The purpose of government is to protect the individual’s right to life, by banning the initiation of physical force.
Government
Government and The Use of Force Under Capitalism
Under capitalism the government is banned from initiating force.
Functions of Government Under Capitalism
A proper government consists of a military, a police force, and a court system.
Economic Power vs Political Power
Economic power is the positive power to create and trade values; political power is the negative power to expropriate and destroy them.
Government and the Free-Market
Under capitalism, the government’s job is to protect individual rights as a referee, not to regulate their affairs as a dictator.
Government and 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 vs. Individual Rights
“The public interest, c’est moi!”
Lobbying, Political Favors 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.
Capitalism FAQ
Intellectually “chew” the ideas brought up in the tour by exploring the Capitalism FAQ (Frequently Asked Questions).