Re: The end is near

Capitalism has been the driving mechanism for human society, progress and prosperity in modern history. It is this driving engine that is now about to fail completely.

Capitalism, as in free trade and voluntary interaction, is not going to fail. Much of the establishment of corporatist inefficiency will be in turmoil and the collateral damage for everyone may be severe, but eventually the natural order will recover better and stronger than before.

Yes, without the state, inefficiency will be eliminated. That means, that nearly nothing will be produced, as it was the case within stateless communities in the whole history of mankind. But that wasn't Capitalism. The austrian anarchocapitalists believe, that we will produce even more without the state. That's the greatest economic joke I ever heard.

Your reply is a textbook example of the post hoc ergo propter hoc fallacy.

Your are telling ahistoric stories. There has never been a capitalist free trade in stateless, self-sufficient communities. Self-sufficient communities are called self-sufficient because there is no need to trade on a market with strangers beyond themselves.

So this http://en.wikipedia.org/wiki/Kowloon_Walled_City

And this http://mises.org/daily/1121

Or this http://en.wikipedia.org/wiki/Jewish_anarchism#Religious_Jewish_anarchism

or this https://en.wikipedia.org/wiki/Hallstatt_culture#Culture_and_trade

Are not both capitalisitic and stateless socieites? A note on that last one, since it's not widely known. Not much is known about the Hallstatt culture, mostly due to the combined effects there being now known written language associated with the culture and that history, while not really written by them, is heavily edited by the victors. The Hallstatt were not victors. But two thinkgs are known to be hard facts about the Hallstatt culture, 1) they honored no rulers and thus were leaderless, and during the age that also made them stateless by the dominat definition (they respected no king, paid no taxes and fought no wars) and 2) they traded with their neighbors, particularly mined salt.