IMMORAL DECEITS MUST BE CAST ASIDE. WE MUST PROVIDE PEOPLE WITH INCENTIVES TO CO

IMMORAL DECEITS MUST BE CAST ASIDE. WE MUST PROVIDE PEOPLE WITH INCENTIVES TO CONSTRUCT THE VOLUNTARY ORGANIZATION OF PRODUCTION

(important sketch)(capitalism)(efficient uses of capital)

There are many more empirically efficient allocations of capital at any given moment. But there are not necessarily more efficient allocations of incentives. Since the voluntary organization of production requires an efficient allocation of incentives, then the maximum efficiency of any allocation of capital, is one in which we produce the widest distribution of incentives. The reason being that the construction of the voluntary organization of production that we call capitalism is not (as libertarians fantasize) natural behavior or rational choice, whatsoever. People must be provided with incentives to voluntarily organize production.

This means that the entire cosmopolitan fantasy promoted by Rothbard on one side, and Soros on the other, and other advocates of immorality like Walter Block, is a justification. The most efficient use of capital is that in which the population is incentivized to construct and preserve the foundation of the economy: the voluntary organization of production.

And so we seek a Pareto optimum between incentives to produce the voluntary order, and the efficiency of capital allocation in production within that voluntary order. And any increase in capital efficiency that produces a decrease in incentives is actually destructive.

In Propertarianism I have tried to demonstrate that if people cannot join the market for production, that we must compensate them for the work of constructing the voluntary organization of production that makes the high productivity, high trust, high velocity and low friction under the voluntary organization of production possible.

From this perspective, most rothbardian thought, like most cosmopolitan thought, is merely an elaborate obscurant art of fraud for the purpose of declaring without cost, that which is hugely expensive: high trust, high velocity, and the voluntary organization of production.

If you understand this you will abandon libertinism (cosmopolitan libertarianism) and revert to aristocratic libertarianism (classical liberalism). Because we had it right. We did. But the American Neo-Puritans put a dent in it, women put a hole in it, and Jews and Catholics made a fissure out of it.

Thankfully it isn’t impossible to fix: truth telling is enough.