And......back on topic for those who would like to discuss the concept re the thread topic rather than make this a battle of semantics, definitions, personal criticism and otherwise derail the thread.....let me quote from one of my favorite modern libertarians (little "L"):
From Walter William's essay "Economic Miracle":
. . .Our economic system consists of billions of different elements that include members of our population, businesses, schools, parcels of land and homes. A list of possible relationships defies imagination and even more so if we include international relationships. Miraculously, there is a tendency for all of these relationships to operate smoothly without congressional meddling. Let's think about it.
The average well-stocked supermarket carries over 60,000 different items. Because those items are so routinely available to us, the fact that it is a near miracle goes unnoticed and unappreciated. Take just one of those items — canned tuna. Pretend that Congress appoints you tuna czar; that's not totally out of the picture in light of the fact that Congress has recently proposed a car czar for our auto industry. My question to you as tuna czar is: Can you identify and tell us how to organize all of the inputs necessary to get tuna out of the sea and into a supermarket? The most obvious inputs are fishermen, ships, nets, canning factories and trucks. But how do you organize the inputs necessary to build a ship, to provide the fuel, and what about the compass? The trucks need tires, seats and windshields.
It is not a stretch of the imagination to suggest that millions of inputs and people cooperate with one another to get canned tuna to your supermarket.
But what is the driving force that explains how millions of people manage to cooperate to get 60,000 different items to your supermarket? Most of them don't give a hoot about you and me, some of them might hate Americans, but they serve us well and they do so voluntarily. The bottom line motivation for the cooperation is people are in it for themselves; they want more profits, wages, interest and rent, or to use today's silly talk — people are greedy.
Adam Smith, the father of economics, captured the essence of this wonderful human cooperation when he said, "He (the businessman) generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. ... He intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain.". . . .
Economic Miracle by Walter E. Williams on Creators.com - A Syndicate Of Talent
This is the best argument I have ever seen for how the individual, free to pursue the American dream or whatever and wherever he is free to look after his own interests, will serve the whole in a far more beneficial and efficient manner than will a government trying a micromanage the process. And wherever government intervenes into the process, it will almost always have unintended negative consequences.
Allowing people to be 'greedy"; i.e. look to their own interests, be who and what they are short of infringing on the rights of others as a noble thing sounds so wrong to those who favor more government power and intervention. And it sounds so right to those who love liberty and fear excessive government power and interference.
And as I have argued, I believe both are just as 'greedy' when it comes to looking to their own interests. So I would prefer to put the power with the individual to further the common good than with the government that has a far less commendable track record on that.
My proposals for a better Constitution would better define and specify limits on what the federal government is allowed to do.