[I]t was very hard to convince people that competition was not immoral. Lending was not immoral. And trading was not immoral.
That’s because it often wasn’t.
Competition functions only when credit is relatively equal to access. Lending only when not hazard-producing or predatory. And trading when not a contrived artificial scarcity.
Hence why morality (rational cooperation) requires PRODUCTIVE fully informed, warrantied, voluntary exchange, free of externality of the same criteria.
And why BLACKMAIL is immoral, and why the NAP/IVP is immoral.
IF IT ISN’T PRODUCTIVE IT’S PARASITIC.