Government
The purpose of government is to protect the individual’s right to life, by banning the initiation of physical force.
Government
Under capitalism, a government is an agency with a monopoly on the use of physical force used to protect individual rights.Government Use of Force
Under capitalism the government is banned from initiating force.
Functions of Government
A proper government consists of a military, a police force, and a court system.
Economic and Political Power
Economic power is the positive power to create and trade values; political power is the negative power to expropriate and destroy them.
Role of Government
Under capitalism, the government’s job is to protect individual rights as a referee, not to regulate their affairs as a dictator.
Taxation
In today’s mixed economies, the removal of taxation would be the last step to implement in the transition to a 100% capitalist society.
“Public Interest”
“The public interest, c’est moi!”
Lobbying and Cronyism
Under laissez-faire capitalism, there would be no buying of political favors from politicians because politicians would not have any favors to offer.