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View Diary: Humanism Vs. Objectivism (112 comments)

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  •  Excellent, excellent post! (0+ / 0-)

    Truly.  This demolishes the notion that:

    The ideal political-economic system is laissez-faire capitalism. It is a system where men deal with one another, not as victims and executioners, nor as masters and slaves, but as traders, by free, voluntary exchange to mutual benefit. It is a system where no man may obtain any values from others by resorting to physical force, and no man may initiate the use of physical force against others. The government acts only as a policeman that protects man’s rights; it uses physical force only in retaliation and only against those who initiate its use, such as criminals or foreign invaders. In a system of full capitalism, there should be (but, historically, has not yet been) a complete separation of state and economics, in the same way and for the same reasons as the separation of state and church.

    a.  someone borrows money to buy a house; and

    b.  the lender takes a secured interest in the house (a/k/a a mortgage lien); and

    c.  the borrower defaults on the loan; and

    d.  the lender forecloses; and

    e.  the home is sold at public auction, and

    f.  the original borrower simply stays put in the house,

    then what is to be done, and who is to do what?

    No possibility of eviction, backed up by physical force (the sheriff)?

    If the Law of Torts is to take the place of the Criminal Law, how does one collect on a judgment if the defendant/tortfeasor simply declines to write a check to cover the liability imposed upon him by the court?

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