JbarL
Well-known member
knabe said:Jill said:I know you may find this amazing, but you talk circles around most of us common folks, maybe you could simplfy it for us.
the below is attempting to eliminate circles. let me know how i did.
anything that protects one group of people over another is wrong. they are impediments to commerce and independence. by independence, i mean the freedom to enter or not enter a contract.
if you protect business, all it does is delay reallocation of capital to improvements in efficiency.
if you protect labor, all it does is delay reallocation of capital improvements in efficiency.
the buggy whip is the best example i can think of.
protecting laborers that build buggy whips is stupid.
subsidizing companies that make buggy whips is stupid.
even the first step towards protection and subsidy is stupid.
all it does is delay improvement and extract money, time etc that could have been allocated to improvement.
i think of organized labor, subsidies, tax breaks, lawyers, politicians, as a waste, and an unnecessary cost on agreements between two parties.
the freedom to not agree is being removed by the above sentence.
this is evidenced by compulsory participation. it leads to no competition, no efficiency, no incentive, and eventual decay.
eliminating risk is probably the number one reason for being conquered.
that pretty well clears it up for em