[First published on Free Life]
One of the elements of a capitalist system that induces purple-faced rage amongst statists and progressives is the existence of profit. This residual – the amount left over once an entity has deducted its costs from its revenue – is said to line the pockets of greedy shareholders while exploiting labourers and consumers.
Continue readingFreedom enthusiasts usually take pride in their understanding of the ethics of liberty and the evils of statism. It is difficult not to read and be enthralled by the works of distinguished libertarian authors such as Murray Rothbard, Hans-Hermann Hoppe, Walter Block, and from earlier generations the likes of H L Mencken, Albert Jay Nock and Frank Chodorov, before we even mention Ludwig von Mises and Friedrich von Hayek.
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Duncan Whitmore 