-Caveat Lector-
Jeff Russo wrote:
I contract with you... I pay you $20. You do NOT paint my
porch. I now have two options:
1) hunt you down and get my money back or kill you.
2) Use some sort of legal recourse, provided by the
state, to solve this dispute.
MJ:
A. I do not 'pay' until the job is completed. :)
B. A 'private' mediator does just as well as a State system.
The 'State' in your example does NOT factor into the exchange, which
is what is required for Capitalism. When the painter has to be
licensed .... it is no longer capitalism. It is then a mixed system.
Regard$,
--MJ
The meaning of economic freedom is this: that the individual is
in a position to choose the way in which he wants to integrate
himself into the totality of society. -- Ludwig von Mises
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