Fortsätt till huvudinnehåll

Tea party gathers momentum

The spread of the Tea Party is a manifestation of the beast named ANARCHO-CAPITALISM (A-C).

Its prophets are Ayn Rand, and its high priests are Murray Rothbard, Bruce L. Benson. The economic theory comes from the Austrian School via Chicago, and it is founded on the fallacious theory of property rights put forward by John Locke. This leads them, paradoxically, into the same trap that Marxists fall into - that land and natural resources is a form of capital or nothing other than capital. That particular error makes it impossible to analyse contemporary economic and social problems.

A-C was the guiding principle behind Thatcherism, possibly having entered the political bloodstream via academics at St Andrew's University. Early UK advocates included Keith Joseph, and the principles of A-C underly the utterances of such as John Redwood. In a diluted form it was and remains a strong influence on both Labour and the LibDems. With Marxism discredited, there is nothing much else to draw on at the moment as a source for ideas in political economy. In the UK, the Taxpayers' Alliance is a front for this movement.

The Social Teaching of the Catholic Church (CST) offers the best hope, since it takes the view that both socialism and capitalism are flawed in their different ways. But CST offers no more than a framework of basic principles to work from. There is a job to be done in developing new practical policies.

Kommentarer

OrneryPest sa…
I think people are sucked into the error that land is capital by the fact that a business's initial outlay (mistakenly called "capital") needs to be spent to acquire land to locate its capital on.
Anonym sa…
Oh dear.

I thoroughly enjoy your comments on the Guardian's CiF, but this short post is so far off the mark.

Firstly, the US Tea Party movement is as much to do with conservative Christian values as any politico-economic ideology; there's a great rag-bag of various thoughts operating within it under the single banner. However, an ancap movement it certainly isn't.

Ancaps believe in no state, as the anarcho part of the label suggests. Neither the mainstream of the Tea Party, Thatcher, or any current (mainstream) UK politician appear to advocate the total dissolution of the state.

I guess that you are referring to the likes of Eamonn Butler and Madson Pirie of the Adam Smith Institute when you talk of academics from St Andrews university? The ASI is not, nor has ever been, a proponent of ancap policies. They are rather firmly of the neoliberal/corporatist tradition, seeking removal of impediments to corporate profits, whilst maintaining government subsidies to such organisations; for example via a publicly funded transport network, bailouts for banks etc. I personally loathe the ASI with a passion, but because of their hypocrisy, not because they are ancaps ;-)

Finally, the old witch Ayn Rand was not an ancap either. She was quite clear that she believed in a state; further, that the state should exercise coercive force outside of it's own territory. Her legacy lives on within the movement that she founded.

Sorry, but this was a very poorly informed post.
Physiocrat sa…
I am probably guilty of tarring all the various shades of neo-libertarian ideas with the same brush.

They are, of course, in the air, and have been since the mid-1970s. They have gathered strength through the failures of both democratic socialism and the collapse of Marxism as an intellectual force.

Underneath them all is one reasonable proposition and two fallacies. The reasonable proposition is that in most normal circumstances, people should be able to provide for themselves, or purchase for themselves, much of what is currently provided by the state at taxpayers' expense.

The first fallacy is that externalities, both costs and benefits, are ignored. The second fallacy concerns property rights and how they arise.
Anonym sa…
"The second fallacy concerns property rights and how they arise."

Do you have a link to anything I can read to understand the position that you hold? Thanks.
Physiocrat sa…
My position on property rights is that they need to be adapted to circumstances and cultural factors. The underlying principle is that land and natural resources, but not that which stands upon land, is a gift of God, or Nature, if you prefer. So "land ownership" is essentially what Denman, former Professsor of Land Economics at the University of Cambridge, described as a "bundle of rights" over what existed from time immemorial and was made by no man.

The most important of these rights include exclusive occupation, assignment of title by sale or testament, and collection of the economic rent of land. The rights derive from the community which respects them, and more formally via the government, which issues legal title and will protect it in the courts and by other means including the defence of the realm itself.

My position is that these rights imply a duty to the community, to pay for the benefits of ownership.

People should pay for what they get, and get what they pay for. Which means they should not steal it or take it by force.

Populära inlägg i den här bloggen

Importing people to sustain demand

I got involved in a discussion with a Youtuber called “Philosophy all along”. This was in connection with criticism of Trump’s policy of deporting illegal migrants, which he argued would be bad for the economy as it would reduce demand. This implies that there is a need to import people to sustain demand. There is no obvious reason why a population should not be able to consume everything that the same population produces. If it can not, then something else is going on. It is a basic principle that wages are the least that workers will accept to do a job. Wages are a share of the value added by workers through their wages. The remainder is distributed as economic rent, after government has taken its cut in taxes. Monopoly profit is a temporary surplus that after a delay gets absorbed into economic rent. Land values in Silicon Valley are an example of this; it's like a gold rush. The miners get little out of it. Rent and tax syphon purchasing power away from those who produce the g...

The Zombie Train that refuses to die

The Guardian has published a couple more articles against HS2, one by specialist rail commentator Christian Wolmar, and another today by journalist Simon Jenkins. The main arguments in favour will doubtless be wheeled out by the commentators: the need for capacity and the disruption caused by upgrading existing routes. HST itself will severely disrupt services to Euston during the construction period. Capacity can be increased at a fraction of the cost by a variety of measures, provided that it is accepted that the additional traffic will run at existing speeds. It is not generally known that the Midland main line is, or was, four track all the way from London to Trent Junction, between Nottingham and Derby. This is because the additional tracks are separate, having been added for coal trains which trundled down to Brent sidings, on the edge of London, from a collection point at Toton in Nottinghamshire, where the Midland Railway build a huge marshalling yard. Beyond Derby, the main l...

How much more will the British tolerate?

The British are phlegmatic, tolerant and slow to rouse. Thus there was no great reaction after the terrorist attack in July 2005. The murder of Lee Rigby created a sense of outrage, but nothing more, since it appeared to be an isolated incident. Two serious incidents within a fortnight are another matter. Since the first major terrorist incident in 2001, authority has tried to persuade the public that Islam is a religion of peace, that these were isolated events, or the actions of deranged "lone wolves", having nothing to do with Islam, or to reassure that the chances of being killed in a terrorist attack were infinitesimally small. These assurances are are beginning to wear thin. They no longer convince. If government does not act effectively, people will take the law into their own hands. What, however, would effective action look like? What sort of effective action would not amount to rough justice for a lot of innocent people? Given the difficulties of keeping large n...