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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
by 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 agoIn 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 agoDo 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 agoThe 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 agoIt’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.