The Acadian Community: An Anarcho-Capitalist Success Story – Loans for Stock in Austria

By
On August 26, 2022
Tags:

While anarcho-capitalism is an ideology, there have been a handful of historical precedents that confirm it to be achievable in the real world. Some of the most common examples are the Old West, Medieval Iceland, and Cospaia. There is another wonderful experiment in statelessness that has gone largely unrecognized until recently: Acadia, Nova Scotia.

In 2020, economists Rosolino Candela and Vincent Geloso published a paper that explored the French colony’s history from 1650 to 1755 in great detail. The paper drew on years of research, giving us a very clear view of the governance and economy of Acadia. The research will hopefully bring more light to the feasibility of stateless societies.

Historians estimate the population of French settlers to have peaked at around sixteen thousand residents. The Acadians were largely religious (Catholic) and maintained a very libertarian mindset when it came to private property rights and personal liberties. Many of the Acadians came from a feudalistic landscape in which they were not allowed to own property, so their new life in North America was ripe with opportunity.

Anarchism

Geloso and Candela describe Acadia as being in “relative statelessness” after the 1650s. While they were technically under France rule, they largely ignored the French state and didn’t directly or indirectly pay taxes. France performed censuses from 1671 to 1707, which kept track of the Acadians’ wealth, but taxing them was far too much of a hassle to go through.

Despite their dislike of the state, the Acadians held a very hierarchical society. Equal redistribution and collective property were nowhere to be found. Certain families built more wealth, but this was hardly a bad thing. The social division of labor benefited the entire society with great amounts of wealth, and the hierarchies were well structured and fair.

The Acadians faithfully attended church services and participated in sacraments. These activities were vital in bonding the communities together.

The parish assemblies were the main substitute for the state. They were a noncoercive and voluntary political structure established to solve large and important issues through collective decision-making. Heads of households and delegates appointed by the people constituted the assemblies. Decision-making was usually nondivisive and quite unanimous, and typically had comparatively high participation rates. Conflict resolution was swift and just, and something any fan of Rothbard or Hoppe would find quite appealing.

Alongside the Acadians, there lived the native Mi’kmaq, who numbered around 3,250. The Mi’kmaq were seminomadic and famously had very loose political structures, which could be classified as stateless. One of the most important things in Mi’kmaq culture is an emphasis on family and kinship. With these family structures, Mi’kmaqs were able to build strong communities without the need for a state, like the Acadians. The Acadians and Mi’kmaq built a very close relationship that was only strengthened by their dislike of oppressive states. Historian David Jones wrote that the Acadians

lived largely free of the continual threat of imminent native attack or insurrection, a luxury enjoyed by few other settler frontiers on the continent.

The relationship between the two peoples was arguably one of the most peaceful in North America, far more peaceful than white-Indian relations in neighboring Quebec. The peoples frequently engaged in trade and intermarried. The Acadians shared their Catholic faith, which was seen as compatible with the traditional Mi’kmaq faith.

In 1733, the British crown took control of the area; they continued France’s relatively hands-off approach. The British did require the Acadians to swear an oath of allegiance, but they refused to swear it without concessions that exempted them from bearing arms against the French or Mi’kmaqs, upheld their private property rights, and upheld freedom of religion. British army officer Paul Mascarene said of the Acadians in 1720:

All the orders sent to them if not suiting to their humors, are scoffed and laughed at, and they put themselves upon the footing of obeying no Government.

Capitalism

One of the most impressive things about Acadia was its incredible wealth. The free-market system and open trade with the Mi’kmaq made Acadia even more wealthy than France, and the quality of life there far better. While there was some inequality, most peasants owned their land and were able to make comfortable lives for themselves. Historian Gregory Kennedy described the Acadians as

very market-oriented, organizing their farming to take best account of the trading opportunities available.

Acadian farmers and hunters produced a great surplus of supplies, and these were then traded for materials not available locally, such as metals, manufactured goods, and consumer goods. Furs and fish were the top export items, and were highly sought by France.

Expulsion

Sadly, in August of 1755, the peace and prosperity of the Acadians came to an end when they were ethnically cleansed by the British state under the orders of Brigadier-General Charles Lawrence, resulting in the death of 55 percent of the population. The British did this for many different reasons, such as their disdain for the Acadians’ unconventional methods and lifestyles, jealousy of their success and wealth, and hatred of their relationship with the natives. Not all the British felt this action was needed, however. Murray Rothbard wrote in Conceived in Liberty, volume 2:

Shortly after the expulsion began, Lawrence received the king’s order not to molest the Acadians. Reasoning as the typical bureaucrat, Lawrence rationalized his disobeying the king’s order: once begun, even if in error, the expulsion process could not be reversed!

Had the expulsion not been carried through, it is very likely that Acadia would have continued to flourish, and its model of governance and economy would have grown far and wide throughout North America.

———

Global Securities Lenders specializes in custom liquidity solutions for those seeking to leverage concentrated market positions quickly, conveniently, and confidentially. We provide flexible terms and low interest rates specifically designed with your goals in mind. GSL recently announced our goal of working in Austria to provide securities lending to companies and high net worth individuals.

Securities-based lending, or a stock loan, is the practice of using market investments such as stocks, ETF’s, warrants, bonds, or real estate investment trusts as collateral for a loan. If you own free-trading, non-restricted stock on a major world exchange that trades at a minimum volume of $30,000 USD daily, you can qualify for a non-recourse, collateralized stock loan from one of our valued lenders in record time! Get an instant quote to see if you qualify.

Original Article: Read More

Original Source: Mises Wire

Categories:

Let's Start a Conversation

Instant Quote

Please fill out your information to see if you are pre-qualified.

Enter the Stock Symbol.

Select the Exchange.

Please enter your First Name.

Please enter your Last Name.

Please enter your phone number.

Please enter your Email Address.

Please enter or select the Total Number of Shares you own.

Please enter or select the Desired Loan Amount you are seeking.

Please select if you are an Officer/Director.

Global Securities Lenders, LLC may only offer certain information to persons who are “Accredited Investors” and/or “Qualified Clients” as those terms are defined under applicable Federal Securities Laws. In order to be an “Accredited Investor” and/or a “Qualified Client”, you must meet the criteria identified in ONE OR MORE of the following categories/paragraphs numbered 1-20 below.

Global Securities Lenders, LLC cannot provide you with any information regarding its Loan Programs or Investment Products unless you meet one or more of the following criteria. Furthermore, Foreign nationals who may be exempt from qualifying as a U.S. Accredited Investor are still required to meet the established criteria, in accordance with Global Securities Lenders, LLC’s internal lending policies. Global Securities Lenders, LLC will not provide information or lend to any individual and/or entity that does not meet one or more of the following criteria:

1) Individual with Net Worth in excess of $1.0 million. A natural person (not an entity) whose net worth, or joint net worth with his or her spouse, at the time of purchase exceeds $1,000,000 USD. (In calculating net worth, you may include your equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Your inclusion of equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property.)

2) Individual with $200,000 individual Annual Income. A natural person (not an entity) who had individual income of more than $200,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

3) Individual with $300,000 Joint Annual Income. A natural person (not an entity) who had joint income with his or her spouse in excess of $300,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

4) Corporations or Partnerships. A corporation, partnership, or similar entity that has in excess of $5 million of assets and was not formed for the specific purpose of acquiring an interest in the Corporation or Partnership.

5) Revocable Trust. A trust that is revocable by its grantors and each of whose grantors is an Accredited Investor as defined in one or more of the other categories/paragraphs numbered herein.

6) Irrevocable Trust. A trust (other than an ERISA plan) that (a)is not revocable by its grantors, (b) has in excess of $5 million of assets, (c) was not formed for the specific purpose of acquiring an interest, and (d) is directed by a person who has such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of an investment in the Trust.

7) IRA or Similar Benefit Plan. An IRA, Keogh or similar benefit plan that covers only a single natural person who is an Accredited Investor, as defined in one or more of the other categories/paragraphs numbered herein.

8) Participant-Directed Employee Benefit Plan Account. A participant-directed employee benefit plan investing at the direction of, and for the account of, a participant who is an Accredited Investor, as that term is defined in one or more of the other categories/paragraphs numbered herein.

9) Other ERISA Plan. An employee benefit plan within the meaning of Title I of the ERISA Act other than a participant-directed plan with total assets in excess of $5 million or for which investment decisions (including the decision to purchase an interest) are made by a bank, registered investment adviser, savings and loan association, or insurance company.

10) Government Benefit Plan. A plan established and maintained by a state, municipality, or any agency of a state or municipality, for the benefit of its employees, with total assets in excess of $5 million.

11) Non-Profit Entity. An organization described in Section 501(c)(3) of the Internal Revenue Code, as amended, with total assets in excess of $5 million (including endowment, annuity and life income funds), as shown by the organization’s most recent audited financial statements.

12) A bank, as defined in Section 3(a)(2) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

13) A savings and loan association or similar institution, as defined in Section 3(a)(5)(A) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

14) A broker-dealer registered under the Exchange Act.

15) An insurance company, as defined in Section 2(13) of the Securities Act.

16) A “business development company,” as defined in Section 2(a)(48) of the Investment Company Act.

17) A small business investment company licensed under Section 301 (c) or (d) of the Small Business Investment Act of 1958.

18) A “private business development company” as defined in Section 202(a)(22) of the Advisers Act.

19) Executive Officer or Director. A natural person who is an executive officer, director or general partner of the Partnership or the General Partner, and is an Accredited Investor as that term is defined in one or more of the categories/paragraphs numbered herein.

20) Entity Owned Entirely By Accredited Investors. A corporation, partnership, private investment company or similar entity each of whose equity owners is a natural person who is an Accredited Investor, as that term is defined in one or more of the categories/paragraphs numbered herein.

Please read the notice above and check the box below to continue.

Contact GSL

Please use our Instant Quote form to see if you're pre-qualified for a non-recourse stock loan, or if you have any questions or feedback, please email, call or chat with us.

+1 (954) 648-5454
2805 E Oakland Park Blvd #307, Fort Lauderdale, FL 33308 USA
Open 24 hours a day / 7 days a week / 365 days a year

Frequently Asked Questions

What Is Securities-Based Lending?

Securities-based lending, or a stock loan, is the practice of using market investments such as stocks, ETF’s, warrants, bonds, or real estate investment trusts as collateral for a loan.

How much money can I get for my securities?

Borrow up to 70% of the value of your pledged investments giving you the capital you need to expand your business, purchase real estate, or tackle a costly project.

What happens if my securities lose value?

With a non-recourse stock loan, you can walk away from your securities at any time and keep the loan money with no negative credit consequences even if the investments lose value.

Is my information safe with GSL?

We pride ourselves on outstanding service and make client confidentiality our top priority. You can always be absolutely certain your information is safe with us.

How long does it take for the disbursement of funds?

Most of the transactions we process take less than 7 days from application to the disbursement of funds giving you cash quickly when you need it most.

What credit score do I need to qualify?

There are no credit checks or personal guarantees necessary with our services. Your pledged securities are the only collateral required for the loan you receive.

Contact Us

Florida Office

2805 E Oakland Park Blvd #307
Fort Lauderdale, FL 33308

Call Us

+1 (954) 648-5454‬

Market Coverage