A free marketer doesn't advocate government intervention. Toro does, so I don't consider him to be a free marketer. He views a mixed economy as optimal. In my book, he's a centrist.
Really? So if I mentioned the negative social opportunity costs of market externalities, you wouldn't advocate Pigovian taxation?
Mention them and we'll see. When you do, just be absolutely sure that you're not characterizing the negative social opportunity costs of socialist or fascist regulatory externalities as market externalities. In the meantime, my answer is **** NO, because I don't think you're going to come up with negative social opportunity costs of market externalities that are actually valid.
But this theory of our government is wholly different from the practical fact. The fact is that the government, like a highwayman, says to a man: 'Your money, or your life.' And many, if not most, taxes are paid under the compulsion of that threat. The government does not, indeed, waylay a man in a lonely place, spring upon him from the roadside, and, holding a pistol to his head, proceed to rifle his pockets. But the robbery is none the less a robbery on that account; and it is far more dastardly and shameful. The highwayman takes solely upon himself the responsibility, danger, and crime of his own act. He does not pretend that he has any rightful claim to your money, or that he intends to use it for your own benefit. He does not pretend to be anything but a robber. He has not acquired impudence enough to profess to be merely a 'protector,' and that he takes men's money against their will, merely to enable him to 'protect' those infatuated travellers, who feel perfectly able to protect themselves, or do not appreciate his peculiar system of protection. He is too sensible a man to make such professions as these. Furthermore, having taken your money, he leaves you, as you wish him to do. He does not persist in following you on the road, against your will; assuming to be your rightful 'sovereign,' on account of the 'protection' he affords you. He does not keep 'protecting' you, by commanding you to bow down and serve him; by requiring you to do this, and forbidding you to do that; by robbing you of more money as often as he finds it for his interest or pleasure to do so; and by branding you as a rebel, a traitor, and an enemy to your country, and shooting you down without mercy, if you dispute his authority, or resist his demands. He is too much of a gentleman to be guilty of such impostures, and insults, and villanies as these. In short, he does not, in addition to robbing you, attempt to make you either his dupe or his slave.
--Lysander Spooner
And you wouldn't consider the infant industries argument as a method in which government intervention can bolster eventual market exchange?
Suck ass, bullshit, authoritarian statist change that is inconsistent with any notions of liberty or human rights, yeah.
What's most ironic about the free marketers' base hatred of government is that the government has traditionally acted as the primary stabilizing agent in a capitalist economy.
Not really. As the enforcer of the rule of law, yes; not as a market regulator. This is the primary gripe I have with you statist types; you view a free marketeer's enjoyment of the rule of law, and derision of market regulation as hypocritical, when the two concepts are entirely different.
When buying and selling are controlled by legislation, the first things bought and sold are legislators.
--P.J. O'Rourke
There's no place in a free market for force or fraud--just like there's no place for force or fraud anywhere else that people are interacting peacefully. There is no need to regulate markets, unless you cannot obtain market advantage without the use of force or fraud--and therein is the dirty little secret that you statists hide with your smoke-and-mirrors, bait-and-switch with rule-of-law vs regulation: you can't achieve and/or maintain your own market advantage without the use of government sanctioned and sponsored force an/or fraud--you losers
need regulations to hobble your betters and advance your incompetent efforts. You don't have the tools to survive in a free market.
Funny you mention utopian talking points, though. Your view of how a society can function without a governing body is pretty funny. Just yet another idea that "looks good on paper".
You'll have to specify what you mean by a "governing body." I believe that a society can function more productively without a
state, as was the case in the anarchist regions of Aragon, Catalonia, and parts of the Levant during the Spanish Revolution, in which the "governing" body was horizontal federations of decentralized urban collectives and rural communes, in which libertarian social organization and socialist collectivization generated efficiency gains and beneficial social effects.
"Socialist collectivization" is theft. It's morally repugnant, and ultimately fails because theft of wealth is not the same thing as the creation of wealth.
Hence, there is empirical support for my perspective, . . .
Really? So if I mentioned the negative social opportunity costs of externalities appurtenant to "socialist collectivization", you wouldn't advocate prison for the thieves?
. . . in that such a society has existed and functioned in the past, to say nothing of what we might derive from microeconomic analysis into the greater productivity of worker-owned enterprises, which have the tendency of minimizing the principal-agent problems seen in the conventional capitalist firm.
Where are these Spanish socialist collectivist thieves now, if this was so successful? I know what they're not doing . . . they're not creating wealth--they're stealing it.
This is the fatal flaw of the looting classes; they insist that they are entitled to the life-work of those who create wealth and/or capital--an "entitlement" that they collect by force.
It is self-evident that no number of men, by conspiring, and calling themselves a government, can acquire any rights whatever over other men, or other men's property, which they had not before, as individuals. And whenever any number of men, calling themselves a government, do anything to another man, or to his property, which they had no right to do as individuals, they thereby declare themselves trespassers, robbers, or murderers, according to the nature of their acts.
--Lysander Spooner
On the other hand, support of free market capitalism has no empirical basis and is entirely derived from the textbook.
Except for every bit of free market capitalism that socialists, fascists, communists and corporatists embrace to validate their bullshit--other than
that, free market capitalism has no empirical basis and is entirely derived from the textbook.
Capitalism can collapse solely on the basis of the existence of imperfect contracting, which free market utopianists routinely fail to acknowledge.
Utopians or otherwise, proponents of free markets fail to aknowledge that capitalism can collapse solely on the basis of the existence of imperfect contracting, because the notion is utter bullshit.
The fact that information asymmetries exist in a capitalist economy will necessarily cause adverse selection and moral hazard problems in the real world separate from the free market utopia.
But for these information asymmetries to become significant, global adverse selection and moral hazard problems, just about EVERYONE participating in a free market would have to make precisely the same mistakes at just about the same time--that's the premise of the doomsday prophesies of statists; possibility, regardless of how remote, means probability.