Let the Free Market Eat the Rich

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“A long running debate among anarchists, especially between the individualist and collectivist schools, centers around the justice of wealth disparities. Certainly the existence of the State serves to enrich particular interests at the expense of others, but in anarchy would the rich dominate society–just as they do with the State? Even if we could immediately switch off the institutions that forcibly manipulate society, there is danger that the legacy of privilege and accumulated wealth could persist for some time, distorting markets and continuing to frustrate the balance of power between individuals . . . .

“The purpose of this essay is to demonstrate how large scale aggregations of wealth require an outside stabilizing force and defensive agency to maintain, and how in a free, dynamic market there are entropies that move imbalances back to equilibrium. . . .”

“Let the Free Market Eat the Rich!” was written in May 2007 at the 6th Density blog. This revised version (2011) appeared as # 33 in Charles Johnson and Gary Chartier’s Markets Not Capitalism: individualist anarchism against bosses, inequality, corporate power and structural poverty (pp. 301–308), and online at socialmemorycomplex.net

Jeremy Weiland is a software developer, writer and left-libertarian activist. He maintains the website Social Mem­ory Complex: a political economy of the soul, and lives with his wife in Richmond, Virginia.

Introduced June 2013.

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