A couple months ago, I wrote this post about Sheldon Richman’s discussion of not using the word ‘capitalism’ to describe ‘free markets’ because ‘capitalism’ now tends to connote business-state collusions. I think that a good phrase for what we’re talking about might be ‘voluntary exchange’ (that describes freedom from aggression and coercion), but, in those aforementioned discussions, particularly on this Mises Blog post, it seems that some people might want to have an ‘ism’ to replace ‘capitalism,’ or just keep the word ‘capitalism.’
I rather like the phrase ‘market liberalism.”Market’ refers to the economics and ‘liberalism’ refers to ‘freedom from state aggression, coercion and intrusion into individuals’ private personal and economic lives.’ At least, that’s how I define that. Unfortunately, the word ‘liberalism’ has been perverted by the perverts of the left to mean ‘freedom to aggress against one’s neighbors, having a right to the wealth and property of others,’ etc. (i.e. meaning ‘socialism,’ ‘fascism,’ communism, statism, etc.), and such inaccurate misuses continue by people in media and the general population. I have addressed my opposition to that misuse of the words ‘liberalism’ and ‘liberal’ in the past. The use of those words has been in the context of the very opposite of what they really mean. In a free society, goods and services are produced and delivered via voluntary exchange and voluntary contract, and are free of the force, coercion and intrusion of the State. That’s the essence of ‘liberalism.’
There are reasons why market liberalism has morality on its side while the State’s intrusive controls of socialism and Obommunism do not. One of the most important reasons is that market liberalism respects the rights of the individual to one’s own life, liberty and property, including the right to voluntary association and contract. The Declaration of Independence is clear about those rights as being natural, inalienable rights. In fact, in my opinion, and in the opinion of Ronald Cherry who had an article in yesterday’s American Thinker online, the Declaration of Independence should have the status of being the document upon which the laws of our society should be based, and not the U.S. Constitution. As Dr. Cherry noted,
…In order to save the fruit of the American Revolution, the Declaration of Independence must be recognized and enforced as law. Amending our Constitution will also be necessary — for example, limiting federal taxation and requiring federal spending not to exceed federal revenue. It appears that neither of these changes is likely to emanate from the federal government any time soon. However, “We the People” do not need the federal government to define our sacred human rights or their associated moral laws. According to the Declaration, those truths and laws are self-evident….
…..All American laws which are destructive to an individual’s sacred, equal rights to life, liberty, and private property are un-Declarational and must be nullified — if not by Congress or the Supreme Court, then by states and local government. The concept of “Declarational” law must find its way into the American mind and into all levels of American government…..
It is a moral society in which those natural, inalienable individual rights to life and liberty are not to be violated by agents of the State or by one’s neighbors, and it is an immoral society in which those natural rights are violated by the State and by one’s neighbors. Democracy has given us the latter. Through democracy, the laws of society are no longer natural, absolute laws, but are man-made, and crimes against one’s fellow human beings such as theft and trespass are institutionalized through those man-made laws, through all the agencies, bureaucracies, and armed police forces of the State. And the U.S. Constitution has created the pathway, via the implicit overturning of the Declaration of Independence and via democracy, to the oppression, militarism and self-destruction of what used to be a culture of diversity, and the State’s institutionalized enslavement of the individual.
We need to repeal the socialism and fascism that the Constitution has wrought, and restore The Declaration of Independence as America’s foundation of ‘law of the land’ to protect individual liberty, individual sovereignty and natural rights of voluntary exchange, association and contract.
Because if we don’t do that, here is an example of what we will have to deal with, in the context of the ObamaCare Third World Medical Fascism that we will be forced with: