Liberty and Property.pdf - The Ludwig von Mises Institute
Liberty and Property.pdf - The Ludwig von Mises Institute
Liberty and Property.pdf - The Ludwig von Mises Institute
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<strong>Liberty</strong> <strong>and</strong> <strong>Property</strong> 15II<strong>The</strong> pre-capitalistic systemof product was restrictive. Its historicalbasis was military conquest. <strong>The</strong>victorious kings had given the l<strong>and</strong> to theirpaladins. <strong>The</strong>se aristocrats were lords inthe literal meaning of the word, as they didnot depend on the patronage of consumersbuying or abstaining from buying on amarket. On the other h<strong>and</strong>, they themselveswere the main customers of the processingindustries which, under the guild system,were organized on a corporative scheme.This scheme was opposed to innovation. Itforbade deviation from the traditional methodsof production. <strong>The</strong> number of peoplefor whom there were jobs even in agricultureor in the arts <strong>and</strong> crafts was limited.Under these conditions, many a man, to use15