,P>T #g1 ,*APT] #a 
,! ,ATTITUDE ( ,AN>*ISM ,T[>D ,9DU/RIAL ,COMB9ATIONS 

#aihaih 

,PEOPLE 3 

,AU?OR 3 ,B5JAM9 ,R4 ,TUCK] 

,TEXT 3 

,! ,ATTITUDE ( ,AN>*ISM ,T[>D ,9DU/RIAL ,COMB9ATIONS 

,EXC]PT$ FROM ! BOOK2  

 ,9DIVIDUAL ,LIB]TY3 ,SELECTIONS ,FROM ! ,WRIT+S ( ,B5JAM9 ,R4 ,TUCK]  

 ,VANGU>D ,PRESS1 ,NEW ,YORK1 #aibf  

 ,KRAUS ,REPR9T ,CO41 ,MILLWOOD1 ,N,Y1 #a#i#g#c4 

 ,FROM ,SEPTEMB] #ac TO #a#f1 #a#h#i#i1 ! ,CIVIC ,F$]ATION HELD A ,CONF]5CE ON ,TRU/S1 9 ,*ICAGO1 BE=E :I* IT 9VIT$ AB\T ONE HUNDR$ 9DIVIDUALS FROM EV]Y WALK ( LIFE & ( V>I\S POLITICAL & ECONOMIC BELIEFS TO DISCUSS ! QUE/ION ( TRU/S FROM EV]Y ANGLE4 ,MR4 ,TUCK] WAS ONE ( ?OSE 9VIT$ TO ADDRESS ! ASSEMBLY1 & HIS PAP]1 :I* IS H]E REPRODUC$ 9 FULL1 EXCIT$ MORE 9T]E/ & COMM5T1 ACCORD+ TO ! NEWSPAP] ACC\NTS AT ! TIME1 ?AN ! REM>KS ( ANY O!R SPEAK] AT ! CONF]5CE3  

,HAV+ TO DEAL V]Y BRIEFLY ) ! PROBLEM ) :I* ! SO-CALL$ TRU/S CONFRONT US1 ,I GO AT ONCE TO ! HE>T ( ! SUBJECT1 TAK+ MY /& ON !SE PROPOSITIONS3 ,?AT ! RI<T TO COOP]ATE IS AS UNQUE/IONABLE AS ! RI<T TO COMPETE2 ?AT ! RI<T TO COMPETE 9VOLVES ! RI<T TO REFRA9 FROM COMPETITION2 ?AT COOP]ATION IS (T5 A ME?OD ( COMPETITION1 & ?AT COMPETITION IS ALWAYS1 9 ! L>G] VIEW1 A ME?OD ( COOP]ATION2 ?AT EA* IS A LEGITIMATE1 ORD]LY1 NON9VASIVE EX]CISE ( ! 9DIVIDUAL WILL UND] ! SOCIAL LAW ( EQUAL LIB]TY2 & ?AT ANY MAN OR 9/ITUTION ATTEMPT+ TO PROHIBIT OR RE/RICT EI!R1 BY LEGISLATIVE 5ACTM5T OR BY ANY =M ( 9VASIVE =CE1 IS1 9 SO F> AS SU* MAN OR 9/ITUTION MAY FAIRLY BE JUDG$ BY SU* ATTEMPT1 AN 5EMY ( LIB]TY1 AN 5EMY ( PROGRESS1 AN 5EMY ( SOCIETY1 & AN 5EMY ( ! HUMAN RACE4 

,VIEW$ 9 ! LI<T ( !SE IRREFUTABLE PROPOSITIONS1 ! TRU/1 !N1 LIKE EV]Y O!R 9DU/RIAL COMB9ATION 5DEAVOR+ TO DO COLLECTIVELY NO?+ BUT :AT EA* MEMB] ( ! COMB9ATION RI<TFULLY MAY 5DEAVOR TO DO 9DIVIDUALLY1 IS P] SE1 AN UNIMPEA*ABLE 9/ITUTION4 ,TO ASSAIL OR CONTROL OR D5Y ?IS =M ( COOP]ATION ON ! GR\ND ?AT IT IS ITSELF A D5IAL ( COMPETITION IS AN ABSURDITY4 ,IT IS AN ABSURDITY1 BECAUSE IT PROVES TOO MU*4 ,! TRU/ IS A D5IAL ( COMPETITION 9 NO O!R S5SE ?AN ?AT 9 :I* COMPETITION ITSELF IS A D5IAL ( COMPETITION4 ,! TRU/ D5IES COMPETITION ONLY BY PRODUC+ & SELL+ MORE *EAPLY ?AN ?OSE \TSIDE ( ! TRU/ CAN PRODUCE & SELL2 BUT 9 ?AT S5SE EV]Y SUCCESSFUL 9DIVIDUAL COMPETITOR ALSO D5IES COMPETITION4 ,& IF ! TRU/ IS TO BE SUPPRESS$ = SU* D5IAL ( COMPETITION1 !N ! V]Y COMPETITION 9 ! NAME ( :I* ! TRU/ IS TO BE SUPPRESS$ MU/ ITSELF BE SUPPRESS$ ALSO4 ,I REPEAT3 ! >GUM5T PROVES TOO MU*4 ,! FACT IS ?AT !RE IS ONE D5IAL ( COMPETITION :I* IS ! RI<T ( ALL1 & ?AT !RE IS ANO!R D5IAL ( COMPETITION :I* IS ! RI<T ( NONE4 ,ALL ( US1 :E!R \T ( A TRU/ OR 9 IT1 HAVE A RI<T TO D5Y COMPETITION BY COMPET+1 BUT NONE ( US1 :E!R 9 A TRU/ OR \T ( IT1 HAVE A RI<T TO D5Y COMPETITION BY >BITR>Y DECREE1 BY 9T]F]5CE ) VOLUNT>Y EF=T1 BY =CIBLE SUPPRESSION ( 9ITIATIVE4 

,AGA93 ,TO CLAIM ?AT ! TRU/ %\LD BE ABOLI%$ OR CONTROLL$ BECAUSE ! GREAT RES\RCES & CONSEQU5T P[] ( 5DURANCE :I* IT ACQUIRES BY COMB9ATION GIVE IT AN UNDUE ADVANTAGE1 & !REBY 5ABLE IT TO CRU% COMPETITION1 IS EQUALLY AN >GUM5T ?AT PROVES TOO MU*4 ,IF ,JOHN ,D4 ,ROCKEFELL] W]E TO />T A GROC]Y /ORE 9 HIS 9DIVIDUAL CAPACITY1 WE %\LD NOT ?9K ( SUPPRESS+ OR RE/RICT+ OR HAMP]+ HIS 5T]PRISE SIMPLY BECAUSE1 ) HIS FIVE HUNDR$ MILLIONS1 HE C\LD AF=D TO SELL GROC]IES AT LESS ?AN CO/ UNTIL ! DAY :5 ! ACCUMULAT$ RU9S ( ALL O!R GROC]Y /ORES %\LD AF=D HIM A SURE F\NDATION = A PR(ITABLE BUS9ESS4 ,BUT1 IF ,ROCKEFELL]'S POSSESSION ( FIVE HUNDR$ MILLIONS IS NOT A GOOD GR\ND = ! SUPPRESSION ( HIS GROC]Y /ORE1 NO BETT] GR\ND IS ! CONTROL ( /ILL GREAT] WEAL? = ! SUPPRESSION ( HIS OIL TRU/4 ,IT IS TRUE ?AT !SE VA/ ACCUMULATIONS UND] ONE CONTROL >E ABNORMAL & DANG]\S1 BUT ! REASONS = !M LIE \TSIDE ( & BEH9D & B5EA? ALL TRU/S & 9DU/RIAL COMB9ATIONS1 - REASONS :I* ,I %ALL COME TO PRES5TLY1 - REASONS :I* >E ALL1 9 SOME =M OR O!R1 AN >BITR>Y D5IAL ( LIB]TY2 &1 BUT = !SE REASONS1 BUT = !SE D5IALS ( LIB]TY1 ,JOHN ,D4 ,ROCKEFELL] NEV] C\LD HAVE ACQUIR$ FIVE HUNDR$ MILLIONS1 NOR W\LD ANY COMB9ATION ( M5 BE ABLE TO CONTROL AN AGGREGATION ( WEAL? ?AT C\LD NOT BE EASILY & SUCCESSFULLY MET BY SOME O!R COMB9ATION ( M54 

,AGA93 ,!RE IS NO W>RANT 9 REASON = D]IV+ A RI<T TO CONTROL TRU/S FROM ! ,/ATE GRANT ( CORPORATE PRIVILEGES UND] :I* !Y >E ORGANIZ$4 ,9 ! FIR/ PLACE1 IT BE+ PURE USURPATION TO PRESUME TO 5D[ ANY BODY ( M5 ) RI<TS & EXEMPTIONS ?AT >E NOT !IRS ALREADY UND] ! SOCIAL LAW ( EQUAL LIB]TY1 CORPORATE PRIVILEGES >E 9 !MSELVES A WRONG2 & ONE WRONG IS NOT TO BE UNDONE BY ATTEMPT+ TO (FSET IT ) ANO!R4 ,BUT1 EV5 ADMITT+ ! JU/ICE ( CORPORATION *>T]S1 ! AV[$ PURPOSE 9 GRANT+ !M IS TO 5C\RAGE COOP]ATION1 & ?US /IMULATE 9DU/RIAL & COMM]CIAL DEVELOPM5T = ! B5EFIT ( ! COMMUNITY4 ,N[1 TO MAKE ?IS 5C\RAGEM5T AN EXCUSE = ITS [N NULLIFICATION BY A PROPORTIONATE RE/RICTION ( COOP]ATION W\LD BE TO ADD ONE MORE TO ?OSE 9T]M9ABLE IMITATIONS ( ! TASK ( ,SISYPHUS = :I* ?AT /UPID 9/ITUTION :I* WE CALL ! ,/ATE HAS EV] BE5 NOTORI\S4 

,( SOME:AT ! SAME NATURE1 BUT RA!R MORE PLAUSIBLE AT FIR/ BLU%1 IS ! PROPOSITION TO CRIPPLE ! TRU/S BY /RIPP+ !M ( ?OSE LAW-CREAT$ PRIVILEGES & MONOPOLIES :I* >E CONF]R$1 NOT UPON TRU/S AS CORPORATE BODIES1 BUT UPON SUNDRY 9DIVIDUALS & 9T]E/S1 O/5SIBLY = PROTECTION ( ! PRODUC] & 9V5TOR1 BUT REALLY = PURPOSES ( PLUND]1 & :I* MO/ TRU/S ACQUIRE 9 ! PROCESS ( M]G+ ! ORIG9AL CAPITALS ( !IR CON/ITU5T MEMB]S4 ,I REF]1 ( C\RSE1 TO T>IFFS1 PAT5TS1 & COPYRI<TS4 ,N[1 T>IFFS1 PAT5TS1 & COPYRI<TS EI!R HAVE !IR F\NDATIONS 9 JU/ICE1 OR !Y HAVE NOT !IR F\NDATIONS 9 JU/ICE4 ,IF !Y HAVE !IR F\NDATIONS 9 JU/ICE1 :Y %\LD M5 GUILTY ( NO?+ BUT A LEGITIMATE ACT ( COOP]ATION & P>TN]%IP BE PUNI%$ !RE=E BY HAV+ !IR JU/ RI<TS TAK5 FROM !M8 ,IF !Y HAVE NOT !IR F\NDATIONS 9 JU/ICE1 :Y %\LD M5 :O REFRA9 FROM COOP]ATION BE LEFT 9 POSSESSION ( UNJU/ PRIVILEGES ?AT >E D5I$ TO M5 :O COOP]ATE8 ,IF T>IFFS >E UNJU/1 !Y %\LD NOT BE LEVI$ AT ALL4 ,IF PAT5TS & COPYRI<TS >E UNJU/1 !Y %\LD NOT BE GRANT$ TO ANYONE :OMSOEV]4 ,BUT1 IF T>IFFS & PAT5TS & COPYRI<TS >E JU/1 !Y %\LD BE LEVI$ OR GRANT$ 9 ! 9T]E/ ( ALL :O >E 5TITL$ TO !IR B5EFITS FROM ! VIEWPO9T ( ! MOTIVES 9 :I* !SE PRIVILEGES HAVE !IR ORIG91 & TO MAKE SU* LEVY OR GRANT DEP5D5T UPON ANY =EIGN MOTIVE1 SU*1 = 9/ANCE1 AS WILL+NESS TO REFRA9 FROM COOP]ATION1 W\LD BE %E] IMP]T95CE4 

,NEV]!LESS1 ?IS PO9T 9 ! HUNT = ! SOLUTION ( ! TRU/ PROBLEM1 ! DISC]N+ /UD5T MAY BEG9 TO REALIZE ?AT HE IS HOT ON ! TRAIL4 ,! ?\<T >ISES ?AT ! TRU/S1 9/EAD ( GR[+ \T ( COMPETITION1 AS IS SO G5]ALLY SUPPOS$1 HAVE BE5 MADE POSSIBLE ONLY BY ! ABS5CE ( COMPETITION1 ONLY BY ! DIFFICULTY ( COMPETITION1 ONLY BY ! OB/ACLES PLAC$ 9 ! WAY ( COMPETITION1 - ONLY1 9 %ORT1 BY ?OSE >BITR>Y LIMITATIONS ( COMPETITION :I* WE F9D 9 ?OSE LAW CREAT$ PRIVILEGES & MONOPOLIES ( :I* ,I HAVE JU/ SPOK51 & 9 ONE OR TWO O!RS1 LESS DIRECT1 BUT /ILL MORE F>-REA*+ & DEADLY 9 !IR DE/RUCTIVE 9FLU5CE UPON 5T]PRISE4 ,& IT IS ) ?IS ?\<T ?AT ,AN>*ISM1 ! DOCTR9E ?AT 9 ALL MATT]S !RE %\LD BE ! GREATE/ AM\NT ( 9DIVIDUAL LIB]TY COMPATIBLE ) EQUALITY ( LIB]TY1 APPROA*ES ! CASE 9 H&1 & (F]S ITS DIAGNOSIS & ITS REM$Y4 

,! FIR/ & GREAT FACT TO BE NOT$ 9 ! CASE1 ,I HAVE ALREADY H9T$ AT4 ,IT IS ! FACT ?AT ! TRU/S [E !IR P[] TO VA/ ACCUMULATION & CONC5TRATION ( WEAL?1 UNMAT*$1 &1 UND] PRES5T CONDITIONS1 UNMAT*ABLE1 BY ANY EQUAL ACCUMULATION ( WEAL?1 & ?AT ?IS ACCUMULATION ( WEAL? HAS BE5 EFFECT$ BY ! COMB9ATION ( SEV]AL ACCUMULATIONS ONLY LESS VA/ & 9 !MSELVES ALREADY GIGANTIC1 EA* ( :I* [$ ITS EXI/5CE TO ONE OR MORE ( ! ONLY MEANS BY :I* L>GE =TUNES CAN BE ROLL$ UP1 - 9T]E/1 R5T1 & MONOPOLI/IC PR(IT4 ,BUT = 9T]E/1 R5T1 & MONOPOLI/IC PR(IT1 !RE=E1 TRU/S W\LD BE IMPOSSIBLE4 ,N[1 :AT CAUSES 9T]E/1 R5T1 & MONOPOLI/IC PR(IT8 ,= ALL !RE IS BUT ONE CAUSE1 - ! D5IAL ( LIB]TY1 ! SUPPRESSION OR RE/RICTION ( COMPETITION1 ! LEGAL CREATION ( MONOPOLIES4 

,?IS S+LE CAUSE1 H[EV]1 TAKES V>I\S %APES4 

,MONOPOLI/IC PR(IT IS DUE TO ?AT D5IAL ( LIB]TY :I* TAKES ! %APE ( PAT5T1 COPYRI<T1 & T>IFF LEGISLATION1 PAT5T & COPYRI<T LAWS DIRECTLY =BIDD+ COMPETITION1 & T>IFF LAWS PLAC+ COMPETITION AT A FATAL DISADVANTAGE4 

,R5T IS DUE TO ?AT D5IAL ( LIB]TY :I* TAKES ! %APE ( L& MONOPOLY1 VE/+ TITLES TO L& 9 9DIVIDUALS & ASSOCIATIONS :I* DO NOT USE IT1 & !REBY COMPELL+ ! NON-[N+ US]S TO PAY TRIBUTE TO ! NON-US+ [N]S AS A CONDITION ( ADMISSION TO ! COMPETITIVE M>KET4 

,9T]E/ IS DUE TO ?AT D5IAL ( LIB]TY :I* TAKES ! %APE ( MONEY MONOPOLY1 DEPRIV+ ALL 9DIVIDUALS & ASSOCIATIONS1 SAVE SU* AS HOLD A C]TA9 K9D ( PROP]TY1 ( ! RI<T TO ISSUE PROMISSORY NOTES AS CURR5CY1 & !REBY COMPELL+ ALL HOLD]S ( PROP]TY O!R ?AN ! K9D ?US PRIVILEG$1 AS WELL AS ALL NON-PROPRIETORS1 TO PAY TRIBUTE TO ! HOLD]S ( ! PRIVILEG$ PROP]TY = ! USE ( A CIRCULAT+ M$IUM & 9/RUM5T ( CR$IT :I*1 9 ! COMPLEX /AGE ?AT 9DU/RY & COMM]CE HAVE N[ REA*$1 HAS BECOME ! *IEF ESS5TIAL ( A COMPETITIVE M>KET4 

,N[1 ,AN>*ISM1 :I*1 AS ,I HAVE SAID1 IS ! DOCTR9E ?AT 9 ALL MATT]S !RE %\LD BE ! GREATE/ AM\NT ( 9DIVIDUAL LIB]TY COMPATIBLE ) EQUALITY ( LIB]TY1 F9DS ?AT NONE ( !SE D5IALS ( LIB]TY >E NECESS>Y TO ! MA9T5ANCE ( EQUALITY ( LIB]TY1 BUT ?AT EA* & EV]Y ONE ( !M1 ON ! CONTR>Y1 IS DE/RUCTIVE ( EQUALITY ( LIB]TY4 ,!RE=E IT DECL>ES !M UNNECESS>Y1 >BITR>Y1 OPPRESSIVE1 & UNJU/1 & DEM&S !IR IMM$IATE CESSATION4 

,( !SE F\R MONOPOLIES - ! BANK+ MONOPOLY1 ! L& MONOPOLY1 ! T>IFF MONOPOLY1 & ! PAT5T & COPYRI<T MONOPOLY - ! 9JU/ICE ( ALL BUT ! LA/-NAM$ IS MANIFE/ EV5 TO A *ILD4 ,! RI<T ( ! 9DIVIDUAL TO BUY & SELL )\T BE+ HELD UP BY A HI<WAYMAN :5EV] HE CROSSES AN IMAG9>Y L9E CALL$ A FRONTI]2 ! RI<T ( ! 9DIVIDUAL TO TAKE POSSESSION ( UNOCCUPI$ L& AS FREELY AS HE TAKES POSSESSION ( UNOCCUPI$ WAT] OR UNOCCUPI$ AIR2 ! RI<T ( ! 9DIVIDUAL TO GIVE HIS ,I,\1 9 ANY %APE :ATSOEV]1 UND] ANY GU>ANTEE :ATSOEV]1 OR UND] NO GU>ANTEE AT ALL1 TO ANYONE WILL+ TO ACCEPT IT 9 EX*ANGE = SOME?+ ELSE1 - ALL !SE RI<TS >E TOO CLE> = >GUM5T1 & ANY ONE PRESUM+ TO DISPUTE !M SIMPLY DECL>ES !REBY HIS DESPOTIC & IMP]IALI/IC 9/9CTS4 

,= ! F\R? ( !SE MONOPOLIES1 H[EV]1 - ! PAT5T & COPYRI<T MONOPOLY1 - A MORE PLAUSIBLE CASE CAN BE PRES5T$1 = ! QUE/ION ( PROP]TY 9 IDEAS IS A V]Y SUBTLE ONE4 ,! DEF5D]S ( SU* PROP]TY SET UP AN ANALOGY BETWE5 ! PRODUCTION ( MAT]IAL ?+S & ! PRODUCTION ( AB/RACTIONS1 & ON ! /R5G? ( IT DECL>E ?AT ! MANUFACTUR] ( M5TAL PRODUCTS1 NO LESS ?AN ! MANUFACTUR] ( MAT]IAL PRODUCTS1 IS A LABOR] WOR?Y ( HIS HIRE4 ,SO F>1 SO GOOD4 ,BUT1 TO MAKE \T !IR CASE1 !Y >E OBLIG$ TO GO FUR!R1 & TO CLAIM1 9 VIOLATION ( !IR [N ANALOGY1 ?AT ! LABOR] :O CREATES M5TAL PRODUCTS1 UNLIKE ! LABOR] :O CREATES MAT]IAL PRODUCTS1 IS 5TITL$ TO EXEMPTION FROM COMPETITION4 ,BECAUSE ! ,LORD1 9 HIS WISDOM1 OR ! ,DEVIL1 9 HIS MALICE1 HAS SO >RANG$ MATT]S ?AT ! 9V5TOR & ! AU?OR PRODUCE NATURALLY AT A DISADVANTAGE1 MAN1 9 HIS MI<T1 PROPOSES TO SUPPLY ! DIV9E OR DIABOLIC DEFICI5CY BY AN >TIFICIAL >RANGEM5T ?AT %ALL NOT ONLY DE/ROY ?IS DISADVANTAGE1 BUT ACTUALLY GIVE ! 9V5TOR & AU?OR AN ADVANTAGE ?AT NO O!R LABOR] 5JOYS1 - AN ADVANTAGE1 MOREOV]1 :I*1 9 PRACTICE GOES1 NOT TO ! 9V5TOR & ! AU?OR1 BUT TO ! PROMOT] & ! PUBLI%] & ! TRU/4 

,CONV9C+ AS ! >GUM5T = PROP]TY 9 IDEAS MAY SEEM AT FIR/ HE>+1 IF Y\ ?9K AB\T IT LONG 5\<1 Y\ WILL BEG9 TO BE SUSPICI\S4 ,! FIR/ ?+1 P]HAPS1 TO >\SE Y\R SUSPICION WILL BE ! FACT ?AT NONE ( ! *AMPIONS ( SU* PROP]TY PROPOSE ! PUNI%M5T ( ?OSE :O VIOLATE IT1 CONT5T+ !MSELVES ) SUBJECT+ ! (F5D]S TO ! RISK ( DAMAGE SUITS1 & ?AT NE>LY ALL ( !M >E WILL+ ?AT EV5 ! RISK ( SUIT %ALL DISAPPE> :5 ! PROPRIETOR HAS 5JOY$ HIS RI<T = A C]TA9 NUMB] ( YE>S4 ,N[1 IF1 AS ! ,FR5* WRIT]1 ,ALPHONSE ,K>R1 REM>K$1 PROP]TY 9 IDEAS IS A PROP]TY LIKE ANY O!R PROP]TY1 !N ITS VIOLATION1 LIKE ! VIOLATION ( ANY O!R PROP]TY1 DES]VES CRIM9AL PUNI%M5T1 & ITS LIFE1 LIKE ?AT ( ANY O!R PROP]TY1 %\LD BE SECURE 9 RI<T AGA9/ ! LAPSE ( TIME4 ,&1 ?IS NOT BE+ CLAIM$ BY ! UPHOLD]S ( PROP]TY 9 IDEAS1 ! SUSPICION >ISES ?AT SU* A LACK ( ! C\RAGE ( !IR CONVICTIONS MAY BE DUE TO AN 9/9CTIVE FEEL+ ?AT !Y >E WRONG4 

,! NECESSITY ( BE+ BRIEF PREV5TS ME FROM EXAM9+ ?IS PHASE ( MY SUBJECT 9 DETAIL4 ,!RE=E ,I MU/ CONT5T MYSELF ) DEVELOP+ A S+LE CONSID]ATION1 :I*1 ,I HOPE1 WILL PROVE SUGGE/IVE4 

,I TAKE IT ?AT1 IF IT W]E POSSIBLE1 & IF IT HAD ALWAYS BE5 POSSIBLE1 = AN UNLIMIT$ NUMB] ( 9DIVIDUALS TO USE TO AN UNLIMIT$ EXT5T & 9 AN UNLIMIT$ NUMB] ( PLACES ! SAME CONCRETE ?+S AT ! SAME TIME1 !RE NEV] W\LD HAVE BE5 ANY SU* ?+ AS ! 9/ITUTION ( PROP]TY4 ,UND] ?OSE CIRCUM/ANCES ! IDEA ( PROP]TY W\LD NEV] HAVE 5T]$ ! HUMAN M9D1 OR1 AT ANY RATE1 IF - IT HAD1 W\LD HAVE BE5 SUMM>ILY DISMISS$ AS TOO GROSS AN ABSURDITY TO BE S]I\SLY 5T]TA9$ = A MOM5T4 ,HAD IT BE5 POSSIBLE = ! CONCRETE CREATION OR ADAPTATION RESULT+ FROM ! EF=TS ( A S+LE 9DIVIDUAL TO BE US$ CONTEMPORANE\SLY BY ALL 9DIVIDUALS1 9CLUD+ ! CREATOR OR ADAPT]1 ! REALIZATION1 OR IMP5D+ REALIZATION1 ( ?IS POSSIBILITY1 F> FROM BE+ SEIZ$ UPON AS AN EXCUSE = A LAW TO PREV5T ! USE ( ?IS CONCRETE ?+ )\T ! CONS5T ( ITS CREATOR OR ADAPT]1 & F> FROM BE+ GU>D$ AGA9/ AS AN 9JURY TO ONE1 W\LD HAVE BE5 WELCOM$ AS A BLESS+ TO ALL1 - 9 %ORT1 W\LD HAVE BE5 VIEW$ AS A MO/ =TUNATE ELEM5T 9 ! NATURE ( ?+S4 ,! RAISON D'ETRE ( PROP]TY IS F\ND 9 ! V]Y FACT ?AT !RE IS NO SU* POSSIBILITY1 - 9 ! FACT ?AT IT IS IMPOSSIBLE 9 ! NATURE ( ?+S = CONCRETE OBJECTS TO BE US$ 9 DIFF]5T PLACES AT ! SAME TIME4 ,?IS FACT EXI/+1 NO P]SON CAN REMOVE FROM ANO!R'S POSSESSION & TAKE TO HIS [N USE ANO!R'S CONCRETE CREATION )\T !REBY DEPRIV+ ?AT O!R ( ALL OPPORTUNITY TO USE ?AT :I* HE CREAT$1 & = ?IS REASON IT BECAME SOCIALLY NECESS>Y1 S9CE SUCCESSFUL SOCIETY RE/S ON 9DIVIDUAL 9ITIATIVE1 TO PROTECT ! 9DIVIDUAL CREATOR 9 ! USE ( HIS CONCRETE CREATIONS BY =BIDD+ O!RS TO USE !M )\T HIS CONS5T4 ,9 O!R WORDS1 IT BECAME NECESS>Y TO 9/ITUTE PROP]TY 9 CONCRETE ?+S4 

,BUT ALL ?IS HAPP5$ SO LONG AGO ?AT WE ( TODAY HAVE 5TIRELY =GOTT5 :Y IT HAPP5$4 ,9 FACT1 IT IS V]Y D\BTFUL :E!R1 AT ! TIME ( ! 9/ITUTION1 ( PROP]TY1 ?OSE :O EFFECT$ IT ?OR\<LY REALIZ$ & UND]/OOD ! MOTIVE ( !IR C\RSE4 ,M5 SOMETIMES DO BY 9/9CT & )\T ANALYSIS ?AT :I* CON=MS TO RI<T REASON4 ,! 9/ITUT]S ( PROP]TY MAY HAVE BE5 GOV]N$ BY CIRCUM/ANCES 9H]+ 9 ! NATURE ( ?+S1 )\T REALIZ+ ?AT1 HAD ! NATURE ( ?+S BE5 ! OPPOSITE1 !Y W\LD NOT HAVE 9/ITUT$ PROP]TY4 ,BUT1 BE ?AT AS IT MAY1 EV5 SUPPOS+ ?AT !Y ?OR\<LY UND]/OOD !IR C\RSE1 WE1 AT ANY RATE1 HAVE PRETTY NE>LY =GOTT5 !IR UND]/&+4 ,& SO IT HAS COME AB\T ?AT WE HAVE MADE ( PROP]TY A FETI%2 ?AT WE CONSID] IT A SACR$ ?+2 ?AT WE HAVE SET UP ! GOD ( PROP]TY ON AN ALT> AS AN OBJECT ( IDOL-WOR%IP2 & ?AT MO/ ( US >E NOT ONLY DO+ :AT WE CAN TO /R5G!N & P]PETUATE HIS REIGN )9 ! PROP] & ORIG9AL LIMITS ( HIS SOV]EIGNTY1 BUT ALSO >E MI/AK5LY 5DEAVOR+ TO EXT5D HIS DOM9ION OV] ?+S & UND] CIRCUM/ANCES :I*1 9 !IR PIVOTAL *>ACT]I/IC1 >E PRECISELY ! OPPOSITE ( ?OSE \T ( :I* HIS P[] DEVELOP$4 

,ALL ( :I* IS TO SAY 9 BRIEF] COMPASS1 ?AT FROM ! JU/ICE & SOCIAL NECESSITY ( PROP]TY 9 CONCRETE ?+S WE HAVE ]RONE\SLY ASSUM$ ! JU/ICE & SOCIAL NECESSITY ( PROP]TY 9 AB/RACT ?+S1 - ?AT IS1 ( PROP]TY 9 IDEAS1 - ) ! RESULT ( NULLIFY+ TO A L>GE & LAM5TABLE EXT5T ?AT =TUNATE ELEM5T 9 ! NATURE ( ?+S1 9 ?IS CASE NOT HYPO!TICAL1 BUT REAL1 - NAMELY1 ! IMMEASURABLY FRUITFUL POSSIBILITY ( ! USE ( AB/RACT ?+S BY ANY NUMB] ( 9DIVIDUALS 9 ANY NUMB] ( PLACES AT PRECISELY ! SAME TIME1 )\T 9 ! SLI<TE/ DEGREE IMPAIR+ ! USE !RE( BY ANY S+LE 9DIVIDUAL4 ,?US WE HAVE HA/ILY & /UPIDLY JUMP$ TO ! CONCLUSION ?AT PROP]TY 9 CONCRETE ?+S LOGICALLY IMPLIES PROP]TY 9 AB/RACT ?+S1 :]EAS1 IF WE HAD HAD ! C>E & ! KE5NESS TO ACCURATELY ANALYZE1 WE %\LD HAVE F\ND ?AT ! V]Y REASON :I* DICTATES ! ADVISABILITY ( PROP]TY 9 CONCRETE ?+S D5IES ! ADVISABILITY ( PROP]TY 9 AB/RACT ?+S4 ,WE SEE H]E A CURI\S 9/ANCE ( ?AT FREQU5T M5TAL PH5OM5ON1 - ! PRECISE 9V]SION ( ! TRU? BY A SUP]FICIAL VIEW4 

,FUR!RMORE1 W]E ! CONDITIONS ! SAME 9 BO? CASES1 & CONCRETE ?+S CAPABLE ( USE BY DIFF]5T P]SONS 9 DIFF]5T PLACES AT ! SAME TIME1 EV5 !N1 ,I SAY1 ! 9/ITUTION ( PROP]TY 9 CONCRETE ?+S1 ?\< UND] ?OSE CONDITIONS MANIFE/LY ABSURD1 W\LD BE4' 9F9ITELY LESS DE/RUCTIVE ( 9DIVIDUAL OPPORTUNITIES1 & !RE=E 9F9ITELY LESS DANG]\S & DETRIM5TAL TO HUMAN WELF>E1 ?AN IS ! 9/ITUTION ( PROP]TY 9 AB/RACT ?+S4 ,= IT IS EASY TO SEE ?AT1 EV5 %\LD WE ACCEPT ! RA!R />TL+ HYPO!SIS ?AT A S+LE E> ( CORN IS CONT9UALLY & P]MAN5TLY CONSUMABLE1 OR RA!R 9CONSUMABLE1 BY AN 9DEF9ITE NUMB] ( P]SONS SCATT]$ OV] ! SURFACE ( ! E>?1 /ILL ! LEGAL 9/ITUTION ( PROP]TY 9 CONCRETE ?+S ?AT W\LD SECURE TO ! S[] ( A GRA9 ( CORN ! EXCLUSIVE USE ( ! RESULTANT E> W\LD NOT1 9 SO DO+1 DEPRIVE O!R P]SONS ( ! RI<T TO S[ O!R GRA9S ( CORN & BECOME EXCLUSIVE US]S ( !IR RESPECTIVE H>VE/S2 :]EAS ! LEGAL 9/ITUTION ( PROP]TY 9 AB/RACT ?+S NOT ONLY SECURES TO ! 9V5TOR1 SAY1 ( ! /EAM 5G9E ! EXCLUSIVE USE ( ! 5G9ES :I* HE ACTUALLY MAKES1 BUT AT ! SAME TIME DEPRIVES ALL O!R P]SONS ( ! RI<T TO MAKE = !MSELVES O!R 5G9ES 9VOLV+ ANY ( ! SAME IDEAS4 ,P]PETUAL PROP]TY 9 IDEAS1 !N1 :I* IS ! LOGICAL \TCOME ( ANY !ORY ( PROP]TY 9 AB/RACT ?+S1 W\LD1 HAD IT BE5 9 =CE 9 ! LIFETIME ( ,JAMES ,WATT1 HAVE MADE HIS DIRECT HEIRS ! [N]S ( AT LEA/ N9E-T5?S ( ! N[ EXI/+ WEAL? ( ! WORLD2 &1 HAD IT BE5 9 =CE 9 ! LIFETIME ( ! 9V5TOR ( ! ,ROMAN ALPHABET1 NE>LY ALL ! HI<LY CIVILIZ$ PEOPLES ( ! E>? W\LD BE TODAY ! VIRTUAL SLAVES ( ?AT 9V5TOR'S HEIRS1 :I* IS BUT ANO!R WAY ( SAY+ ?AT1 9/EAD ( BECOM+ HI<LY CIVILIZ$1 !Y W\LD HAVE REMA9$ 9 ! /ATE ( SEMI-B>B>ISM4 ,IT SEEMS TO ME ?AT !SE TWO /ATEM5TS1 :I* 9 MY VIEW >E 9CONTROV]TIBLE1 >E 9 !MSELVES SUFFICI5T TO CONDEMN PROP]TY 9 IDEAS =EV]4 

,IF !N1 ! F\R MONOPOLIES TO :I* ,I HAVE REF]R$ >E UNNECESS>Y D5IALS ( LIB]TY1 & !RE=E UNJU/ D5IALS ( LIB]TY1 & IF !Y >E ! SU/A9+ CAUSES ( 9T]E/1 R5T1 & MONOPOLI/IC PR(IT1 & IF1 9 TURN1 ?IS USURI\S TR9ITY IS ! CAUSE ( ALL VA/ ACCUMULATIONS ( WEAL?1 - = FUR!R PRO( ( :I* PROPOSITIONS ,I MU/1 BECAUSE ( ! LIMITATIONS ( MY TIME1 REF] Y\ TO ! ECONOMIC WRIT+S ( ! ,AN>*I/IC S*OOL1 - IT CLE>LY FOLL[S ?AT ! ADEQUATE SOLUTION ( ! PROBLEM ) :I* ! TRU/S CONFRONT US IS TO BE F\ND ONLY 9 ABOLITION ( !SE MONOPOLIES & ! CONSEQU5T GU>ANTEE ( P]FECTLY FREE COMPETITION4 

,! MO/ S]I\S ( !SE F\R MONOPOLIES IS UNQUE/IONABLY ! MONEY MONOPOLY1 & ,I BELIEVE ?AT P]FECT FRE$OM 9 F9ANCE ALONE W\LD WIPE \T NE>LY ALL ! TRU/S1 OR AT LEA/ R5D] !M H>MLESS1 & P]HAPS HELPFUL4 ,MR4 ,BRYAN TOLD A V]Y IMPORTANT TRU? :5 HE DECL>$ ?AT ! DE/RUCTION ( ! MONEY TRU/ W\LD AT ! SAME TIME KILL ALL ! O!R TRU/S4 ,UNHAPPILY1 ,MR4 ,BRYAN DOES NOT PROPOSE TO DE/ROY ! MONEY TRU/4 ,HE WI%ES SIMPLY TO TRANS=M IT FROM A GOLD TRU/ 9TO A GOLD & SILV] TRU/4 ,! MONEY TRU/ CANNOT BE DE/ROY$ BY ! REMONETIZATION ( SILV]4 ,?AT W\LD BE ONLY A MITIGATION ( ! MONOPOLY1 NOT ! ABOLI%M5T ( IT4 ,IT CAN BE ABOLI%$ ONLY BY MONETIZ+ ALL WEAL? ?AT HAS A M>KET VALUE1 - ?AT IS1 BY GIV+ TO ALL WEAL? ! RI<T ( REPRES5TATION BY CURR5CY1 & TO ALL CURR5CY ! RI<T TO CIRCULATE :]EV] IT CAN ON ITS [N M]ITS4 ,& ?IS IS NOT ONLY A SOLUTION ( ! TRU/ QUE/ION1 BUT ! FIR/ /EP ?AT %\LD BE TAK51 & ! GREATE/ S+LE /EP ?AT CAN BE TAK51 9 ECONOMIC & SOCIAL RE=M4 

,I HAVE TRI$1 9 ! FEW M9UTES ALLOTT$ TO ME1 TO /ATE CONCISELY ! ATTITUDE ( ,AN>*ISM T[>D 9DU/RIAL COMB9ATIONS4 ,IT DISC\NT5ANCES ALL DIRECT ATTACKS ON !M1 ALL 9T]F]5CE ) !M1 ALL ANTI-TRU/ LEGISLATION :ATSOEV]4 ,9 FACT1 IT REG>DS 9DU/RIAL COMB9ATIONS AS V]Y USEFUL :5EV] !Y SPR+ 9TO EXI/5CE 9 RESPONSE TO DEM& CREAT$ 9 A HEAL?Y SOCIAL BODY4 ,IF AT PRES5T !Y >E BANEFUL1 IT IS BECAUSE !Y >E SYMPTOMS ( A SOCIAL DISEASE ORIG9ALLY CAUS$ & P]SI/5TLY AGGRAVAT$ BY A REGIM5 ( TYRANNY & QUACK]Y4 ,AN>*ISM WANTS TO CALL (F ! QUACKS1 & GIVE LIB]TY1 NATURE'S GREAT CURE-ALL1 A *ANCE TO DO ITS P]FECT WORK4 

,FREE ACCESS TO ! WORLD ( MATT]1 ABOLI%+ L& MONOPOLY2 FREE ACCESS TO ! WORLD ( M9D1 ABOLI%+ IDEA MONOPOLY2 FREE ACCESS TO AN UNTAX$ & UNPRIVILEG$ M>KET1 ABOLI%+ T>IFF MONOPOLY & MONEY MONOPOLY1 - SECURE !SE1 & ALL ! RE/ %ALL BE ADD$ UNTO Y\4 ,= LIB]TY IS ! REM$Y ( EV]Y SOCIAL EVIL1 & TO ,AN>*Y ! WORLD MU/ LOOK AT LA/ = ANY 5DUR+ GU>ANTEE ( SOCIAL ORD]4 

,FROM 3 ,FLAG4,BLACK5$4NET4 

,*RONOLOGY 3 
,NOVEMB] #c1 #aig 3 ,P>T #g1 ,*APT] #a -- ,PUBLICATION4 
,FEBRU>Y #b#b1 #bag 3 ,P>T #g1 ,*APT] #a -- ,ADD$4 

 FILE G5]AT$ FROM 3  
HTTP3_/_/REVOLTLIB4COM_/