The Answer Is Transaction Costs

Parasites And Property Rights

June 23, 2026·50 min
Episode Description from the Publisher

Send us Fan Mail We follow the idea of the “social parasite” through socialist writing and show how it shifts from moral accusation to an enforceable legal category once society claims ownership over individual labor. We argue that the transaction costs of monitoring effort and assigning “socially useful” work push real-world socialism toward surveillance, coercion, and punishment. • socialist critique of wage labor as work or starve • transaction costs as defining, monitoring, and enforcing ...

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