Re: Libertarian cartoons

On Apr 8, 10:57 am, "D.F. Manno" <dfma...@xxxxxxxx> wrote:

Even Coase disagrees with you. In "The Problem of Social Cost" (1960),
he wrote:

In earlier sections, when dealing with the problem of the
rearrangement of legal rights through the market, it was argued
that such a rearrangement would be made through the market
whenever this would lead to an increase in the value of
production. But this assumed costless market transactions.

Well, the idea that legal rights can be "rearranged", and that the
reason to rearrange legal rights would be to increase the value of
production, shows what _he_ is.

Never mind that he was previously proposing to use the market for
doing the rearranging, and then he switched to some non-market
mechanism. This sort of notion is not Libertarian even if the market
does it.

No - he is a dirty stinking Utilitarian, if he thinks that rights
should be rearranged in whichever way results in more stuff being
produced.

Rights are simply immutable givens that belong to people because
they're people; governments are simply tools to protect those rights,
not to violate them, not to create or destroy rights. One doesn't
legislate what rights people have - one discovers what rights people
have by thinking. It's as absurd to think one can create or destroy a
right by legislating as to think one could change the value of pi by
legislating.

John Savard
.

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