Category: Natural Law and Reciprocity

MARXIST AND CAPITALIST ERRORS (THE UNDERLYING ISSUE IS NATURAL LAW NOT ECONOMICS)

Better if I list the ‘set’ of the most significant marxist errors.

1) Labor Theory of Value vs Subjective theory of value

2) Value of voluntarily organizing labor, vs value of labor in production

3) Value of risk of extant capital vs value of risk of opportunity

4) Prices and calculation without money and prices.

5) Knowledge and Incentives with and without private property

6) Oppression by Discretion vs Domestication by Market Means.

7) Demonstrable superior benefit to working classes (reduced prices and increased consumption) than to middle and upper classes (capital increases).

8) Tendencies of bureaucracies to maximize rents vs Tendencies of bureaucracies to dissipate.

9) Greater susceptibilities of bureaucracies to corruption than markets.

10) Demonstrated failure of all attempts at socialism and empirical evidence that the underlying causal problem is iq and trust (genetics).

I mean, that’s JUST THE BEGINNING.

Here is some of what’s wrong with capitalism.

1) There are no unlimited ‘goods’, at some point one is destroying capital rather than decreasing prices. And most capitalist theory assumes endless goods – particularly consumption, just as most marxist theory assumes endless goods – particularly of human beings (a very expensive and toxic life form.)

2) The assumption that all can survive in a competitive market when all cannot if for no other reason than every half standard deviation in IQ roughly doubles the cost of training and limits the possible scope of work, meaning that many people are increasingly dead weights on society no matter how moral their intentions.

3) The assumption of the superiority of cities whereas it is fairly obvious that cities are IQ and ovary sinks that cause continuous damage to the gene pool (yeah, that one surprised me). The better method would have been to encourage people to return to the farm and live tax free, agrarian lives, and to increase taxes in the cities since all profitability is a function of density.

4) The state is a horrible method of defense against abuse of markets, and bureaucracies and politicians exacerbate the problem by making privileges and rents available. For a market to function the people must have universal standing in court against companies for violations of common capital by externality, not just fraud, monetary coercion, and violence against people.

5) The current keynesian economic models do not measure changes in the full set of capital, only largely changes in velocity of consumption. This means we are destroying genetic and cultural and institutional capital in exchange for short term consumption and downward redistribution of reproduction.

6) We do not regulate the size of the population pool, especially the underclass, and actively immigrate underclasses reversing 4000 years of european evolution.

7) A polity must produce sufficiently valuable market goods in order to organize a voluntary organization of production (capitalism). the problem is that the external market not the polity determines the minimum demand for goods, services, and information. As such, it is almost impossible for all but northern european and east asian economies to make use of democracy and capitalism, and socialism will always fail them, so they are all doomed unless they repair the size of their underclasses.

That’s just a beginning. If I sit here and write about ‘evangelical capitalism’ all afternoon I’ll want to go shoot myself…..

-Curt Doolittle