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 Posted: Wed Jul 19th, 2006 03:33 pm
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Joe Kelley
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http://www.lewrockwell.com/chernikov/chernikov35.html

(Let us be careful here and quote Ludwig von Mises as saying that "Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow and whose ingenuity will make the life of coming generations more agreeable. They want the way left open to further economic improvements.")

 

Ludwig von Mises may be the bridge.

Here is the gap:

“It should be remembered by radicals that, if they wanted to, all workers could refuse to work for wages and instead form their own producers’ cooperatives and wait for years for their pay until the products are sold to the consumers; the fact that they do not do so, shows the enormous advantage of the capital investment, wage-paying system as a means of allowing workers to earn money far in advance of the sale of their products. Far from being exploitation of the workers, capital investment and the interest-profit system is an enormous boon to them and to all of society." (Egalitarianism As a Revolt Against Nature and other Essays
Murray Rothbard)

 

Mises:

"Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow and whose ingenuity will make the life of coming generations more agreeable. They want the way left open to further economic improvements."

Rothbard:

"Far from being exploitation of the workers, capital investment and the interest-profit system is an enormous boon to them and to all of society."

What exactly is "The Interest-Profit System"?

I've asked:

http://austrianforum.com/index.php?showtopic=364&st=0

Here are some of my answers:
Reading things like "Money is energy" indicates that your "gift" extends beyond MS-Paint, but honestly there's only so much of this a person can take without the assistance of narcotics. (Ryan)
 
Is there a Joe Kellyese/English dictionary on the market that could help me interpret your posts because I don't know WTF you are talking about and I doubt anyone else that reads these posts does either. If you want people to accept your ideas then you should start by translating your theory into any one of the numerous languages that human beings speak. (Anonymous)
Mises:

"They want the way left open to further economic improvements."

Rothbard:

"the interest-profit system is an enormous boon to them and to all of society."

What exactly is the "Interest-Profit System"?

Anyone?

More from Rothbard:

“It should be remembered by radicals that, if they wanted to, all workers could refuse to work for wages and instead form their own producers’ cooperatives and wait for years for their pay until the products are sold to the consumers; the fact that they do not do so, shows the enormous advantage of the capital investment, wage-paying system as a means of allowing workers to earn money far in advance of the sale of their products."

This:

The Capital Investment Wage Paying System

Is the Capital Investment Wage Paying Sytem the same thing as The Interest-Profit System?

What does this "System" do?

How about this:

"a means of allowing workers to earn money far in advance of the sale of their products"

Is the "System" a means of allowing workers to earn money far in advance of the sale of their products?

Back to Mises:

"Those fighting for free enterprise and free competition do not defend the interests of those rich today."

Rothbard:

"the interest-profit system is an enormous boon to them and to all of society."

Note the word: "them".

Who is "Them"?

Rothbard:

"all workers could refuse to work for wages and instead form their own producers’ cooperatives and wait for years for their pay until the products are sold to the consumers"

"Them" is "Workers".

"Them is also "Radicals".

Full quote again:

“It should be remembered by radicals that, if they wanted to, all workers could refuse to work for wages and instead form their own producers’ cooperatives and wait for years for their pay until the products are sold to the consumers; the fact that they do not do so, shows the enormous advantage of the capital investment, wage-paying system as a means of allowing workers to earn money far in advance of the sale of their products. Far from being exploitation of the workers, capital investment and the interest-profit system is an enormous boon to them and to all of society." (Egalitarianism As a Revolt Against Nature and other Essays
Murray Rothbard)


Who is not "Them"?

"Producers" is not "Them".

"Radicals and Workers" are "Them" and "Producers" are not "Them".

What do the "Producers" who are not "Workers" produce?

It is this:

"the interest-profit system"

and this:

"the capital investment, wage-paying system"

What does "The Interest-Profit Capital Investment Wage Paying System" do?

How about this:

"defend the interests of those rich today"

How?

My answer (in plain English):

False currency.

An example of false currency:

It should be remembered by radicals that, if they wanted to, all workers could refuse to work for wages and instead form their own producers’ cooperatives and wait for years for their pay until the products are sold to the consumers; the fact that they do not do so, shows the enormous advantage of the capital investment, wage-paying system as a means of allowing workers to earn money far in advance of the sale of their products.

Producers do, in fact, form their own producer's cooperatives and these people who do form their own producer's cooperatives produce stuff. How that stuff is traded is the business of the people trading and not the business of somebody's favorite System (enforced by law).

Mises expresses:

"fighting for free enterprise and free competition"


Rothbard demands:

"the fact that they do not do so"

Who is "They"?

They are "The Workers".

Here is an example of The Interest-Profit Capital Investment Wage Paying System:

“The construction of I.G. Auschwitz has assured I.G. a unique place in business history. By adopting the theory and practice of Nazi morality, it was able to depart from the conventional economics of slavery in which slaves are traditionally treated as capital equipment to be maintained and serviced for optimum use and depreciated over a normal life span. Instead, I.G. reduced slave labor to a consumable raw material, a human ore from which the mineral of life was systematically extracted. When no usable energy remained, the living dross was shipped to the gassing chambers and cremation furnaces of the extermination center at Birkenau, where the S.S. recycled it into the German war economy – gold teeth for the Reichsbank, hair for mattresses, and fat for soap. Even the moans of the doomed became a work incentive, exhorting the remaining inmates to greater effort.” 

How does the Nazi morality compare to the morality of The Interest-Profit Capital Investment Wage Paying System?

Same source above:

“Conditions were such that sickness was a pervasive fact of life among the inhabitants of Monowitz. The hospital wards built by I.G. were so inadequate that even the S.S. suggested additional wards be built. I.G. refused because of the cost.”  

Note: The Nazi Protective Squadron (SS) were companionate compared to the I.G. Farben Corporate Agents. In other words: A Dictatorship consisting of psychopathic leaders expressed greater moral compassion than promoters of The Interest-Profit Capital Investment Wage Paying System.

What is one to say?

"honestly there's only so much of this a person can take without the assistance of narcotics."

Toke up Ryan or whomever actually knows what is The Interest-Profit Capital Investment Wage Paying System.

Ask an honest question and what do you get?

What is The Interest-Profit Capital Investment Wage Paying System?

I'll continue reading the link posted at the start of this thread to see if an answer is hidden somewhere within that article.

You can toke up if you are at liberty to do so now.

 

 

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 Posted: Wed Jul 19th, 2006 03:53 pm
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Joe Kelley
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Against the Welfare State

by Dmitry Chernikov

Society, as Mises defines it, is "concerted action, cooperation." We cooperate with each other for mutual gain. Humans can pursue their goals only with the assistance of others, and libertarians argue that this assistance not only should be voluntary from the moral point of view but can only be voluntary in any sort of successful and progressing society.

 

As economically futile as it appears to be, for me, to try and get a straight answer for an honest question I'll continue to Beat the DEAD HORSE anyway.

A challenge will be sent to Dmitry Chernikov. I will simply send a link to this page. It costs too much to type letters that fall into the vacuum.

Like this:

"Any man who has once acclaimed violence as his METHOD must inexorably choose falsehood as his PRINCIPLE."

From here:

http://nobelprize.org/nobel_prizes/literature/laureates/1970/solzhenitsyn-lecture.html

Some words do get 'promoted' like this:

“every individual will attempt to secure his own requirements as completely as possible to the exclusion of others.” Carl Menger (1840 -1921)

 

Here is the Honest Question:

What is the cost of The Interest-Profit Capital Investment Wage Paying System?

My answer: However much it costs to hide the truth.

 

 

 

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