In a stateless competitive capitalism, there would be no corporations, but there would be no barrier to vast accumulation of private power, perhaps ultimately realizing anarchocapitalist hero James Buchanan’s utopia in which everyone is his slave.
But it’s all irrelevant, because such as system would self-destruct, if only because of externalities.
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Chapman:
I'm sure there is a credible opponent to Dr. Friedman's work. I just have not found him/ her yet. I saw that you were invited to appear on Dr. Friedman's PBS Special, "Free to Choose," but you declined. I'm curious why?
As I'm sure you would agree, there is always an "accumulation of private power," some more private than others. Under your anarcho-syndicalism, that power is private (in the back room of the union hall). And so I suggest property rights inherent to my system provide superior protections to the individual.
Gene
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