Economic secession
Economic secession has been variously defined. In its narrowest sense, it is abstention from the state's economic system, such as by replacing the use of government money with barter, Local Exchange Trading Systems, or commodity money such as gold.
In 2003, John T. Kennedy used the term to refer to all human action that is forbidden by the state[1] and explains economic secession as tax avoidance or refusal to follow regulations as a method to reduce government control.
Economic secession takes government out of the equation in making economic decisions. Trading happens through payment in-kind, cash, and barter.[2]
Economic secession is a way for the individuals to withdraw their wealth for both economic and political reasons. If individuals disagree with the use of tax money to fund a political agenda, they use economic secession as a means of privately protesting the control of government in their lives. The opinion that government is too involved in society fuels individuals to withdraw economically and view their withdrawal from the government system as a moral stand.[3]
See also[edit]
- Agorism
- Alternative currency
- Bitcoin
- Complementary currency
- Digital gold currency
- eCache
- Local currency
- Mutualism (economic theory)
- Ripple monetary system
- Tax avoidance and tax evasion
- Tax resistance
- Underground economy
- Ven (currency)
References[edit]
- ↑ Kennedy, John T. (18 March 2003). "Economic Secession". anti-state.com. Archived from the original on 2003-06-22. Unknown parameter
|url-status=ignored (help) - ↑ Gibson, Mike (2010-07-01). "Secession Week 2010: Economic Secession". Let A Thousand Nations Bloom. Retrieved 2017-05-24.
- ↑ Wolfe, Claire (2007-09-27). "Economic Secession? A Rebuttal". Sierra Times. Archived from the original on 2007-09-27. Retrieved 2017-05-24. Unknown parameter
|url-status=ignored (help)
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