at the same time!
So what do you do? Throw the baby out with the bathwater, or do you question the actual hardware infra, as well as the legal industrial precedents set?
Inheriting is becoming nearly as important as working https://www.economist.com/leaders/2025/02/27/inheriting-is-becoming-nearly-as-important-as-working
More wealth means more money for baby-boomers to pass on. That is dangerous for capitalism and society.
"People in advanced economies stand to inherit around $6trn this year—about 10% of GDP, up from around 5% on average in a selection of rich countries during the middle of the 20th century. As a share of output, annual inheritance flows have doubled in France since the 1960s, and nearly trebled in Germany since the 1970s."
"For supporters of free markets, the rise of the new inheritocracy should be deeply disturbing. For a start, it creates a rentier class that faces a series of bad incentives."
The Economist · Inheriting is becoming nearly as important as working
Argument against #AynRand 's #Objectivism by #AnCap #DavidFriedman :
"In a [ #FreeMarket ], [...] if other actors are free to provide the service of retaliatory force in competition with the #government, it [government] will have no surplus revenue with which to fund government activities [...].
In order [...] to work, the government must have a monopoly of retaliatory force [...] to be able to collect a #monopoly profit with which to fund its other activities."
David Friedman’s Substack · Objectivism