If this argument crops up further I may engage

Yeah, that's fine

YOU actually give me challenges when we engage

which why I like engaging you when I wish to, because you make me stfu and think, which is something bimmler could do only when he avoids fallacies, but good luck with that, he didn't even know what a fallacy was half the time KEK

Shepard reminds me of bimmler with this

In your eyes everything that doesn't fall out of hoppean or the musis institutes second shithole is a straw man

I'll give you the definition accepted by people who actually study economics

https://www.investopedia.com/terms/c/capitalism.asp

Fucking lol

"actually study economics" please fuck off with the allegations and banter please

Austro-Neoclassical Synthesis here

Investopedia doesn't refute what I said about the umbrella term

laissez-faire does not involve corporations by its nature, since it's absence of government in an open market economy, laissez-faire could allow market socialism to exist within it, even Adam Smith acknowledged this

Just as I predicted everything that doesn't come out of the mouths of the mieses Institute and Hoppians is somehow a straw man despite just being how the world is

Laissez-faire doesn't exist and has not existed in many centuries, or what we'd consider it in actual econ theory anyway.

We're a splintered global corporatocracy, get it right.

Corporations are a creature of the state as Adam Smith said in his 4th Axiom of Laissez-faire warning us of the dangers in them.

What is to stop businesses becoming the state

businesses don't have monopolies. States do.

@The_NothingForEverything Corporations again are the creature of the state, the only way you could dominate a certain aspect of a market, is through merit and goods and services, and if you try to grow your stuff beyond a certain limit, you won't have any mechanisms since there's no law maker monopoly to hold them up and bail them out, they will fall.

Roderick T. Long did beautifully with this

He's a libertarian leftie by the way

He's one of the few genuinely brilliant bridges betwen the lib-right, lib-left, and post-left

I agree with you. my point was that businesses don't operate like states do. States can force you to associate with them. Businesses can't. I'm familiar with Roderic T. Long, but never read much of his work.

I have, he's largely a mutualist and he's butt buddies with Kevin Carson who's tried to bring back the LTV and make it concede with STV, Say's Law, and Marginal Utility, but has failed on multiple accounts comically enough

Corporatist Plutocracy is basically what Vladimir Lenin and Murray Rothbard BOTH called "State Monopoly Capitalism"

I've read Lenin too

I haven't read much libertarian literature tbh besides Frederick Bastiat's The Law, Spooner's Natural Law, Or the Science of Justice, and Bitbutter's video summary of David Friedman's Machinery of Freedom. I also read some of Konkin's and Rothbard's short essays, but never their full works. I really need to read some more of this stuff.

GG @The_NothingForEverything, you just advanced to level 4!

@The_NothingForEverything Read Spooner's Two Treatises on Competitive Currency and Banking, they were found and merged into a book in 2018(not 2016 like I said before, pardon my mistake) and look how he said the best way to back a paper dollar is by genuinely owned property (via Lockean Principles with Proviso obviously) under a gold and silver value standard, it will open your eyes on so much about paper money

and read Gustave de Molinari

Non-Corporate Free Banking through these works will brain fuck you till ya nut.

How Spooner explains it

k thanks. I like Spooner's writing the most out all those mentioned. He uses simple vocabulary and keeps things short and simple.

Yep

Except when he explains why property and land is the best banking capital

it's a little long-winded

Here comes Shepard with his Molyneuxs again HAHA

JK Shepard, JK

@The_NothingForEverything But yeah, it's rather intriguing how this worked and how the interest rates would never shift hardly

under this system

the reason with banking scares is due to either banking regulations, corporate structure(always to blame for many things) or not enough gold to back paper dollars, essentialy the third is "NOT ENUFF MUNNEEE!! REEE!!!"

@The_NothingForEverything

You're making the Bold assumption that businesses aren't just going to form monopolies to become a pseudo state

And that's the most forgiving way to look at it

They don't

Empirically, they do not