Post
Topic
Board Bitcoin Discussion
Merits 3 from 1 user
Re: Libertarians -- where are they now?
by
DooMAD
on 12/01/2023, 23:26:40 UTC
⭐ Merited by Carlton Banks (3)
There is a concept name Spontaneous order. It implies that people, by themselves, can organize themselves, even without an authority leading them to do it. Just like in the example with the overcrowded shop. From something which looks like chaos, with no visible order, a new order appears and people organize themselves, in order to be able to find their products on the shelves, pick them up, pay for them and go home. Peacefully.

According to Wikipedia, Spontaneous order, also named self-organization in the hard sciences, is the spontaneous emergence of order out of seeming chaos.

No wonder, Wikipedia continues, the great economists following Austrian school, about which we discussed earlier, come into play: The Austrian School of Economics, led by Carl Menger, Ludwig von Mises and Friedrich Hayek made it a centerpiece in its social and economic thought. Hayek's theory of spontaneous order is the product of two related but distinct influences that do not always tend in the same direction.

The reference to anarchism says the following:

Anarchists argue that the state is in fact an artificial creation of the ruling elite, and that true spontaneous order would arise if it was eliminated. This is construed by some but not all as the ushering in of organization by anarchist law. In the anarchist view, such spontaneous order would involve the voluntary cooperation of individuals. According to the Oxford Dictionary of Sociology, "the work of many symbolic interactionists is largely compatible with the anarchist vision, since it harbours a view of society as spontaneous order.

So see, even from pure chaos, order may arise. Just by itself.

I'm not convinced that has much, if anything, to do with Bitcoin, though.  Order didn't just occur all by itself.  If Bitcoin were to be boiled down to a simple premise, I'd argue it would be something along the lines of 'order through incentive'.  People were motivated to build a network together, because satoshi invented a framework whereby the reward for a cohesive network outweighs the cost of attacking the network.  The incentives are both financial and practical.  The block rewards and mining fees provide the initial financial incentive.  The censorship resistance and the privacy provided the initial practical benefits.  And then you get the eventual network effects where the more users a network has, the more utility it potentially has, the speculative price explodes and it all snowballs from there. 

Not spontaneity.  Pure incentive.

And we could probably spend the next hundred years arguing whether the economic concept behind it is libertarian/capitalist/austrian/anarchy/whatever but, in the end, I'm not sure it matters all that much.  Everyone's view is going to be tinted by their own beliefs, life experiences and even the way in which they choose to define such words.