4 ms·
Perhaps off topic, but I thought late stage capitalism is the what you get as a result of libertarianism. To avoid wealth and power imbalances you need to effe
by jay_kyburz 4y ago
Perhaps off topic, but I thought late stage capitalism is the what you get as a result of libertarianism.
To avoid wealth and power imbalances you need to effectively wield our democratic powers and take money from winners and redistribute it to the losers. (As taxes and regulation)
- mindslight 4y agoThorough corporate welfare and regulatory capture across all industries, including the government routinely giving away trillions of dollars to banks, is not what I'd call libertarian at all. I'm open to the possibility that centralized capital accretion is inevitable, it's just not my null hypothesis and it's not the experiment we're running. Overall I identify with libertarianism because individual freedom is a powerful perspective. It's most certainly not the only perspective, but it seems to be one of the easiest to lose sight of. And notice how I left the 'l' lower case - I'd say that the US "Libertarian" party is set up to be the exact same type of corporatist bait and switch as the other parties.
- jay_kyburz 4y agoCorporate welfare and regulatory capture is just corruption in my mind. It's a symptom of individuals having too much power. When I think if late stage capitalism I imagine a world where all our millions of individual businesses and are merged into just a few super conglomerates. Winners snowballing power, hovering up smaller players, all perfectly legal. That's the result of not taxing enough and blocking mergers. I don't identify with libertarianism because, although I acknowledge that some people work harder than others, there is a multitude of factors outside our own control that effect our ability to succeed.