Curried Goats
Platinum Member
- Aug 28, 2021
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Here's what a real libertarian philosopher has to say about the notion of artificially induced scarcity:
If man were a solitary animal, if he worked solely for himself, if he consumed directly
the fruits of his labor—in short, if he did not engage in exchange—the theory of
scarcity could never have been introduced into the world. It would be all too evident,
in that case, that abundance would be advantageous for him, whatever its source, whether he owed it to his industriousness, to the ingenious tools and powerful machines that he had invented, to the fertility of the soil, to the liberality of Nature, ox even to a mysterious invasion of goods that the tide had carried from abroad and left on the shore. No solitary man would ever conclude that, in order to make sure that his own labor had something to occupy it, he should break the tools that save him labor, neutralize the fertility of the soil, or return to the sea the goods it may have brought him. He would easily understand that labor is not an end in itself, but a means, and that it would be absurd to reject the end for fear of doing injury to the means. He would understand, too, that if he devotes two hours of the day to providing for his needs, any circumstance (machinery, the fertility of the soil, a gratuitous gift, no matter what) that saves him an hour of this labor, so long as the product is as great, puts that hour at his disposal, and that he can devote it to improving his well-being, He would understand, in short, that a saving in labor is nothing else than progress.
The idea that it's beneficial for society for one man or company to induce scarcity by limiting the production of a particular good is nothing more than propaganda from the producer who is the only one who benefits from that arrangement.
If man were a solitary animal, if he worked solely for himself, if he consumed directly
the fruits of his labor—in short, if he did not engage in exchange—the theory of
scarcity could never have been introduced into the world. It would be all too evident,
in that case, that abundance would be advantageous for him, whatever its source, whether he owed it to his industriousness, to the ingenious tools and powerful machines that he had invented, to the fertility of the soil, to the liberality of Nature, ox even to a mysterious invasion of goods that the tide had carried from abroad and left on the shore. No solitary man would ever conclude that, in order to make sure that his own labor had something to occupy it, he should break the tools that save him labor, neutralize the fertility of the soil, or return to the sea the goods it may have brought him. He would easily understand that labor is not an end in itself, but a means, and that it would be absurd to reject the end for fear of doing injury to the means. He would understand, too, that if he devotes two hours of the day to providing for his needs, any circumstance (machinery, the fertility of the soil, a gratuitous gift, no matter what) that saves him an hour of this labor, so long as the product is as great, puts that hour at his disposal, and that he can devote it to improving his well-being, He would understand, in short, that a saving in labor is nothing else than progress.
The idea that it's beneficial for society for one man or company to induce scarcity by limiting the production of a particular good is nothing more than propaganda from the producer who is the only one who benefits from that arrangement.