Karl Marx/Gordon Gecko
Most of what Americans think they know about capitalism and communism is total nonsense. Here's a clearer picture.As the commentary around the recent deaths of Nelson Mandela, Amiri Baraka and Pete Seeger made abundantly clear, most of what Americans think they know about capitalism and communism is arrant nonsense. This is not surprising, given our country's
history of Red Scares designed to impress that anti-capitalism is tantamount to treason. In 2014, though, we are too far removed from the Cold War-era threat of thermonuclear annihilation to continue without taking stock of the hype we've been made, despite
Harry Allen's famous injunction, to believe. So, here are seven bogus claims people make about communism and capitalism.
1. Only communist economies rely on state violence.Obviously, no private equity baron worth his weight in leveraged buyouts will ever part willingly with his fortune, and any attempt to achieve economic justice (like taxation) will encounter stiff opposition from the ownership class. But state violence (like taxation) is inherent in every set of property rights a government can conceivably adopt - including those that allowed the aforementioned hypothetical baron to amass said fortune.
In capitalism, competing ownership claims are settled by the state's willingness to use violence to exclude all but one claimant. If I lay claim to one of David Koch's mansions, libertarian that he is, he's going to rely on big government and its guns to set me right. He owns that mansion because the state says he does and threatens to imprison anyone who disagrees. Where there isn't a state, whoever has the most violent power determines who gets the stuff, be that a warlord, a knight, the mafia or a gang of cowboys in the Wild West. Either by vigilantes or the state, property rights rely on violence.
Comment: Forsome interesting food for thought, check out:
NSA PRISM: Neither Privacy Nor Security
NSA leaker: are there serious cracks in Ed Snowden's story?
Matrix: Who is Edward Snowden?
Ed Snowden's magic thumb drive and other NSA fantasies
Did someone help Ed Snowden punch a hole in the NSA?