Glossary of Free Market Terms

   Both Liberal and GOP verbiage have redefined many of our socio-political-economic terms to mean the exact opposite of, or something completely different than, their original meanings.

   Because we now live in the Newspeak of George Orwell's novel, 1984, Free Market Duck provides the reader with the following Glossary of original definitions.  This serves multiple purposes:

1.  Not having to constantly define words and terms such as individual rights or free market capitalism in every piece of commentary that we write.

2.  Teaching younger readers the true, original definitions of the words used by our Forefathers as they embodied their ideas from The Age of Enlightenment, liberty and individual rights, into their founding documents:  (1) the Declaration of Independence, (2) The U.S. Constitution and Bill of Rights, and (3) the Federalist Papers.

Capitalism -- Economic organization based upon the free market and inherent individual rights.

Communism -- Economic organization based upon a dictator pretending to administer equal distribution of services and commodities to everybody.  A form of socialism.

Collectivism -- An erroneous concept of anthropomorphizing individual rights to groups such as society or the public.  Illogical basis for social organizations such as democracies, socialism, fascism, communism, or any collective.  Opposite of individual freedom, individual rights, the free market, and limited constitutional republics.

Democracy -- Often called democratic majority rule.  Social organization in which a simple majority (over 50%) rules.  The U.S. is not a Democracy.  It is a Limited Constitutional Republic since the Bill of Rights prohibits infringements against the minority, the individual.

Fascism -- Social organization in which the government sets economic rules but does not physically take over businesses.

Free Market -- Social organization in which individuals control the means of production.

Individual Freedom -- Inherent freedom obtained at birth by all individuals regardless of geographical location, gender, or heredity.

Individual Rights -- Freedoms obtained at birth by all individuals by the fact of their existence.

Limited Constitutional Republic -- A constitutional government based upon individual rights inherently obtained from Nature while the government's only role is to protect individual rights.  The original U.S. Constitution and Bill of Rights came close.

Rights to Give or Exchange -- Individual freedoms of voluntary exchanges of ideas, services, or commodities by consenting adults.  Basis for a free market.

Rights to Receive -- An oxymoron since no adult has the inherent right to demand commodities or services from anybody else.  Any attempt to implement "rights to receive" must result in the contradiction of reciprocal slavery, or reciprocal involuntary servitude.

Socialism -- Social organization in which the government directly controls the means of production (as opposed to fascism, see above, in which the government sets up rules but does not physically take over each business).

Statism -- Collectivism with the state being the Collective.

      back to top...