From: Rafal Smigrodzki (rafal@smigrodzki.org)
Date: Wed Jul 02 2003 - 23:45:37 MDT
Brett wrote:
>
> I don't see how the free market can be given unfettered free
> range without destroying itself. Like a fire that doesn't stay
> in the fireplace, but burns the house down.
### The free market has a tendency to mutate into a state, as soon as
monopolies of land ownership and power emerge, this is correct. But I
wouldn't say that it destroys itself - it is poorly capable of defending
itself against the greed, hatred, and short-sightedness of humans who
initially make it work. Also, there is the difficulty with the provision of
certain goods, such as information.
Long-range planning, the very long range enlightened self-interest, could
perhaps allow the formation of a stable free market with minimal or none of
the brutal monopolist practices typical of the state, with polycentric law,
and yet providing the average humans with much more services than any other
system. Presently most humans (including a fair number of capitalists) are
incapable of such long-range planning, but this could happen yet, as
life-spans lengthen and intelligence grows.
Rafal
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