Let’s examine laissez-faire capitslism on Lemmy. Trivially, how did the “invisible hand” become the “free hand”? That feels like a mix of “invisible hand” and “free market”.
How does such a system overcome “might makes right”? Adam Smith mentions the natural monopoly of kelp farms in Scotland. Who keeps the market free when I can use force to take over such a natural monpoly?
Thereby, I should be able to expand my holdings through force and regulate commerce on my land sort of like… a state? This corresponds with Nozick’s minimal state responsible for a monopoly on violence. Is such a state required for your unfettered system?









My confusion is why collapse back to capitalism?
Let’s start with some axioms. There is a continuum of stages of human societal progression with socialism following after capitalism. Under socialism the workers run the state. USSR socialism was great for the worker.
Given the axioms, why would the USSR decide to create a capitalist class again?
The USSR’s results in the face of outside pressure were great however. Why buckle after putting up such a fight?
Why can struggle against external power move human societal progression backwards?