We hear a lot of propaganda about how Capitalism has failed, and how we need even more Socialism and government intervention in the economy, but I disagree. On the contrary, I think a Capitalist, Free-Market economy has never truly existed.
Of course, there have been pockets of Capitalism that have existed. The South Sea Islander or the Native American, trading shells or some other money commodity for another useful commodity, like food or tools, was engaging in pure Capitalism. There was no coercion, both parties to the trade did so willingly, they used the money commodity to realize the transaction, and both were glad afterwards. The man with a thousand cowry shells, but only a day’s food, traded some of those shells for a months supply of victuals, while the man receiving the shells knew that he had a thousand pounds of food which would soon go bad, and also knew he could trade those cowry shells in the next village for a goat he wanted for a pet. Each got what he wanted, with no coercion or violence. The trade was effected with the money commodity, better known as Capital. And both traders ended up with a more commodious life, according to their individual pursuits of happiness. That is Capitalism, and that is good.
But outside of such native trading situations, and perhaps isolated pockets of the Old West, where people traded precious metal coins or dust back and forth to get their commodities, there has been no true Capitalism.
What Libertarianism, and Jefferson’s Republic sought and now seek, is the realization of such a Capitalist society within the Jeffersonian framework of the Constitution and the Bill of Rights. It’s not that Capitalism produces Libertarianism, though it does if we look at the history of England, the Netherlands, and the Italian Republics, but rather that Libertarianism leads to Capitalism, because of the sanctity of Property Rights under the Natural Law theory.
There have been two necessary ingredients to this Capitalist Revolution that have never existed before simultaneously in history. The one was the Libertarian philosophy and government according to Jefferson, and the other, which has only become recently available, is the incredible explosion in technology.
Technology has exploded so many of the problems that Human Beings used to have to spend most of their lives dealing with. Compare the problems of performance and maintenance of the first Model-Ts to the current models. Now there is a device that can suck moisture out of the air in the middle of the Sahara, so that one need not die of thirst. Technology has enabled many “disabled” people to perform on a computer just like their “enabled” counterparts, and there are very few people who could not now do some useful work on a computer, no matter what their disability, though there are many exceptions.
It seems to me that now, with this amazing technology, and this amazing Jeffersonian concept of government, finally bringing the Libertarian, or Classical Libertal, philosophy to fruition, there is no obstacle in the way of creating such a Libertarian Capitalist free society, save for big, socialistic, government, and the mentality it has created in most of the American Public. That Libertarian philosophy was nurtured and passed through so many thinkers from the Middle Ages, through the Renaissance, to the English Dissenters, and finally to that Renaissance Man, Thomas Jefferson, who saw and acted as if money was not an end in itself, but a tool in the “Pursuit of Happiness”. Recall that in previous constitutions, the phrase had been “an unalienable right to life, liberty, and property”. I believe Jefferson had the great insight that money only had relation to the things it could be used to obtain and to do, and he certainly lived his life that way, throwing every cent that came his way into Monticello, and crop experimentation, and books, and musical instruments, and land. The great blot on his record was that, paradoxically, this great “Libertarian” descended to owning slaves, about the worst Libertarian crime there is, after murder.
But now, we have the Jeffersonian blueprint, which took millenia to develop, and we have this amazing technology, which also took millenia. With each in one hand, we can create a Free-Market society where there will be great Freedom and prosperity, where the Bill of Rights is scrupulously enforced, and men are generally happy because they have found a calling that they enjoy, that earns them a living.
Let’s create this non-coercive Libertarian society of Free-Market Capitalism, which I believe will lead to a constantly rising standard of living, and a constant creation of new jobs and professions catering to the free-market demands of whomever has the Capital to undertake a project, be it buying an orange, or building an orphanage.
For the first time in recorded Human History, let’s have a real Capitalist Society.
Please help bring this about by voting for me for Governor of Oregon. While bringing about this Capitalist Revolution, I will defend the Land and Nature tooth and nail, beginning with a logging moratorium on all State Lands, preserving this valuable asset, owned by the residents and taxpayers, to increase the intrinsic value of the land.
Paul Grad, paulgrad4governor.wordpress.com