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Title: Journey into a Libertarian Future: Part III – Regulation
Source:
Naked Capitalism
URL Source: http://www.nakedcapitalism.com/2011 ... -iii-%e2%80%93-regulation.html
Published: Dec 1, 2011
Author: Andrew Dittmer
Post Date: 2011-12-01 10:40:21 by lucysmom
Keywords: None
Views: 4780
Comments: 14
Red indicates exact quotes from Hans-Hermann Hoppe’s 2001 book “Democracy: The God That Failed.”
ANDREW: Let’s imagine that a future libertarian society has been established, and security and justice are provided by competing insurance companies. What will happen if two different people, covered by two different security GLOs, disagree about what their rights are?
CODE NAME CAIN: The two people would find an independent arbitrator that would be the unanimous choice of both parties [251].
ANDREW: Suppose that one of the two parties is stronger, and so will likely outlast the other in a direct conflict. Wouldn’t that party prefer to refuse all arbitration and, during the delay, squeeze the other party into submission?
CNC: No.
ANDREW: Suppose someone annoys you, and you pay their GLO a sum of money that is significantly more than the present value of that person’s future insurance payments. Would the GLO kill the person for you?
CNC: No.
ANDREW: Suppose that one security GLO is much stronger than a competing GLO, and it wishes to expand its market share. Will it strategically assassinate clients of the weaker GLO in order to advertise its superior security capabilities?
CNC: No.
ANDREW: These scenarios all appear plausible to me. Why are you sure they won’t happen?
CNC: Security GLOs will understand that the sort of aggressive behavior you describe is economically irrational. In fact, insurers will [not engage] in any form of external aggression because any aggression is costly… implying the loss of clients to other, nonaggressive competitors. Insurers will engage exclusively in defensive violence… [287]
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#1. To: Capitalist Eric (#0)
Reference for you to check - though you'd like to know without having to actually follow a link and read the piece.
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
In light of the current crisis, the idea that private enterprise wouldn't do anything to damage their business is laughable.
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
With $1.7 Quadrillion the insurance co's are as insolvent as the banksters. As demand for energy is crushed, 2.2 billion are about to be turned into fertilizer.
He still is under so many restrictions that I doubt he's ready to be let loose on the internet yet.
"ROTFLMAO... Perfect! She longs... for someone to Teabag her. a man that squats on top of a women's face and lowers his genitals into her mouth during sex, known as "teabagging" She aches for it"... ~~~JWpegler. Head Tea Bagger and Tea Party supporter extraordinaire, explicitly expressing his fantasies in public about other posters.
Hans-Hermann Hoppe or Capitalist Eric?
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
LOL Aren't they the same?
"ROTFLMAO... Perfect! She longs... for someone to Teabag her. a man that squats on top of a women's face and lowers his genitals into her mouth during sex, known as "teabagging" She aches for it"... ~~~JWpegler. Head Tea Bagger and Tea Party supporter extraordinaire, explicitly expressing his fantasies in public about other posters.
As demand for energy is crushed, 2.2 billion are about to be turned into fertilizer. Sadly, I am forced to agree with you. And the worst part is, it didn't have to end this way. But loonymom is impervious to the facts; to her, it's the thought that counts, right...? Feh.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- But loonymom is impervious to the facts; to her, it's the thought that counts, right...? Feh. She alone is responsible for all the problems in this country. You capitalists searching with your lamps for that 'free market' figment had not one iota to do with it. But you guys made sure it ended this way
"ROTFLMAO... Perfect! She longs... for someone to Teabag her. a man that squats on top of a women's face and lowers his genitals into her mouth during sex, known as "teabagging" She aches for it"... ~~~JWpegler. Head Tea Bagger and Tea Party supporter extraordinaire, explicitly expressing his fantasies in public about other posters.
But you guys made sure it ended this way Your infantile finger-pointing accomplishes nothing. It's TOO LATE for such kiddie-games. You better start looking forward, instead of looking in the past for who you can most easily blame.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- You better start looking forward, instead of looking in the past for who you can most easily blame. Since you have all the answers, how about giving us some provable data supporting your 'argument'?
"ROTFLMAO... Perfect! She longs... for someone to Teabag her. a man that squats on top of a women's face and lowers his genitals into her mouth during sex, known as "teabagging" She aches for it"... ~~~JWpegler. Head Tea Bagger and Tea Party supporter extraordinaire, explicitly expressing his fantasies in public about other posters.
That's because you're an idiot, Andrew.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Nope. One is the "producer" the guy who thought the stuff up. The other is the "consumer", the guy who bought and swallowed whole the idea that libertarian freedom isn't really serfdom.
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
Then put on your big boy pants, leave the sand box, and debate like a grown-up.
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
I am astonished that CE would give me so much power.
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
Red indicates exact quotes from Hans-Hermann Hoppe’s 2001 book “Democracy: The God That Failed.”
#2. To: Not Badeye, A K A Stone, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, mininggold, brian s, mcgowanjm (#0)
In fact, insurers will [not engage] in any form of external aggression because any aggression is costly… implying the loss of clients to other, nonaggressive competitors. Insurers will engage exclusively in defensive violence… [287]
#3. To: lucysmom (#0)
#4. To: lucysmom (#1)
Reference for you to check - though you'd like to know without having to actually follow a link and read the piece.
#5. To: mininggold (#4)
He still is under so many restrictions that I doubt he's ready to be let loose on the internet yet.
#6. To: lucysmom (#5)
Hans-Hermann Hoppe or Capitalist Eric?
#7. To: mcgowanjm (#3)
To: lucysmom With $1.7 Quadrillion the insurance co's are as insolvent as the banksters.
Capitalist Eric: Foreplay before the president's staff? 
#8. To: Capitalist Eric, lucysmom (#7)
(Edited)
Sadly, I am forced to agree with you. And the worst part is, it didn't have to end this way.
#9. To: mininggold, mcgowanjm, loonymom (#8)
She alone is responsible for all the problems in this country. You capitalists searching with your lamps for that 'free market' figment had not one iota to do with it.
Capitalist Eric: Foreplay before the president's staff?
#10. To: Capitalist Eric (#9)
Your infantile finger-pointing accomplishes nothing. It's TOO LATE for such kiddie-games.
#11. To: lucysmom (#0)
ANDREW: These scenarios all appear plausible to me.
Capitalist Eric: Foreplay before the president's staff?
#12. To: mininggold (#6)
LOL Aren't they the same?
#13. To: Capitalist Eric (#9)
It's TOO LATE for such kiddie-games.
#14. To: mininggold (#8)
She alone is responsible for all the problems in this country.
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