The Forum > Article Comments > Economic philosophy fails Australian agriculture > Comments
Economic philosophy fails Australian agriculture : Comments
By Ben Rees, published 25/11/2013Classical economics' Says Law incorrectly conflates productivity and profitability, creating problems for Australian farmers.
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The irony is that you guys are arguing for intervention by an actual monopoly based on force, to pre-empt mere possibility of monopolies based on consent.
Any attempt to “deliver profits” to Australian farmers by means of policy amounts only to making everyone else worse off by a straight-out forced wealth distributions, and none of you has attempted to deny this.
So it’s not clear what policy action you guys are calling for. Correct me if I’m wrong, but “We! Want! Handouts! We! Want! Handouts!” seems to be all your argument about pragmatics amounts to.
Well I think we can all agree that it’s pragmatic to the beneficiary of the stolen loot! The question is whether agricultural policy should be doing that! Of course, if it should, then why not above-market privileges and handouts for the rest of the population too – paid for out of magic pudding presumably?
But this is not pragmatic: it’s a policy of destruction of wealth. If carried to its logical conclusion it would literally spell the end of human society, which is why full communism caused the death of millions and complete social collapse whenever it was attempted.
You are in a double bind about the level playing field. On the one hand you declare that it’s an absurd concept that can never occur in reality. On the other, your critique is nothing but that government should be attempting to level the playing field - by coercive interventions.
Sorry to be so blunt in telling you this, but the reason you can’t answer my 4 questions, which disprove your argument, is because the theory you are using is illogical and self-contradictory.
Both neo-classical and Keynesian theories are demonstrably wrong for the reasons I have shown. Austrian-school theory isn’t, and I respectfully recommend it to your readership:
“Human Action” by Mises
http://mises.org/Books/humanaction.pdf
“Man, Economy and State” by Rothbard:
http://mises.org/Books/mespm.PDF