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Karl Hess -
Laissez
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Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so.
Karl Hess
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In a laissez-faire society, there could exist no public institution with the power to forcefully protect people from themselves. From other people (criminals), yes. From one's own self, no.
Karl Hess
Quote of the day
Every word she writes is a lie, including 'and' and 'the'.
Mary McCarthy
Karl Hess
Born:
May 25, 1923
Died:
April 22, 1994
(aged 70)
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