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The Forum > Article Comments > The invisible right hand and the invisible left hand > Comments

The invisible right hand and the invisible left hand : Comments

By Gilbert Holmes, published 1/9/2010

The simple logic of Adam Smith's 'invisible hand' has switched on the minds of generations of deep thinkers and economic policy makers.

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That is a furphy Sienna. We all know when we start employment that we pay tax to a common 'community fund' so that services like health, education etc are available to all and not only to those who own assets (making the assumption that one's labour is not normally seen as an asset by the true libertarians).

A woman's sexual services are not up for grabs by all and sundry and there is no expectation that we can just go around raping women at will. That is why civilised societies made laws and there is an evolved understanding about personal liberty.

If slavery were legal it would still be abhorrent - we have thankfully evolved out of that sort of society. It was a human condition that was seen for what it was, a denial of liberty and personal freedom.

Shared assets are about ensuring community services to the whole community than just for a few property owners. Taxes are not like those in the middle ages where the peasants were taxed by the wealthy landowners who lived off the sweat of the poor. Now the taxes go to provide services for everyone. It is not a perfect system in that we don't always agree on the carp that is sometimes spent using our hard earned dollars. And some of it is carp which is why only certain services should be paid for out of the public purse.

What you seem to be advocating is anarchy. I can't see that working any better than what we have now.

We already have in our social democratic system a type of Third Way t thinking, albeit the system is heavily geared to an unfettered free market at the moment.

There is a a big human survival aspect to shared assets which has proved more liberating than any solely self-interested model put forward by the anarchists and uber-libertarians.

For one person's liberty to come at a cost of another is a situation that we should avoid by well thought out checks and balances and this is afterall what we are talking about.
Posted by pelican, Sunday, 5 September 2010 12:08:46 PM
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Anarchies by definition is described as; “When the State does not have Control”. Ok well yes the State is still in the hot seat, but by definition in relation to reality , It has not had control of anything for a long time; But the treasury. So yes it is Anarchism of a sort.

I suggest that we will house all Homeless people by compulsory acquiring Leftist Socialist and Right wing Socialists assets, I cannot see them volunteering to relinquish or share their Loot; so the state will decree that all Socialists will be held to account and along with their Ideology; their espoused Utopia will be divided amongst the Homeless and others; that be the other needy who were destroyed in the race for the Misery Industries The State had created ;
And just watch how many Dom-pereion peeing proletariat and Bollinger belching Bolsheviks jump the fence in Revolutionary style protest , That be the nature of any Ideological based Stupidity. The real exploiters.
Posted by All-, Sunday, 5 September 2010 2:12:12 PM
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Hate to break it to you but the state already acqires the revenue from socialists. The ATO does not discriminate on grounds of ideology and both socialists and facists are equally taxed unless I have missed some new reform out of the Henry Review.

Not sure about Right Wing socialists - are they even possible?
Posted by pelican, Sunday, 5 September 2010 3:43:58 PM
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Pelican, you are only begging the question what should be decided by government, going round in circles like mikk.

What you seem to be suggesting is sexual anarchy - people should be free to do what they want so long as they are not using coercion against others?

And?

So?

What makes you think a big government department would do a better job of deciding?

Why shouldn't capitalist acts between consenting adults be legalised too?

And please don't lie about unfettered free markets. Give one example of a market that's not regulated by government. Unfettered big government, more like it, you liar.
Posted by Jardine K. Jardine, Sunday, 5 September 2010 6:18:52 PM
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Socialism was Originally Middle of the road Pelican, (Leftists) Historically Anti Monarch and anti Central State and Anti Imperialism, It was more about the rights of Individualism and Private property rights; maybe you are suppressed at this notion?
But a Historical fact none the less.
Marx stuffed up when he also lifted a French Academic paper written in the early 18 hundred, thus also included Businessmen in his hit list of hatred and on the Usurer and exploiter list causing massive contradictions and a Massive State control Autocracy; This is why there was not any investment of Capitol in Russia; so you can see why the whole system fell off the rails- So there was a radical shift to the Right. Lenin maintained their Lefties benchmark, Mussolini and the rest of the world maintained their position to the right.
Rightwing Socialism is Socialism with Central State control but with Private capital Investment, Collectivists also. Feudal Lords Imperialism , etc.
Do you realise why Germany was Awash with Capitol during WW2?
See if you can place this little statement;
Fascism is ; Private Prophets of Capitol are personal, and Private Losses of Capitol are Public, Ok; Sound familiar; State Monopoly Controlled capitol Mercantilism at Two levels; Central State and State Privileged, Not Capitalism and real business which is individual;
And did anyone mention State Monopoly Counterfeit?
And so Pelican that is what is governing the Western World now, and if it is not defeated, it will be a long haul back to civility once more.
So Technically, We are Industrial Revolutionary Leftists,(Libiterian) Juxtaposed to Libiralism , without the false Theory. Some nasty Ignoramuses call us Right wing- and that is a total fallacy.
Posted by All-, Sunday, 5 September 2010 6:19:51 PM
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All-
I am not advocating for a Marxist society you are the one going on about socialism I am talking about a mixture of ideas that best suit the needs of the communities and that requires IMO a combination of private and publicly owned assets.

Jardine K Jardine
When you start calling people a liar you only diminish your own viewpoint.

I am not advocating for unfettered governments either I am just not a fanatic of any variety including those in your camp that believe the private sector is the paragon of altruism and all will go well without any government involvement. If you have ever read any of my posts on OLO I have always maintained that governments are also imperfect which is why there should not be checks and balances to offset potential government corruption. Often government and corporate corruption are intertwined (think Iraq and those who profit from war).

However your anarchy version of utopia is highly flawed in my opinion but that does not make you a liar merely misinformed.
Posted by pelican, Sunday, 5 September 2010 6:38:55 PM
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