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There is plenty left in the libertarian philosophy even if you take away the concept of idly sitting by, watching perverse, runaway growth. For example, ideas l
by feanaro 8y ago
There is plenty left in the libertarian philosophy even if you take away the concept of idly sitting by, watching perverse, runaway growth. For example, ideas like bounding government power and reducing it to a few minimum functions and letting the market handle most things by itself. This does not necessarily imply letting the market go completely unchecked and requiring it to serve every need.
I think that decentralization of power is one of those profoundly libertarian ideas that is not often explicitly recognized as one.After all, a corporation in which power is extremely centralized is hard to differentiate from a government. Furthermore, if there is no one keeping it in any kind of check, what is preventing it from becoming a totalitarian government?
Markets work best when there is at least some level of decentralization. In other words, when you don't let any entity acquire a significant portion of total power.