Let's leave aside for the moment the philosophical right people have to
ensure their own survival and welfare, along with that of their
families, friends, community, and so on in ever-widening circles.
It is this: an economic society that presumes only self-interest relies
on a reliable human characteristic. Though its presence is common among
members of any society, it isn't a necessary feature, which means its
absence doesn't break the system. By contrast, an economic society that
presumes altruism relies on a human characteristic that (though you may
consider it noble), cannot be relied on in everyone. Worse, the system
breaks if altruism is absent even in a few members of that society.
Therefore, a system based on self-interest not only works, but requires
little force beyond protecting life and property rights. Contrariwise, a
system based on altruism requires ever-increasing levels of coercion,
since anyone who doesn't display enough altruism has to be forced to
comply in order to satisfy the needs of the economic system.
Denounce self-interest all you like. It essential for your own survival
and therefore constitutes a natural right. More pragmatically, whether
or not you consider it noble does not affect the fact that a system that
relies on self-interest works without coercion.
--
Ivo Vegter | 084-210-2003 | @ivovegter
However, I think I would like to narrow down what I said as I do not
think the refutations from Garth, Leon or Colin quite address the nub
of what I say having rather taken umbrage at seeing themselves being
characterised as morally lacking, which indeed is not my assertion at
all.
> Regarding Zimbabwe war vets as following libertarian principles is
> bizarre. How is forcably expelling people from their property,
> violating civil liberties or running roughshod over anyone who gets in
> your way, libertarian? It appears that your picture of libertarianism
> contains many decidedly non-libertarian elements to say the least.
This is a common error in critiques of capitalism in general.
The first examples of capitalism's supposed failures many people come up
with are the abuses of highly regulated industries, or state-protected
monopolies or cartels. That's if they don't go straight for the outright
thieves and frauds.
Enron? Fraud and theft are crimes among capitalists. Telkom? Nope, no
free market there. Banks? Our mobile trio? Our casinos? All are highly
regulated cartels that need fear no new competition have no reason to
charge you less instead of cheaply competing on marketing. Bernie
Madoff? Barry Tannenbaum? Sorry, but violating private property rights
isn't a capitalist thing to do, much less a libertarian principle.
Once you've spent half an hour pointing all this out, they go for the
bankruptcies. This or that capitalist failed, and lost all his money
(and thousands of jobs). That's true, but that's the market working as
intended, weeding out the inefficient producers, or the producers of
things people don't want or need, in favour of efficient producers of
goods and services people do want or need. (A mechanism, incidentally,
that cannot work when government supplies the goods and services, or
grants a monopoly to do so.)
Once you've spent another half an hour explaining that, the examples of
capitalism's supposed failures turn out to be thin on the ground.