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My initial comment was pointing out that we libertarians very explicitly don't underestimate corruption; which factors very strongly in why we view centralized
by burntsushi 13y ago
My initial comment was pointing out that we libertarians very explicitly don't underestimate corruption; which factors very strongly in why we view centralized power in the form of legitimized coercion as A Bad Thing.
My follow-up to an off-topic but related comment was that accountability exists in freed markets; just not in the way you might be used to in democratic societies.
My intention is not to defend freed markets from every possible criticism. There is plenty of literature out there that does that much better than I could already. A nice place to start is David Friedman's "The Machinery of Freedom" for pragmatic details. [1]
Just as accountability can come in many different shapes and sizes, so too can regulation. The only requirement is a bit of imagination.
[1] - http://daviddfriedman.com/The_Machinery_of_Freedom_.pdf http://daviddfriedman.com/The_Machinery_of_Freedom_.pdf