Brian Peacock wrote:Seth wrote:Brian Peacock wrote:Does the body of the Free Market bear any necessary social responsibilities, and if so what are they?
None at all. The "free market" is not a thing, it's an economic process by which individuals engaged in trade negotiate price and availability of products, nothing more. There is nothing inherently moral or immoral about the process of "free marketeering."
Social responsibility only occurs between human beings and only to the extent that one individual chooses to be involved with another human being in circumstances that may lend themselves to the initiation of force or fraud.
Of course, by 'body' I mean all those engaged in what one might call the mutual exchanges that take place under that 'Free Market' banner.
The conflation of "free market" and "body" meaning those who participate in free market economics blurs the necessary division between economic transactions and social order.
The only appropriate linkage between an economic transaction and social responsibility is the necessary requirement to prevent force or fraud in the transaction. Everything else is
caveat emptor. The "social fairness" of a trade is of no concern to anyone but the parties to the transaction. What an outsider to the transaction, like the government, thinks about whether the purchaser has been "fairly treated" is beyond irrelevant and the social justice motivation for interfering in a private contract (transaction) is the root of most of the problems with government overregulation and interference intended to manipulate the markets to achieve social engineering goals.
If I go to a shoe store and examine a pair of shoes and decide to buy them, it's strictly a transaction voluntarily entered into between me and the vendor, and if you (or the government) thinks I'm being charged too much for that pair of shoes, it's irrelevant and should never be an excuse for government regulation of the shoe market to try to ensure that I pay a "fair" price for those shoes. If I want the shoes and I'm willing to pay, let's say, women's fashion shoe prices for a basic man's shoe, I'm being fairly treated in the transaction and government should butt out.
Free market economic transactions are quite simple. A buyer decides whether he is willing to pay the price for the good offered by the seller. Absent fraud (like advertising snake oil as a cure-all for disease or telling someone the car they are buying gets 50 miles to the gallon when it actually only gets 15), the wisdom of a buyer's decision to voluntarily pay for a good is not an appropriate subject for government examination or regulation. To allow such intervention by the government grants to the government the power to stand
in loco parentis for adults whose fundamental liberties depend upon being able to make sovereign decisions about their lives free of nanny-state interference by government. For better or worse, human beings function better, both as individuals and as a society, when individuals make their own decisions about how to dispose of the fruits of their labors. The free market operates based on the principle that the billions of individual decisions about what to buy, when, and for how much are the ONLY remotely accurate and appropriate way for markets to be regulated for other than the prevention of force or fraud.
Anything else is either government choosing economic winners and losers for social engineering purposes or government improperly assuming parental control over free adults, which denigrates the individual's right to life, liberty and the pursuit of happiness. Government has no place interposing its judgements about how and individual disposes of the fruits of his or her labor, because to allow that is to create totalitarian tyranny and oppression.
If a consumer makes a mistake in purchasing something, the responsibility and consequences for that mistake fall upon the consumer alone, and it is those consequences that teach the consumer to make better decisions. We all know that it is not appropriate for parents to make every decision a child may face because it leaves the child unable to function in society without parental guidance. The same principle applies to governmental interference with economic decision making by adults. It's a bad thing.
Seth wrote:Don't confuse rational self interest, compassion, altruism, charity, greed, avarice, dishonesty or other aspects of an individual's character with some sort of duty to perform in a particular manner implied by the term "social responsibility."
What is "socially responsible" for one may be nothing more or less than coerced submission to theft and enslavement for another.
I must admit that this seems a rather unnecessarily defensive response to the uncontroversial notion of 'social responsibility' - which is really just a catch-all term for a broad ethic which implies that an entity, either institution, organization, or individual &c, owes their fellow entities some element of duty not to act in ways which are detrimental to them.
That's actually the core issue here. Does the individual owe others a duty to do anything other than avoid initiating force or fraud against another. We can dispense with the "institution [or] organization" by simply recognizing that institutions, organizations, businesses, corporations and all other forms of organization of humans are comprised of individual human beings, each of whom, and all of whom together, have a duty not to initiate force or fraud against another. In Libertarian theory, a corporate structure does not provide legal exemption from the basic rule of not initiating force or fraud for the individuals who comprise the corporation, from the shareholder to the CEO. In Libertarian philosophy there is no such thing as immunity from personal liability for the actions of a group that the individual chooses to associate with and abdicate personal decision making power to.
Every person is responsible for his or her own actions, absolutely and without exception, and it is not an excuse that one is "merely a shareholder" and not a corporate official when the corporation initiates force or fraud. Every individual is equally responsible for the actions of those who have been given authority to act in the name of the individuals in the group.
This principle prevents groups from disclaiming responsibility for the wrongful actions of those they have ceded personal authority to, which in turn motivates the members of an organization to ensure that those who exercise such control do so within the boundaries of Libertarian principles, lest they be held personally responsible for the actions of their leaders.
In Libertarianism the duty of each individual, regardless of other associations or agreements, to avoid initiating force or fraud, even indirectly by authorizing someone else to act on the individual's behalf, motivates individuals to use great care in making associations and authorizing others to act in their name.
Under this principle, every member of the KKK would be equally liable for any sanction imposed upon any other member for violation of the no-force-or-fraud principle under the banner of the organization.
Seth wrote:The intellectual flaw in interpreting the idea of "democracy" is that too many people make the a priori false assumption that "majority rule" is itself inherently fair, just and morally correct. It's not. Most definitely it's not. This is why the US is NOT a "democracy," it's a constitutional republic that utilizes certain limited democratic methods and processes as a part of group decision making.
There is nothing at all inherently good about majority rule. In fact the notion of majority rule is inherently immoral because it falsely presumes that whatever the majority wants is good, and that therefore the will of the majority may morally and ethically imposed on the minority regardless of the opinion of or impact upon the minority of the majority decisions.
And this follows from what?
What do you mean? Majority rule is the basis of Socialism. Since majority rule is immoral, Socialism is immoral.
Seth wrote:In Libertarianism "social responsibility" means only two things: Do not initiate force or fraud against another. This requirement of social interaction is the only behavior that another individual or the community has moral authority to impose on someone. This moral authority is based in the principle that the individual is sovereign and entitled as by right to do as he or she pleases without constraint so long as, and only so long as his or her actions do not have the effect of initiating force or fraud upon others.
The problem with most people's understanding of Libertarianism is a faulty and misinformed understanding of what "initiation of force or fraud" actually means and how a particular individual act is analyzed under those rules to see if the others impacted by the action have just cause to resist the action or seek compensation for the alleged wrong. That analysis, it turns out, is much more complex and nuanced than most objectors to Libertarianism care to acknowledge. Usually they prefer to erect strawmen and red herring arguments and propound fallacies of composition as a substitute for a rational, reasoned analysis of specific examples under Libertarian philosophy that might illuminate the truth about Libertarian philosophy.
I guess you are somewhat bored, and perhaps a little frustrated, with having to defend Libertarian ideals against what you see as undue criticism borne from misapprehension. Nonetheless, I would like to pick a little more at what you regard as the due limit of social responsibility from a Libertarian perspective.
I'm not bored at all. I'm frustrated that in general, discussion of Libertarianism goes no further than the obvious and traditional insults, derision, canards and evasions of socialists, who by and large refuse to engage the subject on anything other than a superficially snarky level. I'm quite pleased with your willingness to examine the subject free of rancor and personal invective. I really appreciate it, it's been a very, very long time since anyone has been willing to have an honest and respectful discussion on the subject of Libertarianism.
Seth wrote:In Libertarianism "social responsibility" means only two things: Do not initiate force or fraud against another. This requirement of social interaction is the only behavior that another individual or the community has moral authority to impose on someone.
Accepting that fraud is something to be defined in law as some transaction in which one entity wilfully, and for gain, fails to uphold some aspect of some form of contract, and that force is to be similarly defined as action by an entity which seeks to oblige or coerce another to act against its own declared interests, how does this imbue any particular interaction with social responsibility - which we might say is a responsibility extended to those not directly involved in that interaction?
It doesn't. That's the point. "Social reponsibility" is Newspeak for "doing what the majority wants." Libertarianism eschews telling the individual he must comport himself in any particular manner based on social convention. The only constraints on individual action are to avoid initiating force or fraud. Beyond that, individual behavior in a social setting is governed by the liberties that other members of the community have to voluntarily interact or not interact with the individual. Therefore, "social responsibility" as generally implied does not exist, all that exists is acceptable social behavior and unacceptable social behavior, and that is a judgment made by each and every other individual with whom the first person comes into contact.
Moderating and guiding social behavior down acceptable paths is the product of individual actions in response to objectionable behaviors. If you pick your nose and eat it at dinner, others are under no obligation to invite you to dinner in the future. If you hog more than your fair share of common property out of greed, others may shun you. They can refuse to trade with you, help you or even acknowledge your existence, and it is the natural inclination to social behavior and inclusion that is depended upon to cause the offending individual to modify his or her own social behavior so as to gain acceptance and intercourse with other members of the community.
Social behavior is not enforced, it is encouraged by the withdrawing of social interaction when one acts inappropriately.
This principle of Libertarianism honors the firm belief that each individual is autonomous and has the right to do as he or she pleases, absent the initiation of force or fraud, but is also expected to suffer the consequences of those actions that may displease or injure others, and that others have an equal right to do as they please, which includes shunning individuals whom they don't care to associate with.
For example, by your lights, are commercial entities free to act and transact in the way individuals are free to act and transact - assuming of course that the actions and transactions in question comprise a mutual exchange in which neither force nor fraud plays a part?
Yes. But keep in mind that there is no such thing as a "commercial entity" that is not comprised of individuals, each of whom is individually and severally responsible for abiding by the fundamental Libertarian principles of avoiding the initiation of force or fraud.
I bring 'commercial entities' into this only because I am trying to draw you towards explaining what a Libertarian sees as the extent and scope of freedom in a Free Market system, and what limitations it is proper to place upon it - and why?
I've already explained this. Your misunderstanding is in thinking that a "commercial entity" is something other than the people who operate it. It's not. A "commercial entity" such as a corporation is an organizational form for a group of people wishing to operate together in a free market that describes how
members of that organization cede individual power and authority to a management structure. The operational organizational form of the business entity has nothing to do with the responsibility of each and every individual participating in that organization to prevent the initiation of force or fraud by those who have been given authority to manage, it's not (in Libertarianism) something separate and distinct from the individuals who operate and profit from it. There is no disclaiming of personal liability for the initiation of force or fraud by the "commercial entity" in Libertarianism. Each individual in that organization is fully responsible for the consequences of allowing those who manage or operate the organization to initiate force or fraud in the marketplace.
"Seth is Grandmaster Zen Troll who trains his victims to troll themselves every time they think of him" Robert_S
"All that is required for the triumph of evil is that good men do nothing." Edmund Burke
"Those who support denying anyone the right to keep and bear arms for personal defense are fully complicit in every crime that might have been prevented had the victim been effectively armed." Seth
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