Tag Archives | Libertarians

Free Markets and Capitalism Are Not the Same Thing

Photograph shows stock brokers working at the New York Stock Exchange. 1963

Photograph shows stock brokers working at the New York Stock Exchange. 1963

Roderick Long writes about the problems with conflating the two at Bleeding Heart Libertarians:

Left-libertarians differ from the (current) libertarian mainstream both in terms of what outcomes they regard as desirable, and in terms of what outcomes they think a freed market is likely to produce.

With regard to the latter issue, left-libertarians regard the current domination of the economic landscape by large hierarchical firms as the product not of free competition but of government intervention – including not only direct subsidies, grants of monopoly privilege, and barriers to entry, but also a regulatory framework that enables firms to socialise the scale costs associated with growth and the informational costs associated with hierarchy, while pocketing the benefits – and leaving employees and consumers with a straitened range of options. In the absence of government intervention, we maintain, firms could be expected to be smaller, flatter, and more numerous, with greater worker empowerment.

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Why Are US Conservatives So Obsessed With Monarchies?

English: Philip II August and John Lackland ma...

Philip II August and John Lackland making peace with a kiss. (British Library, Royal 16 G VI f. 362)  (Photo credit: Wikipedia) (PD)

What do you think disinfonaughts, does America or the world need another king?

Something weird is happening on the American Right. Over at Politico Magazine, Michael Auslin, a resident scholar at the conservative American Enterprise Institute, has penned a column titled “America Needs a King.”

Had Auslin’s strange desire not come on the heels of Pat Buchanan’s paean to Vladimir Putin, or an anti-democracy movement being championed by tech libertarians like Peter Thiel, the co-founder of PayPal, one might see this as merely an example of an academic being intellectually provocative. In other words, “trolling” us.

But this isn’t mere trolling. It’s a trend.

Now, there has always been an element of the Catholic Right with monarchical tendencies.

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