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: https://www.youtube.com/playlist?list=PLLnZMpC0fqV6u0NI3wsi6EHQP71bv8AmV
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