3 Things That Make Libertarian Heads Explode

[xchrom]

http://www.alternet.org/economy/3-things-make-libertarian-heads-explode

***SNIP

1. The inequality problem: Why do some people end up with most of the toys? The fact that in a capitalist system, money seems to flow into the hands of the few is a source of big headaches for many libertarians, though not all—some seem to regard any market outcome as the hand of God herself.

***SNIP

2. The public goods problem. In the libertarian utopia, you would find nothing but individuals making private transactions in private markets. Those exchanges between individuals would always be fair, because the laws of supply and demand would make sure that you got the things you need at a fair price. You want a pizza, you buy a pizza from a pizzeria, which makes it for you at a reasonable price. Everybody’s happy.

***SNIP

3. The regulation problem. Libertarians famously oppose government regulation of business. They assume that markets do not need any regulation because they are naturally competitive, and in competitive markets, good ideas and products will flourish, and bad ones will be punished (clearly, they haven’t watched cable TV lately). For them, competition is the great creative force of the universe and the best human endeavors are the result of people beating their rivals.

[sendero]

1. Summary..

.... when it comes to business and economics, Libertarians are fucking stupid.

[xchrom]

2. !

[KG]

3. the only people that believe in a libertarian utopia are low-wage working-class droners

who think it's is their path to big money. those with big money know it's all a rigged game they happened to win.

[Pholus]

4. Is this out of date? Seems like mainstream Republicanism as well!

I remember growing up with the dinner conversations being about how whacked and scary the libertarians were.

Now we have to live that stuff.