Good one. I am surrounded by "libertarians" and I find myself in a constant struggle to understand their perspective which seems at once libertine and also oddly repressive. Yes, to legalizing all and sundry but with a tacit acceptance, even fawning over, already existing wealth and power. This essay highlights some important points that shed real light. There are very few really working markets, you do not become extremely wealthy via labor or brilliance, and the far left understands markets better than the libertarians who generally argue for them.
Michael Hudson does a good job of talking about traditional liberalism and how poorly it is reflected in the current "capitalist" economy. My worry is that no matter how well regulated market driven economies seem to create monopolies with all that entails. I think we would need to move to a primarily non-market system to avoid this. https://michael-hudson.com/2016/03/the-inversion-of-classical-economics/
Good one. I am surrounded by "libertarians" and I find myself in a constant struggle to understand their perspective which seems at once libertine and also oddly repressive. Yes, to legalizing all and sundry but with a tacit acceptance, even fawning over, already existing wealth and power. This essay highlights some important points that shed real light. There are very few really working markets, you do not become extremely wealthy via labor or brilliance, and the far left understands markets better than the libertarians who generally argue for them.
Michael Hudson does a good job of talking about traditional liberalism and how poorly it is reflected in the current "capitalist" economy. My worry is that no matter how well regulated market driven economies seem to create monopolies with all that entails. I think we would need to move to a primarily non-market system to avoid this. https://michael-hudson.com/2016/03/the-inversion-of-classical-economics/