Lastly, a transaction is either voluntary or it is not. There are no degrees of 'voluntary' if you use the word in the conventional sense.
Lastly, a transaction is either voluntary or it is not. There are no degrees of 'voluntary' if you use the word in the conventional sense.
So if I point a gun at your head and threaten to shoot you if you don't hand over your wallet, you would say that you voluntarily handed over your wallet because that was a fair price for keeping your head intact?
Most people mean something different when they use the word "voluntary".
Edit: Irrelevant comment.
I personally don’t have any control over any food. If I go the supermarket, they threaten to starve me if I don’t hand over my money. I believe it is a voluntary choice for me to pay up not to starve.
Like many binary categorizations, this doesn't really work well in the real world, though it's analytically convenient.
If I rescue you from a burning building contingent upon you signing over 90% of your wealth and future earnings first did we engage in a voluntary transaction?
I think you choose to use a redefined "voluntary" to refer to things that are clearly not (a ploy frequently used by certain corporate funded 'libertarian' think tanks). By doing this, a source of relatively unchecked power and profit is protected.
""The purpose of Newspeak was not only to provide a medium of expression for the world-view and mental habits proper to the devotees of IngSoc, but to make all other modes of thought impossible. Its vocabulary was so constructed as to give exact and often very subtle expression to every meaning that a Party member could properly wish to express, while excluding all other meaning and also the possibility of arriving at them by indirect methods. This was done partly by the invention of new words, but chiefly by eliminating undesirable words and stripping such words as remained of unorthodox meanings, and so far as possible of all secondary meaning whatever."
Emphasis mine.
I was saying that you cannot talk about degrees of voluntary. If there are degrees of voluntary, then you end up in a situation where you can argue that any choice is both voluntary and involuntary. Stick a gun in my back and force me to choose to give up my wallet or my life. Is this a voluntary transaction, since, in the end, I make the choice? I would say it is absolutely involuntary.
Of course, stating that there are degrees of “voluntary” is a typical ploy by socialists to justify having the state loot their citizens.
A transaction at gunpoint is clearly not voluntary.
But what if I take you out partying, get you loaded up on tequila shots? Can you still make a voluntary transaction?
What if I know that you are cheating on your wife and hint that I won't say anything to her if you sold me your car for $100? In some sense of the word - this would be a voluntary transaction. At the same time, there's not much of a choice to be made.
Last theoretical scenario - I'm a steel tycoon and a multi-billionaire and I decide to buy up all the freight companies and airlines. You can ship whatever products you want on via my transport companies - except steel. You can only ship steel you've purchased from one of my companies. Is your decision to buy my steel voluntary?
A contract made under economic duress is voidable in many cases in the US, and for good reason. Voluntary isn't always as clear-cut as it seems.
- Working a job that requires intense physical labor for $30/hr. and benefits, cons include significant physical impairment starting in your late forties and high risk of serious injury
- Working a job that is largely sedentary for $20/hr. and benefits, cons include serious health risks
- Work a third shift part-time job for $40/hr and no benefits, cons include inconsistent weekly hours, practically no career advancement, and considerable disadvantage to your retirement (no 401k matching), huge risk if anyone in your family needs medical care (definitely put off having kids)
- Go (back, sometimes) to school, cons include significant debt and opportunity costs, coupled with the risk of no career options (went into welding, factory closed, etc.)
Many people in America have no real "good" options, so while yeah, their choices are always kind of "voluntary", there's almost always a big asterisk next to it.
If that were true there would be no such thing as coercion. There would be 'forced to do it' or 'not forced to do it' not more subtle levels where varying levels of unpleasant pressure is brought to bear.
And, second question, should involuntary transactions be considered illegitimate like slavery or a mugging?