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#41
03-22-2006, 01:00 AM
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Re: AC: The Economics of Revolutions
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Arbiters who accept bribes go out of business. Imagine if PriceWatersHouseCoopers was exposed by accepting bribes from Paradise to keep its "rigged cards" under wraps. Who would ever hire PWHC after that? [/ QUOTE ] Well, PWHC wouldn't be accepting bribes, Joe Blo in the claims department would be. After accepting bribes and resigning, he'd go on to lead a happy and healthy life and let PWHC deal with his mess. [/ QUOTE ] What makes Joe Blo immune from "prosecution"? [/ QUOTE ] What has Joe Blo done wrong other than make a poor business decision? As a result of it, he had to leave his job and will no longer be employed as a claims agent. Isn't that the free market in action? Haven't the services of Joe Blo Inc. lost their demand and, as such, hasn't he gone out of business, so to speak? 
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#42
03-22-2006, 01:02 AM
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Re: AC: The Economics of Revolutions
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What has Joe Blo done wrong other than make a poor business decision? As a result of it, he had to leave his job and will no longer be employed as a claims agent. Isn't that the free market in action? [/ QUOTE ] Gotcha. There's no law in the free market. Makes sense.
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#43
03-22-2006, 01:05 AM
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Re: AC: The Economics of Revolutions
[ QUOTE ]
[ QUOTE ] What has Joe Blo done wrong other than make a poor business decision? As a result of it, he had to leave his job and will no longer be employed as a claims agent. Isn't that the free market in action? [/ QUOTE ] Gotcha. There's no law in the free market. Makes sense. [/ QUOTE ] Well, Joe Blo could certainly be forcively coerced into living in a prison, or moving to the Arctic Circle, or whatever, but isn't that the exact practice that ACers so ardently oppose in the government?
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#44
03-22-2006, 01:06 AM
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Re: AC: The Economics of Revolutions
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Wrong. Because Bob is a subscriber of an insurance company that has hundreds of billions of dollars worth of assets to protect, and hence enormous resources to devote to protecting its customers. Your gang of thugs cannot compete in the force market and end up freezing their asses of above the arctic circle. Insurance companies have a market incentive to punitively enforce restrictions on behavior, so that they see a lower claim rate. Someone will decide that if Bob goes BASE jumping, he needs to go to insurance company jail. Who stops them from doing that? [/ QUOTE ] The existence of insurance companies that don't want to go out of business. Strangely enough, people would not voluntarily patronize companies that tried to coerce them into behaving ways they don't want to. Shocking, isn't it? [ QUOTE ] Or if a man steals $1,000,000 each from two neighbors who are subscribers to different insurance plans, and he dies with only $730,000, who arbitrates the split? Who ensures that one party doesn't bribe the arbiter (or even the entity that disburses the funds to the claimants) to overpay them? [/ QUOTE ] The market. Seriously, this is getting ridiculous. How many times do we have to answer the same questions? Hint: Search for the phrase "reputable arbitrator" in posts by myself and come back in a week when you've read them all. [ QUOTE ] If the stakes are sufficiently large, a person only has to break a deal once to be set for life. [/ QUOTE ] A) Like that doesn't happen under the state. At least try to stick to arguments that don't apply to the state, mmk? B) What magically makes him immune from legal action?
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#45
03-22-2006, 01:07 AM
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Re: AC: The Economics of Revolutions
[ QUOTE ]
What makes Joe Blo immune from "prosecution"? What if Joe's family thinks he was wrongly prosecuted? They find a way to retaliate. [/ QUOTE ] While this routinely happens under a monopolized legal system, if Joe were to be wrongly tried and convicted, the free market has a better chance of exposing this, and there would certainly be appeals courts in Rothbard land. I would imagine competing legal firms would savor the possibility of exposing faulty judgements and gaining market share, much like Miller Lite exposes how Bud Light has less taste. Firms that make faulty judgements would not be sought in legal disputes, and so they would go out of business.
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#46
03-22-2006, 01:07 AM
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Re: AC: The Economics of Revolutions
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What has Joe Blo done wrong other than make a poor business decision? [/ QUOTE ] Probably committed fraud and I don't see much reason why fraud would be tolerated in ACland. [ QUOTE ] Haven't the services of Joe Blo Inc. lost their demand and, as such, hasn't he gone out of business, so to speak? [/ QUOTE ] Yes. But why does it have to stop there?
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#47
03-22-2006, 01:09 AM
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Re: AC: The Economics of Revolutions
[ QUOTE ]
[ QUOTE ] Haven't the services of Joe Blo Inc. lost their demand and, as such, hasn't he gone out of business, so to speak? [/ QUOTE ] Yes. But why does it have to stop there? [/ QUOTE ] Because anything beyond that would be forcive coersion, which is antithetical to the tenets of AC.
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#48
03-22-2006, 01:10 AM
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Re: AC: The Economics of Revolutions
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] Arbiters who accept bribes go out of business. Imagine if PriceWatersHouseCoopers was exposed by accepting bribes from Paradise to keep its "rigged cards" under wraps. Who would ever hire PWHC after that? [/ QUOTE ] Well, PWHC wouldn't be accepting bribes, Joe Blo in the claims department would be. After accepting bribes and resigning, he'd go on to lead a happy and healthy life and let PWHC deal with his mess. [/ QUOTE ] What makes Joe Blo immune from "prosecution"? [/ QUOTE ] What has Joe Blo done wrong other than make a poor business decision? As a result of it, he had to leave his job and will no longer be employed as a claims agent. Isn't that the free market in action? Haven't the services of Joe Blo Inc. lost their demand and, as such, hasn't he gone out of business, so to speak? [/ QUOTE ] Jo Blo defrauded the company, violated his employment contract, and caused damages. He is liable. Come on, this isn't that hard.
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#49
03-22-2006, 01:10 AM
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Re: AC: The Economics of Revolutions
The existence of insurance companies that don't want to go out of business. Strangely enough, people would not voluntarily patronize companies that tried to coerce them into behaving ways they don't want to. Shocking, isn't it?
Yeah, that's why the people who start pyramid schemes are always bankrupt. Oh, wait, that's because the state can seize their assets.
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#50
03-22-2006, 01:11 AM
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Re: AC: The Economics of Revolutions
[ QUOTE ]
[ QUOTE ] [ QUOTE ] What has Joe Blo done wrong other than make a poor business decision? As a result of it, he had to leave his job and will no longer be employed as a claims agent. Isn't that the free market in action? [/ QUOTE ] Gotcha. There's no law in the free market. Makes sense. [/ QUOTE ] Well, Joe Blo could certainly be forcively coerced into living in a prison, or moving to the Arctic Circle, or whatever, but isn't that the exact practice that ACers so ardently oppose in the government? [/ QUOTE ] Uninitiated should be the stuck in front of coercion. Responding to another's aggression is not uninitiated coercion. edit: because I can't type.
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