Before I start lemme clearly define what is a voluntary relationship and what is an involuntary relationship.

Voluntary Relationship: A voluntary relationship is defined as a relationship which involves no coercion between the two parties. For example marriage is a classical example of a voluntary relationship. A romantic relationship is also a voluntary relationship. Your relationship with a shopkeeper from whom you just bought something is also mutually voluntary and consensual relationship.

Involuntary Relationship: An involuntary relationship is defined as a relationship which takes place as a matter of compulsion on one or both the parties. For example slave-owner relationship is an involuntary relationship, a bondage labor is an involuntary relationship. Your relationship with a highway robber who just robbed you is also a non-consensual involuntary relationship. Continue reading

This post is a reference post for the common myth which exists among both capitalists and socialists alike. It usually goes like this with socialist asking question: "Why is that an owner creates a shoe, pays only $15 to a worker who made that shoe and sells it for $50 in the market, reaping a profit of $35 without actually putting his labor in making the shoe? This is clear exploitation." And I haven't really seen the so-called 'capitalists' actually giving a satisfactory answer to it. They know that he deserved it, but just can't tell precisely how. Here is the reason how he earns it. Continue reading

Take a look at a person who invests $5 million dollars in bank for 10 years, and he earns (at 6%) $300,000 per year, a salary good enough for a 5 years exp project manager in America. You might say, that man is not working at all, and he is living off the interest. This is no labor, but here is the thing, he is deferring his enjoyment of those $5 million dollars. He is surely getting $300,000 every year, which is a quite a large sum of money and he is surely enjoying that too, but if he uses that $5 million dollars he can do a zillion things, he can buy a big house, a big yacht, a helicopter and scores of other things. BUT he is not able to do all those thing, for next 10 years. He is simply waiting, the 5 million dollars are right now being used by someone who needs it, and using it to make more money.
He is doing the labor of waiting. Continue reading

I am trying to find out more about Prodhoun's writings. His main ideology was Mutualism. Here is from wikipedia page on Mutualism When labor or its product is sold, it ought to receive in exchange, goods or services embodying "the amount of labor necessary to produce an article of exactly similar and equal utility"

Basically under this theory, if I make a football then I should get goods or services which required the same amount of labor. Now I would end the theory here, presuming that Proudhon does not want anyone to get more value than the required labor, unlike in a market where if you produced something which is required by more number of people than the price goes up for that product. But Mutualist are not anti-Market it seems, they do believe in market. In fact the only restriction they have is receiving anything less is considered exploitation, theft of labor, or "usury". It sounds like an unnecessary clause, because in a free market, if people are paid less than they put in, they move on to do something else. For example if the housing sector is paying too less for their work then they move on to work in some other field like mining or something. Continue reading

Nothing could by more mistaken than the now fashionable attempt to apply the methods and concepts of the natural sciences to the solution of social problems. -Ludwig Von Mises(Planned Chaos P-30)

We all have heard numerous times Rosie O'Donnell screaming on the television about how Catholic judges must not be allowed in SCOTUS(Supreme Court Of The United States) as a measure for separation of Church and State, and I am sure you must have heard a lot and hold an opinion about a clear separation of Church and State. But this article is not about Religion and State, rather its about the undefined separation of Science and State. Continue reading