No. You can also profit by appropriating the fruits of somebody else’s labor
Capitalism violates the ethical basis of property rights of getting the positive and negative fruits of your labor.
An entrepreneur can’t “appropriate” somebody else’s labor if the employee who agreed to work for a wage did it voluntarily. Denying this would imply denying the natural right of the worker to free will. Social cooperation is not the same as slavery.
and taking advantage of market failures.
These so-called “market failures” are the product of an utilitarian and scientific economic theory to understand the causes and effects of economic relationships, as it ignores completely the difference between the study of Human Action and economic history.
In fact, the intervention of the government makes it more difficult to have a good allocation of resources.
Often times, actions that benefit consumers fail to receive adequate funding due to involving public goods.
“Every good is useful “to the public,” and almost every good […] may be considered “necessary.” Any designation of a few industries as “public utilities” is completely arbitrary and unjustified.”
Property rights’ moral basis flows from the moral principle that the de facto responsible party should be held legally responsible. The workers are jointly de facto responsible for using up the inputs to produce the outputs. The voluntariness of the employment contract is irrelevant because de facto responsibility cannot be transferred even with consent. The labor’s voluntariness makes them more responsible. There is an inalienable right, which can’t be given up even with consent, here
An entrepreneur can’t “appropriate” somebody else’s labor if the employee who agreed to work for a wage did it voluntarily. Denying this would imply denying the natural right of the worker to free will. Social cooperation is not the same as slavery.
These so-called “market failures” are the product of an utilitarian and scientific economic theory to understand the causes and effects of economic relationships, as it ignores completely the difference between the study of Human Action and economic history.
In fact, the intervention of the government makes it more difficult to have a good allocation of resources.
“Every good is useful “to the public,” and almost every good […] may be considered “necessary.” Any designation of a few industries as “public utilities” is completely arbitrary and unjustified.”
Property rights’ moral basis flows from the moral principle that the de facto responsible party should be held legally responsible. The workers are jointly de facto responsible for using up the inputs to produce the outputs. The voluntariness of the employment contract is irrelevant because de facto responsibility cannot be transferred even with consent. The labor’s voluntariness makes them more responsible. There is an inalienable right, which can’t be given up even with consent, here