Following up on my previous post, I should first note that the Playboy.com article accusing Rick Santelli of fronting a Kochtopus astroturf campaign has apparently been pulled, although it’s still (as of 1:17 AM Central time on March 3rd, 2009) available through Google cache. The latest reports I’ve seen indicate Playboy.com hasn’t yet commented on the matter. Megan McArdle has what seems to be, so far, the best skeptical take on the claims (and also a copy of the Playboy.com article posted in its entirety).
I can, at this point, only speculate about why the article is no longer on Playboy.com. It very well may turn out to be that Santelli and others have a good libel case against Playboy.com and the article lacked good research and shouldn’t have been published. If that’s the case, I stand by what I said in reaction to what I took as a credible media report, given that Hefner’s empire isn’t exactly a fly-by-night operation:
“Playboy magazine points to [emphasis added] the Koch group as, shall we say, the groundskeepers for Rick Santelli’s astroturf…”
That said, after I made my post discussion elsewhere ensued regarding an earlier post I had linked to.
Stephan Kinsella posted “Is Foreclosure Resistance Libertarian?” on the Mises blog, comparing my take on ACORN’s foreclosure resistance campaign to some suspect reasoning by Rand. He starts:
Here we have a left-libertarian hailing the leftist group ACORN’s campaign promoting civil disobedience to resist home foreclosures–that is, they support mortgagees squatting on property owned by the mortgage holder. Argues our left-libertarian:
“This is a case where real property rights don’t agree with property titles as recognized by the state. The banksters are a government-backed cartel whose profits principally accrue from their illegitimate (government granted) monopoly privileges — so claims that the homes in question are property of the banks have no merit in terms of libertarian theory. Resistance to foreclosures is thus fully libertarian. Please support ACORNs foreclosure resistance campaign.”
And what about renters? Renting is economically similar to holding a mortgage. Should deadbeat renters be able to squat in their apartments, and tell the evil, capitalistic slumlords “go away, you’re not the real owner”? If not, then I guess banks ought to switch from granting mortgages to just doing lease-to-own contracts.
This seems unduly obtuse of Kinsella on at least two counts.
First, I don’t “support mortgagees squatting on property owned by the mortgage holder” because my argument is that nominal ownership by recipients of mammoth state subsidies is not valid ownership in terms of libertarian theory in the first place. If he wanted to argue that my point was flawed and therefore amounts to de facto support for “mortgagees squatting on property owned by the mortgage holder”, that would be an interesting debate. He never actually does that, though, prefering to instead build his assumptions into his rhetoric like a master illusionist practicing ideological sleight-of-hand.
Secondly, with regard to the following:
“And what about renters? Renting is economically similar to holding a mortgage. Should deadbeat renters be able to squat in their apartments, and tell the evil, capitalistic slumlords ‘go away, you’re not the real owner’?”
Here, Kinsella seems to want people to incorrectly think the objection is to wealth per se rather than the way wealth is obtained by the political class. My argument is not at all against the principle of property (or its rental), but rather that some (but not all) property titles are illegitimate. He apparently wants to refute someone who denies the legitimacy of all property and its rental and I hope when he finds them he gives them a sound intellectual thrashing. Meanwhile, those of us who wish to defend justly acquired property by promulgating an understanding of why it’s legitimate have a concomitant responsibility to denounce unjustly acquired property held under mere color of law and in defiance of that same understanding of property.
Stephan — Dorothy, the Cowardly Lion and the Tin Man all called for you. They want their straw man back.
Kinsella then explains Rand’s somewhat suspect assertion that:
“…the Western oil companies were the ‘real’ owners of the Arabian oil fields…”
…in order to try to then paint that as analogous to my position on ACORN’s foreclosure resistance campaign. In doing so, he trails off into a series of questions that end his post.
“Rand basically felt that the Arab states were primitive and “bad”; therefore the good, heroic, individualist Western oil companies are the “true” owners. Likewise, our left-libertarians are arguing that because the banks are illegitimate and have no proper title to homes they hold mortgages on, the current possessor is the “true” owner. Now, no doubt the banksters and Arab states all have unclean hands. But why does the defect in the claims of such actors mean the current possessor of property own it? In the case of homes, why is the renter or mortgagee the “owner”? Why are workers the owner of the factory? Why are the oil companies the owners of the oil fields? After all, when you develop an oil field with the permission of the surface owner, the surface owner retains mineral rights. In the case of a home currently occupied by a deadbeat Democrat or Republican, why is that statist the owner, even if the banks aren’t? Maybe the employed taxpayers are. Maybe the Iraqi citizens with dead family members obliterated by US war supported by typical US homeowners have a better claim to these assets than the possessor has.”
The answer to these questions in aggregate (the meta-answer?) is that as a libertarian commenter on these issues I approach them most correctly (in a strategic sense) by doing so in a way prefiguring the libertarian system of justice I seek to build. There very well might be superior claims, to any piece of property, far better than either those of the banksters or the current possessors. The matter is framed in our discourse, though, as a large collection of disputes between two sets of parties. I’ve given my general opinion on whose claims (between those two sets of claimants) I would tend to uphold as an arbitrator and why, pending specifics in any given case that would sway me the other way.
Other odds and ends…
Kinsella:
“Nevermind the existence of a contract.”
That’s right. Nevermind the existence of a contract, because if systematic favoritism towards one party over another (such as, for one of several possible examples, license to commit fraud — i.e. fractional reserve banking) by the bloodthirsty killing machines we call “states” doesn’t count as something akin to duress or undue influence, nothing ought to.
Commenter newson:
“…to disrespect, or advocate disrespecting valid contracts is to disqualify yourself as a libertarian…”
Considering my principal point is that the property claims by the banksters (and, thus, contracts with them) are not ethically valid in the first place, the commenter would seem to be doing a remarkable impression of a puppy by chasing their own intellectual tail.
Commenter John starts off well and maintains for most of his comment:
“What Brad Spangler and ACORN’s left-libertarian cheerleaders are saying is, basically, that owing anything to a State-sponsored enterprise, which is basically owing something to the State, is illegitimate and therefore you can absolve that contract on your own and renegue on the contract and take what property you can and pay what you wish for it. That holds some water.”
…despite some confusion at the end:
“The bank’s employees and other people (maybe real estate company employees) don’t necessarily deserve to get screwed over by your reneging on your contract.”
Of paramount concern here is whether “screwed over” is a violation of the bank’s employee’s natural rights or not. If the bank fails as an enterprise because people are somehow successfully defending legit property claims against the illegitimate ones of the bank, would John argue that the economic dislocation the bank employees might suffer justifies ongoing theft from those with a better claim to the property than the banks? John above comes perilously close to falling into the fallacious social-democratic thinking behind the recent government bank bailouts.