They still think capitalism is a zero-sum game


David Davis

I am getting too tired even to refute this sort of stuff whenever it appears, but you might like this for a little titter.

Brian Micklethwait wrote about capitalism many years ago,  saying it is not a zero-sum game. So did this guy, more recently. And these people are proving it daily by their actions.

The “they” of the title line, of course, are very very dangerous, committed and unforgiving scumbags, who have long memories, also have all the time in the world to plot and plan the death of Modern Man, and who only have to win once.

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2 responses to “They still think capitalism is a zero-sum game

  1. From today’s Mises letter:
    Montesquieu was one of the most influential political thinkers behind America’s founding in search of liberty. But the extent that our country has abandoned one of the most essential aspects of the liberty we sought in becoming independent — the freedom to trade as we see fit, based on our ownership of ourselves and the product of our efforts — shows how far we have moved away from a system that by its nature is peaceful, just, and mutually beneficial to a Hobbesian war of all against all for control of government’s coercive power. As Henry George summarized it,

    Trade does not require force. Free trade consists simply in letting people buy and sell as they want to buy and sell. It is protection that requires force, for it consists in preventing people from doing what they want to do … What protection teaches us is to do to ourselves in time of peace what enemies seek to do to us in time of war.

    From before America’s founding, careful thinkers have known of the blessings of liberty and the benefits of voluntary arrangements unhindered by political favoritism backed by government threats of force. Montesquieu was one part of that intellectual legacy, honored far more in the breach than reality today. We need to revive that legacy. Protectionism and all other forms of war by the state on its people are devastating, and need to be undone.

  2. The most valuable contribution of Montesquieu has been the advocacy of the Separation of Powers.

    Is Capitalism a zero-sum game? Taking the most extensive scale possible, the world economy is difficult to calculate. We don’t have enough data. Did the world Capitalist system exceed zero-sum? A whole lot of people will be hard to convince of that.

    The overall balance may equalize with a few people gaining financially more than most people lose. Worse than this certainly occurred in 2008.

    There’s a mass of statistical data out there. Cross-comparing it with individual subjective valuations is nigh on impossible. But we can try to form impressionistic estimates.

    Tony