- Capitalism and Alternatives -

Laissez-faire does not require the absense of government

Posted by: DonS ( USA ) on July 09, 1999 at 12:35:29:

In Reply to: Laissez-Faire Capitalism an Impossibility posted by rabblerouser on July 07, 1999 at 10:12:01:

: : A society based entirely upon the non-aggression principle, free of statist control in either property by individual or property by collective has not existed.

: : neither of these two conditions has existed, why? enough people didnt want them to enough to ensure that they never did, and possibly never will.

: : boo hoo

: *****
: RABBLEROUSER REPLIES: Perhaps some may argue whether or not a true socialist society is possible--who knows, as I'm sure this remark will stir some discussion.

: Nevertheless, I see laissez-faire capitalism to be an imppossibility, given that larger capitalists would quickly invent a state to expand and perpetuate their wealth, be it company goons or a more formal structure like those currently existing. After all, the most efficient way for one to extract maximum profit is to either eliminate the competition or somehow regulate the competition. Any replies?

The pre-Civil War US was very close to true laissez-faire capitalism. Laissez-faire does not require the absense of government; rather, it requires no government regulation or control of the economy. What you are actually arguing is that a stateless system can't last, reguardless of its economic system.

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