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by taylodl 928 days ago
- Libertarians assume more job mobility than actually exists.

- Libertarians overlook all the problems with markets that Adam Smith identified. It's as though they never read the second half of the book.

- Libertarians overlook how existing players raise barriers to entry for existing markets.

- Libertarians overlook the collusion between market players and government to share power and wealth between both.

- Libertarians make many, many, many assumptions that are demonstrably false.

At this point all we can assume is libertarians know all this, yet keep advocating for libertarianism because it is they who seek the power and the wealth. That is to say, the libertarians are the bad guys, or, they're the stupid guys.

1 comments

Libertarians are just people who thought they could learn everything they needed from studying economics without learning any history or sociology.

Everything has a simple solution until humans get complicated.

That's an excellent summary!