Stephan Kinsella
65p137 comments posted · 2 followers · following 0
7 years ago @ The Humble Libertarian - Closet Libertarians in... · 0 replies · +1 points
9 years ago @ Center for a Stateless... - "Intellectual Property... · 0 replies · +3 points
Patents Kill: Millions Die in Africa After Big Pharma Blocks Imports of Generic AIDS Drugs http://c4sif.org/2013/01/patents-kill-millions-di...
Update: Patents Kill: Compulsory Licenses and Genzyme’s Life Saving Drug http://c4sif.org/2011/01/update-patents-kill-comp...
My recent post Conversation with a Student about Australian Copyright Reform, Piracy, and Innovation and Creation in a Copyright-Free World
9 years ago @ Center for a Stateless... - The New Oligarchs · 5 replies · +5 points
Cathy, a stock, sometimes called a share, is a contractual right of a person (a shareholder or stock holder) among other people (other shareholders, managers, directors) related to the control of certain scarce resources owned by "the corporation" in which the shareholder owns shares in. The rights are fairly narrow and specific: a shareholder usually has the right (a) to participate in votes for nominees for members of the board of directors at annual or special meetings, (b) to receive a pro-rata distribution of dividends *if* and *when* the managers/board members decide to distribute some of the corporate profits as dividendss (but not a general right to receive dividends; the managers can decide to retain and roll over earnings to build up a war chest); (c) the right to sell the share to someone else; (d) the right to receive a pro-rata share of net assets of the corporation upon its dissolution, winding up, or a liquidation event. In other words the shareholder has the right to influence the board members, and to receive profits down the line, somehow. That's about it.
" Getting rich in America requires two things the poor don’t have: financial literacy and surplus wages."
Surplus wages? Not sure what this is, unless this is meant to revert to disproven, outmoded Marxian theory. And many poor people become rich.
"Owning land isn’t hard. It doesn’t help anyone else, in and of itself."
Not sure how you know this. I can think of ways in which owning land "in and of itself" does help others.
" Building a ship is hard. Sailing to another continent without satellite navigation is hard. Building a factory is hard. These are all activities, and they help the doer by helping other people."
Owning land helps others too, in any number of ways.
"Perhaps in theory thriving financial markets produce wealth across the board. But not ours."
I am not sure how you know this to be true. Sounds like an assertion to me.
9 years ago @ Center for a Stateless... - Questioning Murray Rot... · 0 replies · +1 points
10 years ago @ Center for a Stateless... - With "Socialists" Like... · 0 replies · +1 points
10 years ago @ Ludwig von Mises Insti... - Scarcity, Monopoly, an... · 0 replies · +4 points
And in fact I think the TTTC would permit such a contract. But this is usually a bilateral contract; it's hard to imagine a community-wide one. Much less one that persisted over time and binds future generations. But such contracts would not bind third parties, which is the key. Further, they are extremely infeasible and unlikely, for a variety of practical and commercial reasons. As one example: why would I pay $20 for a new novel, if I have to promise to pay $1M in damages if I am accused of copying it? Why would I incur such possible huge liability for a simple object--when I can just go pirate it, or move on to a more reasonable author/publisher? And if the damages fine is small, then it won't deter copying. You would have a class of "pirates" who are getting books for free, with a dwindling group of paying customers who are saddled with huge liability -- being punished by the seller for offering to be a paying customer. The whole idea is ludicrous.
10 years ago @ Ludwig von Mises Insti... - Scarcity, Monopoly, an... · 2 replies · +9 points
10 years ago @ Ludwig von Mises Insti... - Scarcity, Monopoly, an... · 0 replies · +6 points
11 years ago @ Ludwig von Mises Insti... - Intellectual Property ... · 1 reply · +7 points
11 years ago @ Ludwig von Mises Insti... - Intellectual Property ... · 3 replies · +9 points
It is not frustrating at all. Your failed business model is not my problem. Etc. No one "deserves" a revenue or profit.