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The failure of the voluntary methods—whether in the form of codes of ethics or appeals to business ‘cooperation’—to effectively restrain such competi… - Butler D. Shaffer
" "The failure of the voluntary methods—whether in the form of codes of ethics or appeals to business ‘cooperation’—to effectively restrain such competitive conditions as price reduction, aggressive sales promotions, and challenges to a competitor's existing markets and clientele caused business leaders to turn to political methods to accomplish their objectives. Recalling Mancur Olson's analysis, where large groups are involved, ‘coercion’ or some other ‘special device’ is necessary to cause individuals to conform their behavior to what is in the interests of the group. It was recognized that the lack of effective means for enforcing restrictive agreements in the marketplace could be overcome by having trade practice standards enforced by political agencies that possessed the requisite coercive machinery.
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About Butler D. Shaffer
Butler D. Shaffer (January 12, 1935 – December 29, 2019) was an American author, law professor and speaker, known for his numerous libertarian books and blog articles for LewRockwell.com.
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Additional quotes by Butler D. Shaffer
Almost all of us have been raised in the belief that political institutions are necessary to provide order and harmony in society. In fact, we have been taught that the political State is synonymous with society itself; that the political State energizes and organizes society, creates and protects human rights, and make economic and social life possible.
The problem with all of this, as historians advise us, is that the institutionalization of the systems that produce the values upon which a civilization depends, ultimately bring about the destruction of that civilization. Arnold Toynbee observed that a civilization begins to break down when there is ‘a loss of creative power in the souls of creative individuals,’ and, in time, the ‘differentiation and diversity’ that characterized a dynamic civilization, is replaced by ‘a tendency towards standardization and uniformity.’ The emergence of a ‘universal state,’ and increased militarism, represent later stages in the disintegration of a civilization.
To Toto fell the task of exposing the humbuggery that manipulated both the institutional machinery and followers. Because he did not share his companions’ trembling reverence for established wizardry, this free-spirited, tagalong mutt was able to approach the screen that separated the leaders from the followers. In knocking over that screen, however, Toto did far more than simply reveal the systematic bamboozlement of the Ozians. He also made it possible for his companions to discover that the personal qualities they had labored to earn as institutionally-bestowed rewards, were qualities that had always been within themselves. In believing that the virtues they sought lay outside themselves, and that some institutional alchemy could convert their leaden instincts to golden conduct (to paraphrase Herbert Spencer), they had set themselves up to be manipulated and exploited for the benefit of institutional interests.
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