Debunking “Anarcho”-Communism. Patrick Smith and Keith Knight

by | Sep 16, 2020

Böhm-Bawerk’s devastating refutation of the … Marxian system remains defi nitive. It swept the boards in professional economics, and has remained dominant ever since, successfully inoculating economists, at least, against the Marxian virus, and certainly against the labor theory of value. …


Böhm-Bawerk, in sum, posed the grave inner contradiction of Marxian theory plainly and starkly: Marx claimed that goods exchanged on the market in proportion to the quantities of labor embodied in them (i.e., that their values are determined by the quantity of labor-hours needed to produce them), and yet also conceded that the rates of profit on all goods tended to be equal. And yet, if the first clause is true, the rates of profit would be systematically lower in proportion to the intensity of capital investment, and higher in proportion to their labor-intensiveness of production.


Murray N. Rothbard
Classical Economics, p. 414

0:00 – Larken Rose Quote

1:22 – Defining Anarcho-Capitalism

4:31 – Cancer contract analogy & positive rights

The Most Dangerous Superstition by Larken Rose, full audiobook and each chapter individually read aloud:

13:02 – Employers are not slave owners

19:49 – Are lazy people murderers?

23:29 – Just v. Unjust hierarchy

30:35 – Labor theory of value

38:49 – Why Wages Rise by Ludwig von Mises

41:10 – Why communists cannot be anarchists

42:55 – How will entrepreneurs be treated under communism?

46:15 – Corporations v. the state

49:05 – My commune experience & worker cooperatives

59:25 – Institutions v. results aka constrained v. unconstrained vision

1:03:30 – UBI and M4A – secondary effects




Keith Knight

Keith Knight

Keith Knight is Managing Editor at the Libertarian Institute, host of the Don't Tread on Anyone podcast and editor of The Voluntaryist Handbook: A Collection of Essays, Excerpts, and Quotes.

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