The Yoke of Co-operative Service
135
adultery is a threat to the integrity of the free market’s contractual
order.
Sowell’s analysis is superb. If the following paragraph were un-
derstood and implemented by societies that regard themselves as
Christian – and even by societies that do not regard themselves as
Christian – the world would prosper economically. Writes Sowell:
“Someone who is going to work for many years to have his own home
wants some fairly rigid assurance that the house will in fact belong to
him – that he cannot be dispossessed by someone who is physically
stronger, better armed, or more ruthless, or who is deemed more
‘worthy’ by political authorities. Rigid assurances are needed that
changing fashions, mores, and power relationships will not suddenly
deprive him of his property, his children, or his life. Informal rela-
tionships which flourish in a society do so within the protection of
formal laws on property, ownership, kidnapping, murder, and other
basic matters on which people want rigidity rather than continuously
negotiable or modifiable relationships .“20
Libertarian Contracts
A major theoretical dilemma for the modern libertarian or
anarcho-capitalist is the problem of the lifetime contract. Each man
is seen as the absolute owner of his own body. He therefore can legit-
imately make contracts with other men that involve his own labor
services. He is absolute~ sovereign over his own person. This is the
theoretical foundation of almost all libertarian thought. “The central
core of the libertarian creed, then, is to establish the absolute right to
private property of every man: first, in his own body, and second, in
the previous unused natural resources which he first transforms by
his labor. These two axioms, the right of self-ownership and the right
to ‘homestead,’ establish the complete set of principles of the liber-
tarian system.”21
But then there arises the problem of slavery: the kj2time contract.
Man, the absolute sovereign agent, seems to be able to sign away hti
autonomy in such a contract. To say that man cannot legitimately sign
such a contract — that such a contract is not morally or legally
binding – is to say that there are limits placed on this autonornou”s
sovereignty of man. This is the libertarian’s version of the old ques-
20. Ibid., p. 32.
21. Murray N. Rotbbard, For a New Liber@ The Libertarian Man~esto (rev. ed.;
New York: Collier, 1978), p. 39.