I just wanna throw this out there for the Austrians to think about.
Problem, there are lots of people in the world who do not have the means to support themselves.
They have no education or fertile land and or skills that they can trade for food and shelter. They have many children, and many of these children will die before they are 5 years old, of the survivors, they have little chance of ever being educated or improving their life situation.
Introduce Property Rights!
Libertarians believe as individuals we "own" ourselves. Most libertarians I have spoken to also say that children are too young to contract, but their parents can contract on their behalf.
Libertarians and austrians believe that 'free contracts' are binding and generally place no limits on what these contracts can extend to cover as long as they are 'free'.
Solution to global poverty.
Allow parents to sell their children into slavery.
The reason why the children die now, is because nobody has an economic interest in preserving them. If they were sold, they would have owners, and those owners would have an interest in feeding them, keeping them healthy and clothing them and sending them to some kind of education (if only how to stitch zips onto levis)
The kids could work as slaves obeying their owners and not running away (as running away would be theft of the owners property until they reach the 'age of reason' when the parents contract would expire and the adolescant would be 'free' to either renew that contract or leave and do whatever he/she wanted.
The parents similarly could sell themselves into slavery in exchange for the same, food clothes and shelter.
"Voluntary slavery" would guarantee that these people would be protected by the property owners who would act in their own interest (they paid for the slaves, they have an economic interest in keeping them in good condition)
The reason for this is that 'Strong Property rights' always ensure optimum outcomes.
With all this cheap labour around, the prices of goods and services would fall. Lower prices of goods and services is something that Austrians and Libertarians are all in favour of. It is irrelevant if the slave owners become billionaires and turn more and more people into 'voluntary slaves'. Productivity would increase, prices would come down, and the individuals would be making 'free' choices and 'volunteer' to become slaves.
I'm finally coming around to this property rights thing. Can't see a single inconsistency in any of the arguments I just made. Property rights are just swell, sure can't wait till we're all free



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