1. image: Download

     
  2. laliberty:

    Peter Schiff trolls DNC.

     
  3. 15:57 12th Aug 2012

    Notes: 632

    Reblogged from life-and-liberty

    Tags: capitalismcomedy

    (Source: leftybegone)

     
  4. (Source: hardinthepaint)

     
  5. laliberty:

    Corporatism in action:

    Congressmen in both parties want you to pay more taxes on your online purchases, and once again, big business is lobbying for bigger government, which would hurt Mom and Pop.

    Online sales taxes have been a battlefield for lobbying titans for years, pitting Walmart and the rest of the brick-and-mortar retail lobby against Amazon and other online retailers. But now Amazon has changed its business model and also its lobbying position, joining the rest of the retail giants in calling on Congress to aid states in collecting sales tax from online sales. …

    The bipartisan lobbying effort has yielded fruit this year in the “Marketplace Fairness Act.” Under this bill, if you buy something online, you pay a sales tax. Retailers, meanwhile, will have to collect sales taxes for every state where they have customers, even if the retailer has no physical presence there.

    This is often how tax legislation gets passed: powerful interests hire revolving-door lobbyists to push for taxes on their clients’ competitors. For over a decade, such online sales-tax bills have faltered in Congress, largely because they had a powerful opponent in Amazon.

    But this year, Amazon switched teams, joining Walmart on the pro-tax side — not out of some newfound concern for “marketplace fairness,” but because Amazon’s business model is changing in such a way that now Amazon stands to benefit from this tax.

    In order to provide faster shipping, Amazon is building warehouses throughout the country. These warehouses constitute a “physical presence,” which requires them to collect sales taxes, in any event. So, if Amazon is going to have to collect sales taxes under the existing “physical presence” doctrine, it may as well try to expand online sales taxes to whack its smaller competitors who don’t have a 50-state network of giant warehouses.

    (Source: laliberty)

     
  6. anarchei:

    Note: While I agree with most of what is said here, I prefer to use the term “corporatism” to describe the “capitalism” we have today. I have previously discussed the definitions of “capitalism” and given my response to them.

    Per Bylund:

    I am an Anti-Capitalist! Yes, it is true. Perhaps…

     
  7. Thus, the State has invariably shown a striking talent for the expansion of its powers beyond any limits that might be imposed upon it. Since the State necessarily lives by the compulsory confiscation of private capital, and since its expansion necessarily involves ever-greater incursions on private individuals and private enterprise, we must assert that the State is profoundly and inherently anticapitalist.
    — Murray Rothbard, Anatomy of the State (via majority-of-one)

    (Source: beyonslayed)

     
  8. socraticapology:

    laliberty:

    I saw Chartier speak in LA last summer. I like him. I like a lot of what he says. I thought Chartier’s “Conscience of an Anarchist” was pretty good. But that was an earlier Chartier and this book is not just Chartier; it’s a collection of essays by many of…

     
  9. What is the free market?

    anarchei:

    Murray Rothbard:

    The free market is a summary term for an array of exchanges that take place in society. Each exchange is undertaken as a voluntary agreement between two people or between groups of people represented by agents. These two individuals (or agents) exchange two economic goods, either tangible commodities or nontangible services. Thus, when I buy a newspaper from a news dealer for fifty cents, the news dealer and I exchange two commodities: I give up fifty cents, and the news dealer gives up the newspaper. Or if I work for a corporation, I exchange my labor services, in a mutually agreed way, for a monetary salary; here the corporation is represented by a manager (an agent) with the authority to hire.

    Both parties undertake the exchange because each expects to gain from it. Also, each will repeat the exchange next time (or refuse to) because his expectation has proved correct (or incorrect) in the recent past. Trade, or exchange, is engaged in precisely because both parties benefit; if they did not expect to gain, they would not agree to the exchange.

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