-Caveat Lector-
MJ:
Every man has a property in his own person. This nobody has
any right to but himself. The labor of his body and the work
of his hands are properly his. -- John Locke, 1690
Das GOAT wrote:
I'm waiting for someone to claim that the "property" owned
by Capitalists is "theirs" by virtue of being "the work of
their own hands."
MJ:
Any 'person's' property is theirs whether by THEIR exchanges
or through the GIFTS of others. I am not certain WHAT you
are attempting above, could you elaborate?
Das GOAT wrote:
Give me one example of Capital Assets --factories, industrial
machinery, etc-- that was not secured with BORROWED money and
paid off by profits from the work of OTHER PEOPLE's hands,
i.e., labor which the Capitalist didn't perform.
MJ:
Why should anyone be prohibited to 'dispose' or 'invest' their
earnings in whatever manner THEY desire?
Why should anyone be prohibited from entering a contract to provide
x for y?
Das GOAT wrote:
Can Capitalism exist without BANKS and the Stock Market?
MJ:
Yes.
Regard$,
--MJ
Laissez faire does not mean: Let soulless mechanical forces operate.
It means: Let each individual choose how he wants to cooperate in
the social division of labor; let the consumers determine what the
entrepreneurs should produce. Planning means: Let the government
alone choose and enforce its rulings by the apparatus of coercison
and compulsion. -- Ludgwig von Mises
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