Libertarianism is Dead? I Don’t Think So.

Jacob Weisberg, sir, you are the epitome of an idiot. I had to get that out of the way.

The absurdity of your title, “Libertarianism is Dead”, is only surpassed by the absurdity of the subtitle, which reads “The financial collapse proves that the ideology no longer makes sense”.

It’s a bad assumption to assume that the concept of free market capitalism is dead, and this is why: to err is human. Simple as that.

If you expect those with the freedom to act in the markets to err, saying that they have too much freedom and it’s anarchy in the markets and so on, then wouldn’t it make sense that if you give those in the government the same freedom to police the market instead, they would also err, possibly (more of an inevitability, really) that would damage the market and impede trade and profits. Yes, regulation in copious amounts is a good thing (meaning anything that applies under current laws, like tax evasion and theft, should be cut down), and I’m in no way advocating complete libertarianism, which blurs the line between it and anarchy (in all fairness, maybe this is what Mr. Weisberg was pronouncing dead, in which case I tell him, “Did you just wake from a coma?”). But libertarianism as the direct opposite of authoritarianism and bigger government rule isn’t dead yet and should not and will not go down easy, if ever (I hope it doesn’t, as a libertarian moderate).

Yes, you can blame the free-market for the previously stratospheric oil prices and the currently massive health care costs (privately, at least), but my opinion on the both of those is this: those companies that are pricing their goods so high are damned smart. Brilliant, all of them, and I’m not being sarcastic in the least, I assure you. Want to know why? Because they know that demand is so high for their drugs/oil that they can price the goods high and reap excellent profits. Is it immoral? Depends on your point of view — but I think that it’s perfectly fine for them to make money. As I say, what do you call a man who doesn’t make a profit?


But I digress: libertarianism will not die as long as this country exists and people are still believing in the American Dream of life, liberty, and the pursuit of happiness.

The thing that caused most of my rage over this article is the sheer fact that, while the writer claims libertarianism to be dead, he doesn’t say what has been born to secede it, or rather, he implies what has been born but doesn’t comment on whether it will work at all. The third of Newton’s laws of motion states that for every action, there is an equal and opposite reaction. Thus: if libertarianism has been pushed out of the way, what has come to take its place in America? Severe government regulation? As they say: quis custodiet ipsos custodes? Or, who watches the watchmen? The point being that, if the government were to get involved in regulating the economy more (we’re not in a complete laissez-faire economy, folks, let’s get that straight), isn’t it inevitable that they’d become corrupt just like the folks on Wall St.? And here’s the problem: the crooked dealers on Wall St. will meet their demise by their own hands (via bankruptcy) or their companies (firing), while the government’s laws (or policemen) will not be able to repealed quite as swiftly. This Wall St. collapse of late has been (as I see it) the market’s form of justice. If the banks’ collapse is a sign of the “rampant corruption” on Wall St., then why are we bailing the corrupt out? Isn’t that just rewarding bad business practices?

P.S. The government is rewarding them, I should add. The same exact government that would be policing the market.

I’m done.

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  1. thebeadden

    This is an excellent post, Leap. I wonder what is next? This is a subject that I am trying to understand and I come up empty handed every time. What are the solutions? Are there any? It would be interesting to ponder on and come up with new ideas.

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