Markets & Distributive Justice

As a reminder, markets are an instrument of human agency, not justice. The latter is the raison d’etre of “the law.” If there is no law or if the law is corrupt(i.e, an instrument of plunder), then the only thing markets will assuredly deliver is “social control.”

If the libertarian axiom is correct, that is to say, if the insight “the State is but the organization of plunder” is indeed accurate, then it is probably an easy conclusion to figure out that intellectual endeavors like “market social justice” are a bad idea. Of course, there are many libertarians who deny the axiom. But it is a bit more difficult to deny the result. That you can only whitewash….

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