Curt Doolittle

Category: Economics, Finance, and Political Economy

  • capitalism moral? Walter Williams says yes, it is the most moral philosophy mank

    https://www.youtube.com/watch?v=fJr2RO7g7jI—-Is capitalism moral? Walter Williams says yes, it is the most moral philosophy mankind has ever pondered! Do you agree?—-

    It is, if:

    (a) it doesn’t occur under a representative government open to special interests that can seek rents, and instead operates by either direct democracy if people are marginally indifferent, or economic democracy if they are substantially different, or by different houses using either direct or economic democracy for diverse polities.

    And (b) if there is rule of law (universal application) whose decidability in law is against parasitism,

    (c) and where there exists universal standing (universal right of suit), so that groups of individuals can punish organizations that engage in parasitism either directly, or via the state.

    Capitalism is moral ( non-parasitic and produces rational, voluntary, cooperation ) if and only if there are no means available FOR IT TO BE USED IMMORALLY.

    There is no common good other than cooperative non parasitism. After that it’s all a matter of market choice in production of consumption or commons.

    Curt Doolittle

    Source date (UTC): 2016-01-19 08:54:00 UTC

  • OBVERSE THEORY, REVERSE CRITICISM: EXTERNALITIES? If we choose to try to fix thi

    OBVERSE THEORY, REVERSE CRITICISM: EXTERNALITIES?

    If we choose to try to fix this problem in society better than the market will, then, (a) what will we not fix instead, (b) what will we un-fix that the market of commons has fixed already, (c) what negative externalities will be created that we did not think of?

    Impulsivity is for answering the cries of children. Love of man requires doing no harm.

    Source date (UTC): 2016-01-19 05:56:00 UTC

  • Is Keynsian Economics Better For America Than Austrian Economics?

    THIS IS THE MOST ACCURATE FRAMING OF THE ECONOMIC MOVEMENTS CURRENTLY AVAILABLE TO US.

    1 – Austrian economics seeks to eliminate asymmetries of knowledge so that people can cooperate voluntarily under the optimum possible conditions.  So as a movement, Austrian economics was a social science.  In other words, they want to improve our information.

    2 – American (Chicago) economics seeks to identify rule of law, so that economics can be constructed as a formula under rule of law – eliminating discretionary toying with the economy, just as rule of law eliminates discretionary toying with the polity.  In other words, they want to manipulate information as little as possible.


    3 – Saltwater (New York/California) economics seeks to identify the maximum disinformation that the government can insert into the economy with which to farm taxes, consume, and redistribute them, while preserving the incentive to keep working and risking capital (the hamster wheel), and to create sufficient knowledge of how to use disinformation that policy makers have full discretion.


    https://www.quora.com/Is-Keynsian-economics-better-for-America-than-Austrian-economics

  • Would The Poor Have Better Standards Of Living In A Perfect Free Market Economy?

    A perfect free market economy is no more possible than a perfectly managed economy.   That is because people at a material disadvantage use collective bargaining (the government) to gain advantage.

    https://www.quora.com/Would-the-poor-have-better-standards-of-living-in-a-perfect-free-market-economy

  • Is Leninism A Different Form Of Capitalism?

    Capitalism: The voluntary organization of production, distribution, trade, and consumption.
    Socialism: The involuntary organization of production, distribution, trade, and consumption.


    The difference is in incentives.  Capitalism works and people work in it.  Socialism doesn’t work, and people don’t work in it. 

    https://www.quora.com/Is-Leninism-a-different-form-of-capitalism

  • Is Keynsian Economics Better For America Than Austrian Economics?

    THIS IS THE MOST ACCURATE FRAMING OF THE ECONOMIC MOVEMENTS CURRENTLY AVAILABLE TO US.

    1 – Austrian economics seeks to eliminate asymmetries of knowledge so that people can cooperate voluntarily under the optimum possible conditions.  So as a movement, Austrian economics was a social science.  In other words, they want to improve our information.

    2 – American (Chicago) economics seeks to identify rule of law, so that economics can be constructed as a formula under rule of law – eliminating discretionary toying with the economy, just as rule of law eliminates discretionary toying with the polity.  In other words, they want to manipulate information as little as possible.


    3 – Saltwater (New York/California) economics seeks to identify the maximum disinformation that the government can insert into the economy with which to farm taxes, consume, and redistribute them, while preserving the incentive to keep working and risking capital (the hamster wheel), and to create sufficient knowledge of how to use disinformation that policy makers have full discretion.


    https://www.quora.com/Is-Keynsian-economics-better-for-America-than-Austrian-economics

  • Would The Poor Have Better Standards Of Living In A Perfect Free Market Economy?

    A perfect free market economy is no more possible than a perfectly managed economy.   That is because people at a material disadvantage use collective bargaining (the government) to gain advantage.

    https://www.quora.com/Would-the-poor-have-better-standards-of-living-in-a-perfect-free-market-economy

  • Is Leninism A Different Form Of Capitalism?

    Capitalism: The voluntary organization of production, distribution, trade, and consumption.
    Socialism: The involuntary organization of production, distribution, trade, and consumption.


    The difference is in incentives.  Capitalism works and people work in it.  Socialism doesn’t work, and people don’t work in it. 

    https://www.quora.com/Is-Leninism-a-different-form-of-capitalism

  • “The Marxists learned, the hard way, that ‘work’ is much more mysterious than th

    —“The Marxists learned, the hard way, that ‘work’ is much more mysterious than they had imagined.”—Joshua Zeidner

    Source date (UTC): 2016-01-17 13:55:00 UTC

  • “Given that all wealth was produced by humans (everything around us was once raw

    —“Given that all wealth was produced by humans (everything around us was once raw matter in the ground), as long as parasitism is suppressed and the reproduction rate is lower than the consumption rate for each family, the production of more humans (those of likely high-productive ability) would yield more productivity than merely maximizing production from the current population.”— Steve Pender

    Source date (UTC): 2016-01-17 12:32:00 UTC