I believe in voluntary exchange and all voluntary interactions.
Where we need to discuss is private property, who defines private property?
Also, profits are not needed for production, innovation, or participation in society.
Exploring these two things, we will reveal that the State is necessary for capitalism. Furthermore, I will lay the groundwork for the argument that “profits” lead to the establishment of the State AND for stronger intervention from the State.
Private property does not require a state to exist. It requires social consensus and the ability to defend claims. These existed long before modern states. Tribes, clans, and merchant guilds recognized and enforced property norms without centralized authority.
Profit is simply the surplus created when output exceeds input. That is a basic feature of human effort. You can have profit without a state and you can have a state without profit. What the state does is insert itself between individuals and markets to tax, extract, and manipulate that surplus.
The state is not the foundation of capitalism. It is a parasite on it. It feeds off the productive capacity of voluntary exchange. In its worst form, it behaves like a cancer growing until it strangles the host that keeps it alive.
Yes the state that *restricts* economic incentives the least is the most efficient.
https://cdn.nostrcheck.me/f7dd6fe2a87450cab9235f2794d52ebfd2b7824d717ae4736a808d1ca12ab7b6.mp4
https://cdn.nostrcheck.me/8c2b593f9ab767fc4de6e38912e153e7c8ebc13316a543199eef8b1903a55e83.mp4
https://cdn.nostrcheck.me/7d28872470b1a14f049e30504a3777dd74318914c12e547ddc88d5dd6718d928.mp4
https://cdn.nostrcheck.me/daaa529d7b0ef90b10c73833b15abfaa3983f4cd4e994bfb1d8573cca4bc0d36.mp4
I believe the argument is that tribes and clans were limited in their ability to Schreiber social consensus at scale and provide for the rights of the weak. That the ability to defend claims is available to some, naturally, by virtue of their ability, but with a state, it is then available to more, meaning justice for those less able.
Correct, social consensus is required for property rights. You also need an entity to enforce this social contract as well. Which, historically speaking, is a centralized governing body or consented upon body of enforcers. Without enforcement, there is no private property.
Yes, profit is revenue above labor and materials. If you are consistently in profit AND seek more profit, that value has to be taken from somewhere.
It is not historically accurate nor factual that profits has been the motivation and intention of humans from the start. It is actually quite the opposite.
If capitalism worked so well, there would be no need for social programs to subsidize labor, healthcare, shelter, and education for capitalism.
Capitalism needs the cheapest labor and materials possible for more “profits”.
Capitalism is “rent seeking” behavior at every level and aspect. It literally goes against the proof of work concept. Capitalism profits just from owning the means of production and centralizing capital to own more means of production. It’s mathematically unsustainable and we are seeing why.
Bitcoin highlights capitalism flaws because Bitcoin was developed to stop capital control and prevent rent seeking behavior by demonetizing life essentials like housing.
