HeavenlyPossum on Nostr: npub1lejz2…xvl5l npub1erh5v…aw6xs npub15th6y…a6nvx npub1k4f8u…qhjgz Adam ...
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Adam Smith also recognized that the enclosure of common pool resources by private owners, such as landlords, was parasitic monopolism incompatible with free exchange.
The *idea* of capitalism contains two contradictory ideas: private property and free exchange. You cannot have the latter while the former prevails, and capitalism will *always* privilege the prerogatives of property owners over voluntary exchange. Ancaps are not opposed to hierarchies and rulers; they are not meaningfully anarchists.
Adam Smith also recognized that the enclosure of common pool resources by private owners, such as landlords, was parasitic monopolism incompatible with free exchange.
The *idea* of capitalism contains two contradictory ideas: private property and free exchange. You cannot have the latter while the former prevails, and capitalism will *always* privilege the prerogatives of property owners over voluntary exchange. Ancaps are not opposed to hierarchies and rulers; they are not meaningfully anarchists.