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It occurs to me that the libertarian dilemma you mention, that the unregulated market rewards businesses that restrict liberty in practice, is fairly similar to
by geofft 5y ago
It occurs to me that the libertarian dilemma you mention, that the unregulated market rewards businesses that restrict liberty in practice, is fairly similar to the dilemma Peter Thiel mentions in https://www.cato-unbound.org/2009/04/13/peter-thiel/education-libertarian https://www.cato-unbound.org/2009/04/13/peter-thiel/educatio... , that expanding the franchise brought in voters who do not vote for libertarian ideals. He calls "capitalist democracy" is an oxymoron, and implies that the libertarian must choose one or the other.
In that essay Thiel advocates for capitalism over democracy, and suggests literally escaping to the internet, outer space, or the seas to be free from democracy and find a refuge for capitalism. But I think the better argument for the liberty-minded is to remain within our jurisdictions and choose democracy over capitalism. The rights to vote as you will, and to speak as you will without censorship, and to assemble as you will without restriction, are protected in our Constitution and moreover are widely seen as civic virtues too. The right to run a business as large as you will and acquire whichever other market participants you will is not protected, and we should stop seeing it as a virtue. Who can say, honestly, that the existence of Facebook as it is today is a victory for liberty?
- klyrs 5y ago> Who can say, honestly, that the existence of Facebook as it is today is a victory for liberty? Mark Zuckerberg, and the millionaires that achieved that victory for him (at cost to the rest of us). The rift here is between individual liberty and universal liberty. And while I generally agree that democracy is a greater good than capitalism; I also see a big difference between the capitalism proposed by Adam Smith and the "shareholder value is god" version we see today. I'm also not too keen on communism. As far as I can tell, we need a messy blend of the pure systems, to constantly struggle and debate about the boundaries between them.