April 28th, 2012

Magical Wes Animated

Libertarians and Exploitation

Source: http://reason.com/archives/2012/04/28/can-mutually-beneficial-exchanges-be-exp


Can Mutually Beneficial Exchanges Be Exploitative?
The importance of context-keeping in libertarian thought


When two people not under duress enter into an exchange for goods or labor services, both must be expecting to benefit or the exchange would not occur. In any such exchange there necessarily exists a double inequality of value. Each trader gives up something to obtain what he or she prefers. Moreover, we have at least prima facie grounds for pronouncing the exchange legitimate since no compulsion is apparent.

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