Rational and Irrational Discrimination in a Free Society

August 11, 2013
1Voluntaryism

It is a self-evident fact that every individual shows preferences about others and accordingly, they discriminate between them. Thus, as a general rule, individuals do not consider that all men are equal in all respect nor it is possible to convince oneself to believe that all men are equal. We cannot love everyone equally as it is not possible. One may admire a person for a specific reason, a quality that person possesses or he may ignore another person because of another bad quality of that person. Thus, discrimination is natural and genuine and one can discriminate on the basis of their preferences. Preferences are certainly an issue of subjective viewpoint yet, some preferences are rational while some other preferences are irrational as they hold no logical basis. As for example, discriminating persons based on a set of preferences such as their skills, qualifications, attitude, behaviour, creativity, etc., is considered as a genuine and reasonable or rational discrimination; on the other hand, discriminating people based on their sex, caste, creed, religion, ethnicity, nationality, colour, race etc., is in fact irrational. Irrational Discrimination Let us consider the issue of irrational discrimination such as racism or discrimination based on sex, caste, creed, religion, ethnicity or nationality. It shouldn’t be a surprise if I say that most of the people who claim that they do not discriminate people irrationally actually fail to recognize what irrational discrimination is. Irrational discrimination can be defined as the clear, pure, absolute hatred, aversion or dislike towards the members of a group. Actually, it isn’t preference or favoritism towards the member of a certain caste, creed, religion, nation or race; rather, it is a sort of prejudice or intolerance against the members of that certain group for no comprehensible reason. Anyone showing such prejudices or intolerance against the …Read the Rest

The Cruelty of Food Security Bill

The Cruelty of Food Security Bill
May 10, 2013
1Voluntaryism

Last year, the Supreme Court of India asked for the reasons about why the government allowed the ruin of food grains in governmental stock facilities and go-downs while many millions in India were suffering hunger and malnutrition. According to newspapers, a fifth of India’s population remains undernourished and some 3,000 children die each day from hunger-related causes while around 6 million tons of food grains were ruined in the year 20121 . Obviously, it was a clear indication that governmental intervention in the market causes extreme failures and loss. However, instead of learning this clear lesson from the situation, the government and the socialist bureaucrats of India suggested furthermore interventionist approach towards the issue and in 2013; the government announced their will to pass the Food Security Bill in the parliament. The food security bill suggests that every citizen has a right to get food (as a privilege of being a citizen of India) and the government has a duty to ensure that nobody is suffering lack of food or hunger. In other words, food security bill suggests that food is a human right. While this bill is still hanging in the parliament because of the uproar of opposition parties …Read the Rest

The Cruelty of Food Security Bill

The Cruelty of Food Security Bill
May 10, 2013
1Voluntaryism

Last year, the Supreme Court of India asked for the reasons about why the government allowed the ruin of food grains in governmental stock facilities and go-downs while many millions in India were suffering hunger and malnutrition. According to newspapers, a fifth of India’s population remains undernourished and some 3,000 children die each day from hunger-related causes while around 6 million tons of food grains were ruined in the year 20121 . Obviously, it was a clear indication that governmental intervention in the market causes extreme failures and loss. However, instead of learning this clear lesson from the situation, the government and the socialist bureaucrats of India suggested furthermore interventionist approach towards the issue and in 2013; the government announced their will to pass the Food Security Bill in the parliament. The food security bill suggests that every citizen has a right to get food (as a privilege of being a citizen of India) and the government has a duty to ensure that nobody is suffering lack of food or hunger. In other words, food security bill suggests that food is a human right. While this bill is still hanging in the parliament because of the uproar of opposition parties …Read the Rest

Socialism is Existence of Government

Socialism is Existence of Government
May 4, 2013
1Voluntaryism

One of my friends was contemplating about the “nature of Indian Economy and Role of Government” and he concluded that Indian economy is “mixed” but its intent is socialistic. I admire his article for the fact that he is beginning to analyze things with better perspective. However, I also realize that he is wrong if he believes that there can be a free economy in presence of the government. I explained Mixed Economy as the “Middle Vice” in one of my previous articles that I wrote a few years ago. The idea of Mixed economy or Fabian Socialism comes from the misunderstanding of the Aristotelian Nicomachean Ethics that suggests that out of the two extremes, the middle path is preferable. However, the middle path is not always right and often, it is worse than the two extremes. Issue of mixed economy is the same, it is the worst path. If Individual Freedom (Capitalism) is Good, if Socialism is Bad, then Mixed Economy is ugly1 . While I appreciate his article to the extent that he was right about analyzing nature of Indian economy and government, reading his article was painful. Let me tell you why. While this blogger is expressively …Read the Rest

Austrian Economics and Objectivism : Austrian Value Theory and Objective Value Theory

Austrian Economics and Objectivism : Austrian Value Theory and Objective Value Theory
April 3, 2013
Anarcho-Capitalism

Logic can be expressed in a number of ways; however, if it is sound logic, no expression of it can negate other expression. This is true with the case of differences between Austrian school of economics and the philosophical movement known as Objectivism. However, different terminologies often create various misunderstandings and confusion that furthers the yawning gap between these two branches of libertarianism. Austrians often remain in influence of Ludwig von Mises and Murray N. Rothbard, on the other hand, Objectivists enjoy impressions of Ayn Rand. Recently, I observed a similar debate over the value of Gold.  There are three Classic value theories of goods namely, intrinsic, subjective, and objective. First, I will discuss about these three classical value theories and then I will discuss about the Austrian value theory as supported by Austrians and the Objective theory of Values as supported by Ayn Rand and other Objectivists. Classical Concepts of Value Theory Concept of Intrinsic value of a good: According to Richard Cantillon, who was the first of the modern economists, the intrinsic value of an object or good is the measure of land and labour that has been used in production of that good. However, Cantillon conceded that …Read the Rest