Mises Explodes Marxism

This is part of an essay Mises wrote in 1961 about Marxism. The essay is contained in a book assembled by the Mises Institute called, "Economic Freedom and Interventionism: An Anthology of Articles and Essays by Ludwig von Mises."

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[PanzerDivisionBOM]

@chelonia1663

Except...

That's a complete lie. In the Misesian model of social cooperation, a rate of interest is a negotiated price, like any other, and determined by supply and demand - in this case, that of savings. The rates of interest in a society can be said to represent the aggregate time preference of that society, and, like any other set of prices, hold a vital coordinating function.

It's okay to disagree, but would you please try not to misrepresent your opponents?

[tadaa11]

@DrNikol2007 We've never had a truly free market capitalism

[needtoalwayslearn]

@DrNikol2007 I don't know what's so difficult about my question: Once you've transferred ownership of the paper to your friend, he is now the sole owner of the paper. From his own initiative he's done something to the paper - made a paper aeroplane - and intends to sell it.

Since he's the sole owner of the paper, of his body and his labour, whatever profit/gains he might receive belongs to him and him alone.

It's just common sense to me.

[DrNikol2007]

@needtoalwayslearn 2/ … 'NO' because mafia owns everything (the paper sheet and the paper plane) and I cannot own their property; According to Copyright law, if one employs me to do something (paper-plane) by giving to me raw material (paper-sheet), in this case paper sheet, they own the end product - and the copyright.

My friend would not need for me to tell him what the case is - my friends are educated, knowledgeable people who do not ply cheep get smart games.

[DrNikol2007]

@needtoalwayslearn 1/ Your question was set up improperly therefore you got 4 answers. But apparently I overestimated your intelligence. Here we are:

It is 'yes' for the Natural law because its principal is I to acquire property (plane) through applying my labor on things (paper) and adding value/improving them (Example - US Homestead Act, 1862). For the Contract law it is 'may-be' because the answer depends on our agreement on contract remunerations. To Camorra law is …

[needtoalwayslearn]

@DrNikol2007 Why don't you try this experiment with one of your friends, and after he makes the paper-plane, you tell him explicitly that he doesn't own the plane or that he may not necessarily own the plane.

See what he says.

[DrNikol2007]

@needtoalwayslearn Do you now own this paper-plane ?

From the Natural law - YES!

From Contract law - MAY BE.

From Camora law - NO!

From the Copytight law NO!

[needtoalwayslearn]

@kingnat2 I didn't realise we were talking about corporations. But corporations fail too. Also can we not agree that corporations exist only because of government privilege ? Either due to restricted entry requirements, high product regulatory requirements.

[kingnat2]

@needtoalwayslearn It's a straw dog because Austrians often use it as a copout when presented with an argument against low level employment. "Well just start your own business." this is not a viable argument as one cannot simply warp into the Fortune 500. People starting small businesses are at ahigh risk of failure and have just as many challenges as low-level workers.

[needtoalwayslearn]

@DrNikol2007 Do you believe that the things that you make with your own labour belongs to you ? For example a piece of paper someone gave you; you make a paper-plane with it.

Do you now own this paper-plane ?

[needtoalwayslearn]

@kingnat2 Why ? Capitalism is about freedom: freedom in markets and freedom in civil liberties.

A consequence of such freedom is the ability to change one's circumstances. One possible manifestation of that it to assume risk in trying to produce the needs of the society one lives in: by starting one's own business.