Casper

I noticed you didn't introduce yourself so I thought I'd do a formal welcome for you here.

I have already noticed that you appear to espouse authoritarian socialist view, which is at great odds to where my views tend to stem from within the political spectrum, but nevertheless I’m sure we’ll enjoy our vigorous debates!

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Reiver

That isn't quite accurate. I'm a market socialist. Indeed, I follow a variety that has soundly defeated the Hayekian arguments inspired by the socialist calculation debate. Thus, nowadays an Austrian economist can be socialist. A most vibrant political economy no less!

And hello back. Agreement is never necessary. I'm only looking for conflict to fine-tune my understanding

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Casper

Wow, well after reading some more of your viewpoints, I’ve come to the conclusion that you are one hardcore Marxist.

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Reiver

Wrong again! Whilst its not possible to understand capitalism without reference to Marxism, any two bob Marxist would be able to inform you of my non-Marxist nature. My market socialist stance, for example, is consistent with the Austrian school of economics. Indeed, its imperative that one's stance is based on answering Hayek's knowledge concepts and their consequences for economic planning.

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Casper

How is your stance on the minimum wage consistent with the Austrian school of economics?

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Reiver

My stance on the minimum wage isn't based on socialism or Austrian theory. Its simple application of neoclassical theory. Monopsony is the norm in capitalism and its not reasonable to suggest otherwise. It isn't surprising that its hard to find developed economies that do not employ wage protection measures

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Casper

That’s because there are too many commies imposing their will onto others.

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Reiver

There wouldn't be a need for a minimum wage in communism. But let's stick to our reality. We're a developed nation that, according to orthodox economics, benefits from minimum wage protection. Its actually a pro-capitalist argument (given monopsony effects lead to both wage and employment gains)

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Casper

I’d prefer to describe myself as a Libertarian rather than a Capitalist even though sometimes it may sound like they are synonymous. For example, a capitalist may argue that Heathrow Airport should be allowed to trash a village in order to make way for the Third Runway (which is what is effectively going to happen as facilitated by the nasty Labour government with the issuing of compulsory purchase orders of land). However, as a Libertarian I believe this is a violation of the property rights of the villagers under threat from Heathrow Airport and the government.

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Casper

Hey Reiver, I'm off to bed now. I've quickly noticed your incredibly rapid responses on this forum so I hope you don't continue hanging around waiting for a reply so soon!

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