Writes Craig Biddle in his essay “Introducing The Objective Standard”:

In the realm of politics, we recognize that in order to take life-promoting action, a person must be free to do so; he must be free to act on the judgment of his mind, his basic means of living. The only thing that can stop him from doing so is other people, and the only way they can stop him is by means of physical force. Thus, in order to live peacefully together in a society—in order to live together as civilized beings, rather than as barbarians—people must refrain from using physical force against one another. This fact gives rise to the principle of individual rights, which is the principle of egoism applied to politics.

The principle of individual rights is the recognition of the fact that each person is morally an end in himself, not a means to the ends of others; therefore, he morally must be left free to act on his own judgment for his own sake, so long as he does not violate that same right of others. This principle is not a matter of personal opinion or social convention or “divine revelation”; it is a matter of the factual requirements of human life in a social context.

A moral society—a civilized society—is one in which the initiation of physical force against human beings is prohibited by law. And the only social system in which such force is so prohibited—consistently and on principle—is pure, laissez-faire capitalism.

Capitalism—which, contrary to widespread mis-education, is not merely an economic system—is the social system of individual rights, including property rights, protected by a strictly limited government. In a laissez-faire society, if people want to deal with one another, they may do so only on voluntary terms, by uncoerced agreement. If they want to receive goods or services from others, they may offer to exchange value for value to mutual benefit; however, they may not seek to gain any value from others by means of physical force. People are fully free to act on their own judgment and thus to produce, keep, use, and dispose of their own property as they see fit; the only thing they are not “free” to do is to violate the rights of others. In a capitalist society, individual rights cannot legally be violated by anyone—including the government.

The sole purpose of the government in such a system is to protect the individual rights of its citizens by means of the police (to deal with domestic criminals), the military (to deal with foreign aggressors), and the courts of law (to adjudicate disputes). While the government holds a monopoly on the legal use of force, it is constitutionally forbidden to use initiatory force in any way whatsoever—and constitutionally required to use retaliatory force as necessary to protect the rights of its citizens.

For instance…

Read the rest.

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