I used to like having them around as an important and perfectly reasonable reminder that we have to be careful with the size, scope and cost of government.
But then, libertarian fiscal policy essentially took over one of the major parties and created this wave of binary, simplistic, Old West, anti-government, every-man-for-himself thinking that simply ignores the legitimate needs of too many people in the most prosperous country on the planet.
In small doses, it's an interesting study. As a large-scale philosophy for a civilized society, not so much.
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Why is it the most prosperous country on the planet? Could it have something to do with, more than any other society in history, how people were in charge of their own destiny? The idea that individuals own the fruits of their own labor and can't have stolen from them for some collective good? The idea that you get to keep what you earn.
The answer is yes, it does. Those are libertarian principles. Anything has it's pros and it's cons and there's certainly side effects and cons to that kind of ideal where greed informs decisions that hurt people. No doubt. But the fact remains that the more you shackle individual right and opportunity, the poorer a society becomes. What people fail to realize is that the best check on big corporations is the freedom for people to get into a market to address where those big corporations either under serve or inadequately serve.
I actually don't disagree with any of that. Our prosperity is due in large part to the dynamic innovation that is the result of "free" markets, capitalism, less government interference and competition.
At the same time, capitalism is a system. And with any system, there will be people who simply have the capacity, the organic aptitude, to take far more advantage of it than others. So our task, then, is to find a point of equilibrium at which
both dynamic innovation
and protections and safety nets can exist.
There are two very good reasons why we'd want to find this point of equilibrium: First, those with this increased capacity were lucky enough to have been born here, and not in Haiti or Jordan. A civilized society owes it to itself to provide for the least of its citizens, out of sheer decency. But also, if wealth disparities become too grotesque, at some point there is going to be a reaction. So maintaining a decent safety net might be considered an insurance policy for maintaining what we want.
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