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That's cronyism, and has no relation to Libertarianism whatsoever. Libertarians will never support government bailouts, as the only way they are possible is by

by 34679 6y ago

That's cronyism, and has no relation to Libertarianism whatsoever. Libertarians will never support government bailouts, as the only way they are possible is by taking money from someone more productive to give to someone less productive, backed by the threat of force. Nothing Libertarian about that.

Ididntdothis 6y ago
Libertarianism is the free market version of Communism. Maybe it will be good if it reaches a pure implementation but in reality it has never been achieved and probably never will be. If Libertarianism isn’t implemented fully then it will almost for sure devolve into cronyism. It can only work if there is no way to influence government or courts to do things your way. It also can’t really deal with things like pandemics or probably even war. In a pandemic you would have a lot of people die before the truly free market figures out which treatments work and which are scam.
- 34679 6y ago
  In the US, it was the catastrophic failure of government that led to inadequate testing and fears of ventilator shortages. Businesses stepped up with tests that work and factories shifted production to ventilators and PPE to rapidly make up the shortfall.
  - Ididntdothis 6y ago
    Do you think business would have planned for this? I agree that government has failed but I doubt business would have done any better. Who would pay for stockpiling supplies?
    - 34679 6y ago
      The ones that did plan for this would have made an obscene profit, so that would lead me to believe that some businesses would indeed plan for this. But I'll admit I have no way of knowing.
      - Ididntdothis 6y ago
        It’s hard to prepare for a black swan event. Most likely you will run out of money before the event. As a company it would be irresponsible to bet on an event that may happen or may not happen for a very long time.
ethbro 6y ago
So Libertarianism cannot exist in a pluralist democracy?
- 34679 6y ago
  Bailouts aren't Libertarian. That's what I'm saying.
  - ethbro 6y ago
    Bailouts are effectively a constant in pluralist democracies. That's what I'm saying.

by 34679 6y ago

Ididntdothis 6y ago

Libertarianism is the free market version of Communism. Maybe it will be good if it reaches a pure implementation but in reality it has never been achieved and probably never will be. If Libertarianism isn’t implemented fully then it will almost for sure devolve into cronyism. It can only work if there is no way to influence government or courts to do things your way. It also can’t really deal with things like pandemics or probably even war. In a pandemic you would have a lot of people die before the truly free market figures out which treatments work and which are scam.

34679 6y ago
In the US, it was the catastrophic failure of government that led to inadequate testing and fears of ventilator shortages. Businesses stepped up with tests that work and factories shifted production to ventilators and PPE to rapidly make up the shortfall.
- Ididntdothis 6y ago
  Do you think business would have planned for this? I agree that government has failed but I doubt business would have done any better. Who would pay for stockpiling supplies?
  - 34679 6y ago
    The ones that did plan for this would have made an obscene profit, so that would lead me to believe that some businesses would indeed plan for this. But I'll admit I have no way of knowing.
    - Ididntdothis 6y ago
      It’s hard to prepare for a black swan event. Most likely you will run out of money before the event. As a company it would be irresponsible to bet on an event that may happen or may not happen for a very long time.

ethbro 6y ago

So Libertarianism cannot exist in a pluralist democracy?

34679 6y ago
Bailouts aren't Libertarian. That's what I'm saying.
- ethbro 6y ago
  Bailouts are effectively a constant in pluralist democracies. That's what I'm saying.