Spencer Heath Archive

Item 1816

Note pasted into Thomas Nixon Carver, Principles of Political Economy, page 404.

No date

 

Original is missing.

     Supply of commodities or any services can be controlled only by force and restraint. This must be either by unauthorized force or by authorized force which is governmental or political. Thus and thus only can monopolies be made and all production cut down in consequence. This is anti-social. The social technique is to give more and thereby get more without violence.

    Democratic exchange is social. Coercive restriction is anti-social. Free and voluntary exchange increases production. Restriction — force, violence, seizures, taxation, diminish production. Production is the source of all income — wages, interest, rents, profits etc.

 

 

/Might be edited as: Free and voluntary exchange is social. It increases production. Coercive restriction—force, violence, seizures, taxation—is anti-social; it diminishes production. Production is the source of all income — wages, interest, rents, profits etc./