--Hans-Hermann Hoppe, "Fallacies of the Public Goods Theory and the Production of Security," Journal of Libertarian Studies 9, no. 1 (Winter 1989): 27.
Sunday, May 5, 2019
Gustave de Molinari Wrote: "No Government Should Have the Right to Prevent another Government from Going into Competition with It, or Require Consumers of Security to Come Exclusively to It for this Commodity"
In 1849, at a time when classical liberalism was still the dominant ideological force
and "economist" and "socialist" were generally-and rightly so-considered
antonyms, Gustave de Molinari, a renowned Belgian economist, wrote, "If there
is one well-established truth in political economy, it is this: That in all cases, for
all commodities that serve to provide for the tangible or intangible need of the consumer, it is in the consumer's best interest that labor and trade remain free,
because the freedom of labor and trade have as their necessary and permanent result
the maximum reduction of price. And this: That the interests of the consumer of
any commodity whatsoever should always prevail over the interests of the producer. Now, in pursuing these principles, one arrives at this rigorous conclusion: That the production of security should in the interest of consumers of this intangible
commodity, remain subject to the law of free competition. Whence it follows: That
no government should have the right to prevent another government from going
into competition with it, or require consumers of security to come exclusively to
it for this commodity." And he comments on this whole argument by saying,
"Either this is logical and true, or else the principles on which economic science
is based are invalid."
--Hans-Hermann Hoppe, "Fallacies of the Public Goods Theory and the Production of Security," Journal of Libertarian Studies 9, no. 1 (Winter 1989): 27.
--Hans-Hermann Hoppe, "Fallacies of the Public Goods Theory and the Production of Security," Journal of Libertarian Studies 9, no. 1 (Winter 1989): 27.
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