Difference between revisions of "The Machinery of Freedom/animated lecture"

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==Claims==
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==Index==
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* The term "liberalism" was stolen by the enemies of liberalism; modern libertarians are the true liberals. ([[/transcription#1|¶1]])
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* [https://www.youtube.com/watch?v=jTYkdEU_B4o The Machinery Of Freedom: Illustrated summary]: the video
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* Libertarianism (formerly called liberalism) is the philosophy that supports [[small government]] and [[free market]]s. ([[/transcription#1|¶1]])
 
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* Libertarianism holds that the function of government is to do a few things that can't be done by individuals associating voluntarily in private markets: ([[/transcription#2|¶2]])
 
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** police
 
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** courts
 
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** national defense
 
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* [[Anti-governmentism/private is better|Where the same thing can be done either by government or privately, private is usually better.]] ([[/transcription#3|¶3]] [[/transcription#16|¶16]] [[/transcription#21|¶23]] [[/transcription#30|¶30]])
 
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** objection: This ignores the fact that there are some things government does better and private organizations do worse. While it may be that the REA/AA scheme will in fact do better than government, we can't assume that this will be so just because "private is better".
 
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*** response: For the most part, Friedman does support his conclusions with reasoning.
 
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**** objection: It just needs to be understood that this reasoning is necessary. We can't just ''assume'' that the private organizations will do better than government because they are private organizations.
 
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* (Main argument) The basic functions of government can be handled privately:
 
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** '''police''' (enforcing laws)
 
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*** individuals hire private firms (rights enforcement agencies - REAs) to protect their rights and settle their disputes with other individual
 
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**** objection (DF[[/transcription#6|¶6]]): conflict between REAs
 
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***** objection detail (DF[[/transcription#7|¶7]]): REAs will use violence to settle their disputes
 
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******* response (DF[[/transcription#8|¶8]]): violence is expensive -- REAs are not likely to use it to settle conflicts because in the long term it's a losing proposition with uneven results
 
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******** objection (W): What if an REA is unreasonable?
 
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***** response (DF[[/transcription#9|¶9]]): REAs will hire arbitration agencies (AAs) to settle their disputes with other REAs
 
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** '''courts''' (making laws) - handled by arbitration agencies (AAs)
 
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*** objection (DF[[/transcription#11|¶11]]): who will enforce the use of AAs and adherence to their decisions?
 
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**** response: the [[discipline of constant dealings]]
 
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***** objection (W): ...which requires a highly stable, non-transient society
 
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*** objection (DF[[/transcription#17|¶17]],W): What if two REAs can't agree on an arbiter? (e.g. what if one REA's customers prefer a death penalty, while another REA's customers are opposed?)
 
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**** response (DF[[/transcription#18|¶18]]): an argument that has something to do with raising prices in response to demand and/or buying the acquiescence of the other and/or its customers. This doesn't really answer the question.
 
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** <s>national defense</s> (not covered)
 
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* It's okay for different sets of people/entities to operate under different sets of rules, because:
 
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** any rules applicable to any given interaction can be worked out and agreed to non-coercively via this method
 
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** rules will be more closely tailored to the needs of the people ruled by them ([[/transcription#20|&para;20]])
 
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* Rules created by private negotiation will be better than those produced by government because {{l/sub|private is better|anti-governmentism}}.
 
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* Private markets produce better products than socialist systems do -- "we expect markets to produce better cars than socialist systems".
 
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** Objection: it's not clear what definition of "socialism" he's using here.
 
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*** Europe (especially Sweden) is often called "socialist", but they produce pretty good cars.
 
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==Pages==
 
 
* [[/transcription]]: a complete transcription of the lecture in the video
 
* [[/transcription]]: a complete transcription of the lecture in the video
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==Links==
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* [[/claims]]: listing and analysis of the arguments made in the lecture
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* [https://www.youtube.com/watch?v=jTYkdEU_B4o The Machinery Of Freedom: Illustrated summary]: the video
 

Latest revision as of 18:09, 23 May 2015

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