individualism for the masses

BK Marcus is an amateur political economist with no formal education in the subject.

He works from Charlottesville, Virginia, as an editorial consultant for the Ludwig von Mises Institute.

He is no longer a house husband, nor a faculty spouse, but he is still a dilettante, and a layabout, at least in spirit.

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"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."

Murray Rothbard

Ludwig von Mises: "It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights." - The Theory of Money and Credit

The standard government reply to charges of inefficiency or shortage is to blame the public: "Taxpayers won't give us more money!"

Murray N. Rothbard,
Government in Business


Benjamin Tucker Marcus
April 10, 2008

Iron Man vs Merchants of Death

May 5th, 2008 by bkmarcus

Jeffrey Tucker writes:

The phrase "Merchants of Death" takes center stage in the movie Iron Man, which is a spectacular exposé of a subject that dominates the American economic landscape but about which Americans have very little knowledge. The phrase and the movie deal with the odd juxtaposition of capitalism and war as found in the weapons industry. Here we have innovations and efficiency of the type we associate with the private commercial sector but serving ends that are the very opposite of capitalism. The industry serves war, not peace, depends on coercion, not human volition, and profits from destruction, not creation.…

The existence of such an industry scandalized Americans in the interwar period, and there was one treatise that led the way in helping to foment the outrage. In fact, it was a bestselling book in 1934 with the title Merchants of Death. This book is not a typical left-wing style attacks on commerce as the essence of war. In fact, it argues the opposite:

"The arms industry did not create the war system.
On the contrary, the war system created the arms industry."

FULL ARTICLE

Posted in history, LvMI, war |

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