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Mutualist Blog: Free Market Anti-Capitalism

To dissolve, submerge, and cause to disappear the political or governmental system in the economic system by reducing, simplifying, decentralizing and suppressing, one after another, all the wheels of this great machine, which is called the Government or the State. --Proudhon, General Idea of the Revolution

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Wednesday, January 18, 2006

Sciabarra Encyclopedia Article on Libertarianism

Chris Sciabarra has an excellent article on "Libertarianism" included in the International Encyclopedia of Economic Sociology.

Mises located the central ‘caste conflict’ in the financial sector of the economy. In such books as The Theory of Money and Credit, he contends that government control over money and banking led to the cycle of boom and bust. A systematic increase in the money supply creates differential effects over time, redistributing wealth to those social groups, especially banks and debtor industries, which are the first beneficiaries of the inflation.

Mises’ student, Murray Rothbard, developed this theory of ‘caste conflict’ into a full-fledged libertarian class analysis. Rothbard views central banking as a cartelizing device that has created a powerful structure of class privilege in modern political economy. These privileges grow exponentially as government restricts market competition and free entry, thereby creating monopoly through various coercive means (e.g. compulsory cartelization, price controls, output quotas, licensing, tariffs, immigration restrictions, labour laws, conscription, patents, franchises, etc.).

Rothbard’s view of the relationship between big business and government in the rise of American ‘statism’ draws additionally from the work of New Left historical revisionists, such as Gabriel Kolko and James Weinstein. These historians held that big business was at the forefront of the movement towards government regulation of the market. That movement, according to Rothbard, had both a domestic and foreign component, since it often entailed both domestic regulation and foreign imperialism to secure global markets. The creation of a ‘welfare-warfare state’ leads necessarily to economic inefficiencies and deep distortions in the structure of production. Like Marx, Rothbard views these ‘internal contradictions’ as potentially fatal to the economic system; unlike Marx, Rothbard blames these contradictions not on the free market, but on the growth of statism.


Blogger Alberto said...

Hello, Mr. Carson, about libertarianism you have a critic here (is in Spanish). Is a austrian school libertarian. Here with Google Language Tools.

Maybe this is interesting for you if you want to respond it.

Someone, as Esteban, for example, could translate the critic into English I suppose.

Excuse my English.

January 18, 2006 8:23 PM  
Blogger Kevin Carson said...

Thanks for the link, alberto. I'll see what I can do about finding out what it says. I tried the babelfish translation, and was able to understand just enough to get my curiosity piqued.

January 18, 2006 8:44 PM  
Anonymous Brad Spangler said...


Consiga del asno de Kevin Carson: Get off Kevin Carson’s ass

January 19, 2006 1:31 AM  
Blogger Alberto said...

Yes, Brad Spangler, you are a libertarian from genuine rothbardarian branch, a radical austrian, so you are honest and interesting.

You don't distort mutualists ideology and you don't have prejudices with terms like "socialism" used in the sense of mutualists terminology. Other libertarians are totally dogmatic in this stuff: "socialism is collectivism", "mutualism will degenerate in collectivism" "mutualism is marxist, so mutualism is collectivism"...

BTW, dogmatic libertarians don't know what is a genuine free market, they are confused sometimes...

Excuse my English.

January 19, 2006 3:17 AM  
Anonymous Brad Spangler said...

Hi Alberto,

Yes, I try my best to help clear up confusion.

Also, your English is far better than my Spanish.

January 19, 2006 5:58 AM  
Blogger Kevin Carson said...

Thanks a lot, Brad. I tried to dig into that message board, but the horrible Babelfish translation left me scratching my head.

And Alberto, saying your English is better than MY Spanish is not even a compliment. I picked up most of my Spanish from that guy in the bee costume on Channel Ocho. Esteban's translation of that post from Un colombiano mas made me wonder, much to my chagrin, how much excellent material I'm missing out on as a result.

January 19, 2006 11:07 AM  
Blogger Alberto said...

This comment has been removed by a blog administrator.

January 19, 2006 12:19 PM  
Blogger Alberto said...

Carson's critic author explanation, here.

Ther is a critic to my caotic views, too.

March 25, 2006 12:46 PM  

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