How Basic Economics Debunks Marxism

by | Mar 12, 2021

… coercion benefits one party only at the expense of others. Coerced exchange is a system of exploitation of man by man, in contrast to the free market, which is a system of cooperative exchanges in the exploitation of nature alone. … coercion leads only to further problems: it is inefficient and chaotic, it cripples production, and it leads to cumulative and unforeseen difficulties. Seemingly orderly, coercion is not only exploitative; it is also profoundly disorderly…. coercion and government intervention lead inexorably to hegemony, conflict, exploitation of man by man, inefficiency, poverty, and chaos.

 

Murray N. Rothbard

Man, Economy, and State with Power and Market, p. 1025

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Keith Knight is Managing Editor at the Libertarian Institute and host of the Don't Tread on Anyone podcast.

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