From a comment I posted

[madscience]

In a completely free market, there is no such thing as a corporation. A corporation is a legal fiction created to protect an entrepreneur's personal property from debts incurred in their commercial endeavors. In a sense, corporations are a form of welfare; they assure that failure, whether it be from poor judgment or bad luck, will not leave the

Comments

Absofuckinglutely.

[squidb0i]

Adam Smith would shit a brick if he were alive today.

Re: Absofuckinglutely.

[ninboydean]

Adam smith noted that the "invisible hand" of the market would end in "massive destruction" [para] without government intervention.

And he specifically said that paying taxes should be considered a badge of honor, not "enslavement."

In fact, Adam Smith and Ricardo both supported the Labor Theory of Value, and Aristotle created the basic framework for the concept. Adam smith noted:

The whole produce of labour does not always belong to the labourer. He must in most cases share it with the owner of the stock which employs him.

The fact is that the subjectivist conceptualization of value is nothing more than a head-in-the-sand defeatism; it actively tries to tear down any quantitative analysis which might help to understand the flow of value.

I used to be skeptical of the LTV, until I started reading about it.

Re: Absofuckinglutely.

[squidb0i]

*likebutton*

[drbunsen]

Words of truth.

[glowing_fish]

What do you call a libertarian that studies economics?

[ninboydean]

A libertarian socialist :-P

[glowing_fish]

an ex-libertarian!