Doug Casey on the Morality of Money | The Market Oracle

… Louis: People say money makes the world go around, and they are right. Or as I tell my students, there are two basic ways to motivate and coordinate human behavior on a large scale: coercion and persuasion. Government is the human institution based on coercion. The market is the one based on persuasion. Individuals can sometimes persuade others to do things for love, charity, or other reasons, but to coordinate voluntary cooperation society-wide, you need the price system of a profit-driven market economy.

Doug Casey: And that’s why it doesn’t matter how smart or well-intended politicians may be. Political solutions are always detrimental to society over the long run, because they are based on coercion. If governments lacked the power to compel obedience, they would cease to be governments. No matter how liberal, there’s always a point at which it comes down to force – especially if anyone tries to opt out and live by their own rules.

Even if people try that in the most peaceful and harmonious way with regard to their neighbors, the state cannot allow separatists to secede. The moment the state grants that right, every different religious, political, social, or even artistic group might move to form its own enclave, and the state disintegrates. That’s wonderful – for everybody but the parasites who rely on the state (which is why secession movements always become violent).

I’m actually mystified at why most people not only just tolerate the state but seem to love it. They’re enthusiastic about it. Sometimes that makes me pessimistic about the future…

via Doug Casey on the Morality of Money :: The Market Oracle

The Pentagon Is Offering Free Military Hardware To Every Police Department In The US | Business Insider

“… We produce so much military equipment that inventories of military robots, M-16 assault rifles, helicopters, armored vehicles, and grenade launchers eventually start to pile up and it turns out a lot of these weapons are going straight to American police forces to be used against US citizens.

Benjamin Carlson at The Daily reports on a little known endeavor called the “1033 Program” that gave more than $500 million of military gear to U.S. police forces in 2011 alone.

1033 was passed by Congress in 1997 to help law-enforcement fight terrorism and drugs, but despite a 40-year low in violent crime, police are snapping up hardware like never before. While this year’s staggering take topped the charts, next year’s orders are up 400 percent over the same period.

This upswing coincides with an increasingly military-like style of law enforcement most recently seen in the Occupy Wall Street crackdowns….”

via The Pentagon Is Offering Free Military Hardware To Every Police Department In The US.