All through this you've made the claim that government intervention through regulation would somehow solve the problem. My question to you is what makes the government so special, as to be able to do this? Doesn't government suffer from the same problems you associate with business (i.e. corrupt individuals wanting more power). Don't most people in government have an active role in business prior to their appointment?
This was my previous point about rethinking what government does. Other people have claimed here that only a moderate system would work in the real world, and I agree...if we stick with the current setup of government. However, Libertarianism is a lot more than just saying "free speech, free market". It's an entire shakeup of how the government operates, and there are no problems with having a privatized market that isn't controlled by the government. Anything government regulation does now, private regulation (through charities set up specifically to act as watchdogs and corporate petitioning organisations) can do as well, and often better. Government spends excessive amounts of money on wasteful beaurocracy; private organisations do not (since they cannot afford it). The problem with government thinking at the moment is that they assume they can afford anything, and they rack up massive debts doing this. Governments have worse credit ratings that any individual or collection of individuals.
This all reminds me of a funny video I watched recently:
http://www.youtube.com/watch?v=14C-H3W03VI&hd=1
So true
This was my previous point about rethinking what government does. Other people have claimed here that only a moderate system would work in the real world, and I agree...if we stick with the current setup of government. However, Libertarianism is a lot more than just saying "free speech, free market". It's an entire shakeup of how the government operates, and there are no problems with having a privatized market that isn't controlled by the government. Anything government regulation does now, private regulation (through charities set up specifically to act as watchdogs and corporate petitioning organisations) can do as well, and often better. Government spends excessive amounts of money on wasteful beaurocracy; private organisations do not (since they cannot afford it). The problem with government thinking at the moment is that they assume they can afford anything, and they rack up massive debts doing this. Governments have worse credit ratings that any individual or collection of individuals.
This all reminds me of a funny video I watched recently:
http://www.youtube.com/watch?v=14C-H3W03VI&hd=1
So true
