[ExI] Private and government R&D

[Stathis Papaioannou]

2009/7/26 Rafal Smigrodzki <rafal.smigrodzki at gmail.com>:

>> But the grander principle in a pure free enterprise system is that
>> those entities which do whatever it takes to prosper will... prosper,
>> at the expense of the less efficient.
>
> ### I am not sure what you mean by "pure free enterprise system". I
> have a feeling that whatever you mean by it, it is not what I am have
> been extolling in our discussions here.

I mean an economic system where participants are free from external
constraints. This means they could form monopolies and enslave people
by controlling essential resources, if they want to do it following a
"non-coercion" principle, or enslave them directly if they don't want
to bother with this. Introducing external controls to judge what is
and isn't fair, what is and isn't coercion, what is and isn't "free
enterprise", means introducing the machinery of government again.


-- 
Stathis Papaioannou