“Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more sellers by means of the initiation of physical force by the government, or with the sanction of the government. Monopoly exists insofar as the freedom of competition is violated, with the freedom of competition being understood as the absence of the initiation of physical force as the preventive of competition. Where there is no initiation of physical force to violate the freedom of competition, there is no monopoly. The freedom of competition is violated only insofar as individuals are excluded from markets or parts of markets by means of the initiation of physical force. Monopoly is thus a market or part of a market reserved to the exclusive possession of one or more sellers by means of the initiation of physical force. It is thus something imposed upon the market from without—by the government. (Private individuals—gangsters—can initiate force to reserve markets only if the government allows it and thereby sanctions it.) Thus, monopoly is not something which emerges from the normal operation of the economic system, and which the government must control.” EvilPoliticsFreedomLibertyRightsHumanCapitalismEconomicsTradeLibertarianSocialismAnarchyFreeTaxationViolationTheftMafiaCoercionStatismVoluntaryismMarketsLaissez FaireNon Aggression PrincipleAncapAnarcho CapitalismAustrian School Of EconomicsNapThugsAustrianCronyCrapitalism Author:George Reisman
“Growing economies are built by billions of actors behaving according to their own interests, coordinated through institutions that no one in particular created. Realizing this requires humility, a trait that is in short supply among would-be dictators, politicians, and bureaucrats, which is precisely why these groups are the proven enemies of prosperity in all times and places.” GovernmentEvilForceFreedomLibertyEconomicsLibertarianSocialismCommunismControlAnarchyTheftCoercionCollectivismStateStatismVoluntaryismLaissez FaireNon Aggression PrincipleAncapAnarcho CapitalismAustrian School Of EconomicsNapInitiation Of ForceAustrian Author:Jeffrey Tucker
“There is only a certain amount of wealth in the world, this thinking goes. Economics is a matter of acquiring and allocating, not creating. This was the view of the world’s smartest people, all top philosophers and not stupid people, for many thousands of years before the age of the enlightenment. It still is.” GovernmentEvilPoliticsForceFreedomLibertyKnowledgeViolenceEconomicsLibertarianSocialismCommunismAnarchyDictatorshipTaxationTheftCoercionCollectivismStatismVoluntaryismLaissez FaireNon Aggression PrincipleAncapAnarcho CapitalismAustrian School Of EconomicsDictatorsNapInitiation Of ForceAustrian Author:Jeffrey Tucker
“A vertical battled pitted the Italians against the Austrians, who were starving up in the mountains. The Italians also sent men to the firing squad “to set an example”. I couldn’t make up my mind which was more appalling: the mining war or the mountain war. And between an Italian general and a French one, I wouldn’t’ve known which one to shoot first.” WarItalyWw1AustrianWhite War Book:Goddamn This War! Source: Goddamn This War!