The purpose of government is to protect the individual’s right to life, by banning the initiation of physical force.
What is the purpose of government under capitalism?
Under capitalism the government is banned from initiating force.
What are the functions of government?
A proper government consists of a military, a police force, and a court system.
What is the difference between economic power 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.
Does laissez-faire mean anarchy?
Laissez-faire capitalism does not mean anarchy.
How is government financed under capitalism?
In today’s mixed economies, the removal of taxation would be the last step to implement in the transition to a 100% capitalist society.
What is the “public interest”?
“The public interest, c’est moi!”
What is 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.