Rei wrote:They would 'make the economy scream', and then you'd see otherwise.
Rei, you are not thinking about the dynamics of long-term gradual evolution. Political and economic elites have been losing power for centuries. Landed aristocracy in England is a good example. White Anglo-Saxon Male Protestants in America is another such example.
Who decides, and which vanguard party with a team bureaucrats will do it, and what will their material incentives be to do so?
People who claim they have superior title to a given piece of property will bring a claim against the current title-holder to any arbitration firm. The current holder may agree to the arbitration (in which case whatever the arbitrator decides goes) or else judgement will be provided without their cooperation.
If the arbitration firm is sufficiently well-respected, enforcement firms and banks would comply with its decision.
Payment will ultimately comes from the property being recovered, though personal wrong-doing by current holders would entitle the parties initiating the suit to demand compensation for the cost of enforcement as well.
Also, you say 'a little more just', which means that you are acknowledging that you are in fact perpetuating some injustices based on previous accumulation while simultaneously cutting the remedial programmes that used to soften the impact of that on the people who are most vulnerable?
I am not perpetuating injustices - I am accepting a less-than-perfect starting point. From that starting point, the effect of past injustices will slowly wither away.
Any system that allows "remedial programmes" that go beyond case-by-case consideration on merits is
certain to evolve abuses of power. It won't mitigate, but only exacerbate existing injustices.
Unless you are asking most of the country to literally go on a hunger strike until Goldman Sachs, Meryll Lynch, Lloyds TSB, Barclays, various hedge funds, and indeed the top 100 companies on every major internatioal bourse all cry 'uncle'?
What power do banks have, if current regulatory restrictions on competition are scaled back, and most people choose not to do business with those companies? The country need not go on a "hunger strike". They merely have to take their business elsewhere.
Rei wrote:But why would they?
Because it affords freedom from both regulations and taxes. Why do so many financial institutions move to tropical islands in the Caribbean ?
hold on, we did this in the mid-1700s at bayonet point, didn't we?
Don't you see this is the critical difference? If you use bayonets, it is tempting and easy to abuse those on the other side. But if you don't, you have to
tempt people to come. You have to credibly promise them a deal which is better than what they currently have access to.
Indians, Chinese, Vietnamese, Irish, Germans, Italians and members of countless other nations have left their homes in search of better economic existence. Economic migration doesn't equal slavery.
Due to your liberal market policies, it is also likely that we will not play 'catch up' with other industrialised countries, and so we'd be exporting materials that will be converted into finished products elsewhere.
Why? Wouldn't liberal economic policies encourage manufacturing and innovation?
Rich wrote:Who's this mysterious we? So you're no different from any other statists, you'll respect property rights when you feel like it.
The "we" refers to other anarcho-capitalists. The difference between us and statists (which we are not) is the mechanism and criteria used to decide. Statists support a system in which a group of privileged people (e.g. parliament) can make
arbitrary decisions on how property titles should be handled. They do decide on property rights based on whim (or political expediency).
What I advocate, as above, is a system in which arbitrators would decide on property disputes based on strict principles which leave very little to personal discretion. Ultimately, those arbitrators whose judicial philosophy is most acceptable to society would prevail. I am describing a state of affairs premised on the dominance of a Rothbardian conception of property rights. That conception leaves very little room for judicial discretion.
Rich wrote:we'll be left in a sort of free market version of the Communist paradise, where everyone agrees on property rights and there are no divisions in society at all.
If you don't understand the philosophy I am advocating, why don't you ask, rather than make assumptions?
I back a system that includes institutions for resolving conflicts (using force if necessary). I don't expect everybody to agree on which property belongs to whom. I do expect the majority of members of society to share a view of what are legitimate means for resolving conflicts. That isn't far-fetched - it is a feature of every stable and peaceful society, including our own.
Rei wrote:I also anticipate that Eran will say that the Nigerians and Cameroons are 'free' to decide whether they would like to sign the contract with us. After all, they could look at the plan and say, "fuck you all", and not get on the plane.
Well done. Moving on then:
Oh, but they need to make money and eat right? Oh, yes, and wouldn't you know it, the whole reason that we are there with jets on the tarmac and shiny suits on, asking them to consider boarding our planes to the colony, is because 250 years ago, our ancestors (literally and directly) extracted raw materials and human bodies in chains from that exact region, and accumulated wealth from it.
This is historically totally false. Colonialization is neither the reason the West is rich, nor the reason Africa is poor. If anything, it is the result of those, rather than their cause.
The West is rich because it offers tolerable levels of property right protection, together with a culture that values commerce and industry. Africa is poor because it has horrible government. Historically, Africa was poor because it has unfortunate geography.
But I am now confused. Your previous comment suggested that offering Africans to come and work in our island is somehow akin to slavery. Now you acknowledge that those workers will only come if what we offer is better than what they have. Why then is it morally questionable? Even taking your narrative of colonial exploitation, those Africans are still better off for being offered an option to work in our island. Why is that an argument against the island?
Free men are not equal and equal men are not free.
Government is not the solution. Government is the problem.