Bentham was right and wrong. Rights theory was nonsense on stilts. But so was ut

Bentham was right and wrong. Rights theory was nonsense on stilts. But so was utilitarianism.

We cannot cooperate on ends. Any attempt to do so defeats the premise as self contradictory. We can cooperate only on means.

Cooperation on means depends only upon objective processes, not subjective wants and experiences.

As such, the only “law” is the suppression of discounts.

The institutional solutions for such suppression are simple: rule of law, common law, contract, property, and universal standing.

It is true that a separate and isolated organization, must have the ability to negotiate contracts for the production of commons and the prohibition on free riding, privatization and socialization. But this body has no need for voice in law.

If a consent to a prohibition on discounts is the cost of entry into the market owned by others, or it is the purchase of interest in that market is an open dispute. Demonstrably people act as if the latter.

As such it seems that people should have direct choice over the use of dividends. Whether for consumption, insurance or investment.

It appears that an insurer of last resort is a necessary competitive advantage. But that if open to discretion is a license for corruption.

If these rules are fixed then one cannot abuse these processes.

It is our reliance on human discretion and failure to divide the houses that has caused the failure of the classical model’s balance of power.