Index Investing News
Sunday, March 15, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Spooner and De Jasay about Trump’s Indictement

by Index Investing News
August 27, 2023
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


What is the state (“government”)? The current prosecutions of a former statocrat-in-chief* offer multiple opportunities to raise the question. A declaration by a lawyer about how Donald Trump’s co-defendants could challenge the use of Georgia’s RICO law is especially interesting. The Wall Street Journal reports (“How Donald Trump Could Attack Georgia RICO Prosecution,” August 25, 2023):

“They’d say that there may have been a similar goal—that Trump remain president—but there was no coordination,” said Jack Cunha, a lawyer in Boston who has defended racketeering cases. “They’re going to say this isn’t the mafia or a street gang. They’ll say this is just hardball politics.”

Lysander Spooner, a 19th-century political philosopher and activist, would probably reply that hardball politics is indistinguishable from a mafia. For Spooner, the state is the ultimate criminal conspiracy. In this light, there is a certain irony in its creation and use of RICO. In his fiery 1870 article “The Constitution of No Authority,” Spooner wrote:

Not knowing who the particular individuals are, who call themselves “the government,” the tax payer does not know whom he pays his taxes to. All he knows is that a man comes to him, representing himself to be the agent of “the government”—that is, the agent of a secret band of robbers and murderers, who have taken to themselves the title of “the government,” and have determined to kill every body who refuses to give them whatever money they demand. …

The secret ballot makes a secret government; and a secret government is a secret band of robbers and murderers. …

Thus it is obvious that the only visible, tangible government we have is made up of these professed agents or representatives of a secret band of robbers and murderers, who, to cover up, or gloss over, their robberies and murders, have taken to themselves the title of “the people of the United States,” and who, on the pretence of being “the people of the United States,” assert their right to subject to their dominion, and to control and dispose of at their pleasure, all property and persons found in the United States.

An economist or a political economist will look at the state in a very different way. The question is not the ontological one of what is the state but, in a scientific-nominalist way, how the state works (and how, comparatively, would anarchy work).

Incidentally, this focus on how things work reminds us that any collective action or conspiracy must be incentive-compatible. Most of what is called “conspiracy theories” is not. Incentive-compatible means that each individual co-conspirator thinks that his own action will increase his own expected net benefit more than his own expected cost. This is why there are few large, complex, and risky conspiracies. When there is one, it is discovered because each conspirator has an incentive to rat on his fellow conspirators (it’s the “prisoner’s dilemma”). Note that “risky” usually means illegal.

Going back to how the state works, consider Anthony de Jasay who was, I believe, one of the great (and most neglected) economists of the 20th century. He described himself as a liberal and an anarchist. Perhaps one could say that he was a conservative anarchist. How the state works is the question he asked in his masterpiece The State. He answers that the state (even if run by an altruistic political philosopher like, say, Trump or Giuliani) does not behave like a great and glorious embodiment of “the people.” Instead, the state is in the business of governing, that is, of handicapping some of its subjects or “citizens” in order to grant privileges to those whose support it needs to retain power. The state may not be more dignified in de Jasay than it was in Spooner, but the methodology and implications of the analysis, as well as its (possible) normative corollaries, are very different. One may disagree with de Jasay’s analysis, and have good reasons to, but not before reading the book.

———————————————————–

* “Statocrats” comes from an old French word (statocrate) recycled by Bertrand de Jouvenel and meaning “a man who derives his authority only from the position he holds and the office he performs in the service of the state” (On Power: The Natural History of Its Growth, 1945 for the original French edition).



Source link

Tags: IndictementJasaySpoonerTrumps
ShareTweetShareShare
Previous Post

Dutch GP: Max Verstappen tops chaotic wet final practice from George Russell after three red flags

Next Post

Insider trading claims surface amid token theft

Related Posts

At The Money: Pursuing Alpha through Exchange-Traded Funds

At The Money: Pursuing Alpha through Exchange-Traded Funds

by Index Investing News
March 12, 2026
0

     At The Money: Finding Alpha via Unique ETF Strategies  (March 12, 2026) If you want market performance...

EconLog Price Theory: Housing Quantity and Price

EconLog Price Theory: Housing Quantity and Price

by Index Investing News
March 8, 2026
0

This is the latest in our series of posts in our series on price theory problems with Professor Bryan Cutsinger....

Paul Krugman in Conversation with Barry Ritholtz

Paul Krugman in Conversation with Barry Ritholtz

by Index Investing News
March 4, 2026
0

https://www.youtube.com/watch?v=M5eIwNMG8A4https://www.youtube.com/watch?v=M5eIwNMG8A4   I always have fun chatting with Paulie. I always find it amusing to be on the other side...

Sam’s Links: February Edition – Econlib

Sam’s Links: February Edition – Econlib

by Index Investing News
February 28, 2026
0

Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication...

Transcript: Hilary Allen on Fintech Dystopia

Transcript: Hilary Allen on Fintech Dystopia

by Index Investing News
February 24, 2026
0

https://www.youtube.com/watch?v=NSFAIakPdmohttps://www.youtube.com/watch?v=NSFAIakPdmo     The transcript from this week’s, MiB: Hilary Allen on Fintech Dystopia, is below. You can stream and...

Next Post
Insider trading claims surface amid token theft

Insider trading claims surface amid token theft

Two Books About Women Making Trouble

Two Books About Women Making Trouble

RECOMMENDED

98% of Housing Markets “Weaker” Than Final 12 months: Good Information for Traders?

98% of Housing Markets “Weaker” Than Final 12 months: Good Information for Traders?

May 22, 2025
Non-public Fairness: In Essence, Plunder?

Non-public Fairness: In Essence, Plunder?

August 2, 2024
The Brian Wilson Film – The Massive Image

The Brian Wilson Film – The Massive Image

June 19, 2022
Top North Carolina-based Gateway Realty Group Joins Keller Williams

Top North Carolina-based Gateway Realty Group Joins Keller Williams

January 7, 2026
Russia accuses Kyiv of poisoning a few of its troopers in Ukraine : worldnews

Russia accuses Kyiv of poisoning a few of its troopers in Ukraine : worldnews

August 20, 2022
Even With the Newest Drama—Historical past Says It Nonetheless Makes Sense to Maintain Shares

Even With the Newest Drama—Historical past Says It Nonetheless Makes Sense to Maintain Shares

April 24, 2025
Nevada nurses overwhelmed and understaffed –
Las Vegas Solar Information

Nevada nurses overwhelmed and understaffed – Las Vegas Solar Information

March 16, 2025
Prime Execs Focus on What Buyers Need To Finance Initiatives

Prime Execs Focus on What Buyers Need To Finance Initiatives

October 5, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In