Tag: freed markets
Reason’s Misplaced Condescension
A common negative stereotype of the conventional “pot-smoking Republican” variety of libertarian is their condescending dismissal of anyone who disagrees with them as “not understanding economics.” Such people are so fond of firing off this rhetorical weapon that they often use it in situations where it’s far more applicable to themselves. Reason‘s recent commentary on…
Free-Market Socialism
Libertarians are individualists. But since individualist has many senses, that statement isn’t terribly informative. Does it mean that libertarians are social nonconformists on principle? Not at all. Some few libertarians may aspire to be, but most would see that as undesirable because it would obstruct their most important objectives. Lots of libertarian men have no…
Defining Revolution Down
Cass Sunstein is such an excellent, if unintentional, parody of liberal goo-gooism that it’s hard to tell him from a creation of The Onion. As proof that “our democratic system structures” are not rigged — whatever Gloomy Guses like Elizabeth Warren and Lawrence Lessig may think — Sunstein (“The American System Isn’t Rigged,” BloombergView, August…
Telecoms Robbing Us With Government Help — Again
Once again, a telecommunications corporation — this time Verizon — is emptying its customers’ pockets, with government help. Must be a day that ends in “y.” In the past, New Jersey heavily subsidized the construction of DSL lines, in the form of excess customer rates, on the condition that they would continue to provide DSL…
The Distinctiveness of Left-Libertarianism
…Left-libertarians share with other leftists the recognition that big businesses enjoy substantial privileges that benefit them while harming the public. But they stress that the proper response to corporate privilege is to eliminate subsidies, bailouts, cartelizing regulations, and other state-driven features of the legal, political, and economic environments that prop up corporate power rather than…
Contemplating Economic vs Political Power and Power in Left-Wing Market Anarchy
Ayn Rand stated: Now let me define the difference between economic power and political power: economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. True enough in…
Brief Introduction To Left-Wing Laissez Faire Economic Theory: Part One
In my last two blog posts, I responded to Lynn Stuart Parramore’s article titled How Piketty’s Bombshell Book Blew Up Libertarian Fantasies. At the end of the second one, I promised an explanation of the economic theory I used to critique her article. This post will be a brief introduction to said economic theory. Let’s…