Following Franz Oppenheimer and Albert Jay Nock, Rothbard regards the state as a predatory entity. It does not produce anything, but rather steals resources from those engaged in production. In applying this view to American history, Rothbard makes use of the work of John C. Calhoun. Narrated by Harold Fritsche. Music by Kevin McLeod. The full text is available online here. This audiobook is also available on Soundcloud, Apple Podcasts, Google Podcasts, and via RSS.