'Anarcho'-Capitalists How Would You Stop Get Rich Quick Schemes?
Posted in the Top Stories Forum
#1 Sep 22, 2009
Consider this possibility:
What if company A sells Jello with this red dye and this red dye is made from a chemical that is a carcinogen? There is no FDA because its pure laissez capitalism(which you like to call 'anarcho'-capitalism). The chemical doesn't cause any problems immediately noticed so people use it for about 15 years before it starts coming out that the Dye is a Carcinogen. Then they start dying. Some people get together and try to sue, but the company pays the private justice company's judge under the table that they agree to rule "not guilty". The lawsuit fails.
Maybe over time people will realize what happened but by then many people have died, and the people who ran the company can still walk away rich. When it becomes unprofitable they just retire and move to Florida.
Or they could even start up a new business under a different name and fool people again.
How would you stop this in pure laissez-faire capitalism?
#2 Oct 3, 2009
There's no government-run FDA, but there could definitely be a private board (perhaps more like the American Dental Association; notice their stamp isn't on everything) that approves and denies food additives. However, because their existence isn't contingent upon use of coercive force, they have to do a good job because they are held accountable.
But let's say this organization didn't exist. Well, the rest of your situation happens with the FDA all the time anyway. There was the saccharine scare, Vioxx, Baycol, Crestor... None of those should have been allowed on the market, but they were (and are). And the government runs it.
Oh, and deals under the table in courtrooms... Hmmm... Sounds familiar. ;-)
The big thing here is that the state is not infallible. They fall victim to the same (if not worse) sins that private firms fall to. The question is whether you'd rather have people handle your problems who are held accountable, or will always keep their jobs because their agency is implemented by coercive force.
#3 Oct 4, 2009
More to the point how would you stop people from doing this from just walking away rich. The rich people will only allow a lawsuit to be tried in a court they know will be friendly to them, and will hire the best defense attorneys. Even if they were found guilty the judge would probably have them pay a token amount and they'd still be filthy rich from their business.
Instead of retiring they could even go do it again. They could just change their names and nobody looking for information on their business would bother checking to see if the people running it used to have different names. They could sell another product they're secretly aware will hurt people and get away with it again.
Klaksvík, Faroe Islands
#4 Apr 6, 2014
You can never make sure there will be no crime neither in Anarcho capitalism - but the least thing we could do is to stop letting tax money go to armies that kill mio's of innocent people.
There will always be criminality.
But there could be private ways to take care of that.
Boycotting is a powerfull tool, if people stop trading with peope that act like swines that would ruin them.
Klaksvík, Faroe Islands
#5 Apr 6, 2014
For an anarcho capitalist to explain every and all details about how a future free society will look is pretty oxy moronic.
freedom and anarcho capitalism means without rulers, it will mean that there would be 7 bio people who suddently all could solve problems in diffrent ways, there will be NO WAY to predict the outcome.
Compared to what we have today where politicians own large sums of all of the money in society and they will have monopolies to introduce their hijacking of diffrent areas of society. politicians are a minority of the people inflicting their ideas on the majority.
Otherwise in a free society: Everyone finding sollutions and being completly decentralized society of many diffrent solltions everywhere, and no rulers.
As long as people will realize that using force is wrong and theft is wrong then it will be a huge improvement - and rule out government.
If you are the only one supporting health care for citizents in your village, then you will jack the prize up, but then people will be pissed of and/or people will see the high prices you charge - then they will see great possibilities to earn money - They will lower the prize a little bit to get more customers - then more and more would do it - until the market was saturated, then the prize would be so low that it woudn't pay of to get more companies supplying this service.
This is supply and demand - IT's extremly logical and healty function.
When there will occationaly come some criminals offcourse self defense will be natural - or/and appointing some companies to stop theft, violence, rape and fraud.
Anarcho captialism is an movement for freedom, against the states. Anarcho capitalist do not want to control or organize society, because that is what identifies tyrrants, and politicians.
Regardless of how nobel your intentions are for joining politics and to "oganize" society it will always lead to a fallacy and it will always result in punishment to people who won't play along with your ideas.
And politics and organizing society will always result in taxes forced from people.
Thats why Anarcho Capitalism or voluntarism is the only moral, logic and healty sollution to society.
Klaksvík, Faroe Islands
#6 Apr 6, 2014
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