Tuesday, June 9, 2009

Slavery, the ULTIMATE human right

If an individual wants to sell himself into slavery, or 'indentured servitude', who are we to prevent it? To devote oneself completely, totally selflessly, accruing the value of one's services and talents and giving that value gained in the sale of one's self to a loved one, what greater sacrifice? What greater love than this? So we paternalistically slap his hands as we see him reach for the flame on the stove... But he's not a child and knows the result yet proceeds because only by reaching through the flames can the flames be stopped and prevented from burning the whole house down. Right to Self, one’s ultimate property right, is the fundamental basis of ALL property rights. And what of the individual who would sell one of his kidneys? Or Corneas? Let's not be too presumptuous about other's motivations when they are literally in a survival mode. In a perfect world, these choices would not have to be made. But until that world happens...

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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?