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> But your question contains an unstated assumption: that capitalism leads to "the majority of the citizenry [ending] up in the underclass". No, not capitalism
by thaumaturgy 9y ago
> But your question contains an unstated assumption: that capitalism leads to "the majority of the citizenry [ending] up in the underclass".
No, not capitalism specifically, and that's not a claim I made. (Unless of course you believe that capitalism necessarily leads to the exploitation of the poor.)
> That was the century of the industrial revolution, huge advances in technology and wealth production, and an unprecedented rise in the standard of living.
Even if I agreed with your premise, is it your argument here that those things happened because of libertarianism? Because (a) historians would disagree with you, and (b), you're still stuck with the same problem as every other libertarian: where are all of the 21st century libertarian utopias then? Is it in Galt's Gulch, Chile (https://www.vice.com/en_us/article/bn53b3/atlas-mugged-922-v21n10 https://www.vice.com/en_us/article/bn53b3/atlas-mugged-922-v...)? Is it somewhere in Antarctica, one of few (barely) habitable places on Earth with no government? Is it Mauritius? Liberia? Colorado Springs (https://www.politico.com/magazine/story/2017/06/30/colorado-springs-libertarian-experiment-america-215313 https://www.politico.com/magazine/story/2017/06/30/colorado-...)?