by STEPHAN KINSELLA on MARCH 8, 2013
The Economics of World Government
A transcript of the Lew Rockwell Show episode 130 of Hans-Hermann Hoppe at the 2009 Mises University talking about the economics of political centralization
Recently by Hans-Hermann Hoppe: On the Impossibility of Limited Government and the Prospects for a Second American Revolution
ANNOUNCER: This is the Lew Rockwell Show.
ROCKWELL: Recently, at the 2009 Mises University, Professor Hans-Hermann Hoppe talked about the economics of political centralization. What is it that brings about unification, unfortunate unification and centralization within a country like the United States where the states gradually become irrelevant under an all-powerful D.C., and, for that matter, drives countries to join together into an even worse situation, of course, a world government?
Here’s Dr. Hoppe.
HOPPE: OK, I will begin my lecture.
At the beginning, I want to repeat a few points that I have made in my previous lecture on law and economics, and then I want to get to an entirely different subject than the one that I dealt with in that previous lecture.
Because there is a scarcity in the world, we can have conflicts regarding these scarce resources. And because conflicts can exist whenever and wherever there exists scarcity, we do need norms to regulate human life. Norms – the purpose of norms is to avoid conflicts. And in order to avoid conflicts regarding scarce resources, we need rules of exclusive ownership of such scarce resources or, to say exactly the same, we need property rights to determine who is entitled to control what and who is not entitled to control what.