Raise the Hammer

LL, your response is confusing to me. Your words...

"The importance of accumulating assets varies from individual to individual." >> Okay, I can accept this. You go on to say...


"Since a level of capital accumulation dictates power in the labour market, labour markets are not free and voluntary associations." >> What? You just told us that the desire for wealth accumulation is not uniform, but now you are saying that this is bad. So in effect, yo are saying that nature is wrong and people must be forced to either accumulate assets whether they want to or not, or dispose of assets, whether they want to or not.

As to your argument that workers are not free, simply because they don't control large amounts of capital, this is untrue. All workers in the western world are free to pick whatever job they want, so long as they can perform up to the requirements as set out by the employer who pays the salary. How is this not freedom?

In fact, if the workers at Ford want to start an auto company today, they can pool their savings and do just that. They can raise capital in the markets and if they have a good idea, they will be the ones in the position of power. No one is stopping them. Just look at Google, it was started with a good idea, zero capital of their own and yet it has produced a valuable product for the world and has made the founders rich. What is wrong with that? Are you any less rich simply because Larry Page has created real value to the world? No, you are not. The world is not a zero sum game.

Furthermore, you still haven't addressed the impact that abolishing private property has on those people that do use it as motivation to work hard and innovate. Aren't you concerned about sacrificing good ideas in the name of uniformity? What about the issue of choice? In your world outlook, how do you deal with people that do accumulate large amounts of wealth? Do you simply take what others have voluntarily given to them?

In conclusion, you argument in favour of abolishing private property is confusing at best. If it makes sense to you, that's great, but I think you should work on it a bit more before you present it to the public again. Good luck.