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Continued from here.
Politics (7) - Politics (18):
(12):
- there cannot be meaningful freedom unless anyone, who is so inclined, may participate in the political competition for opinion leadership and political clout
- one of the reasons why: exclusion from political participation effective tool for rigging markets / economic advantages
- markets are not an alternative to politics
- markets cannot replace politics
- the following is wrong: "... markets create interdependencies without forcing subjugation ..."
- in market economies there is a lot of subjugation going on
- subjugation is allowed or even decreed (a) on the legal meta level and (b) as part of the game defined by the legal meta rules
- peaceableness and fairness of interaction ("interdependencies") in the market are achieved by legal restrictions on fraud and coercion, which restrictions themselves are coercive
- coercive prescriptions are chosen to lift the overall level of benefits for society, compared to coercive practices designed to give an advantage to the martially stronger
- markets are instrumental in consummating the objective of peaceful productivity, they are not the origin of it
- legal arrangements assume the role of originator, and law is ultimately the upshot of political ambitions and institutions
- subjugation is not only instituted at the meta level - e.g. allowing incarceration of fraudulent merchants - but is legitimised on the operational level of markets by tolerating activities intended to impose severe harm on one's competitors such as causing their insolvency.
- politically derived and constantly revised legal framework of markets does not abolish coercion/subjugation
- instead: replaces dysfunctional forms of coercion with forms presumed to be less dysfunctional or productive of net benefits that justify certain types of conditional coercion
Continued here.
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