- Sep 14, 2011
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Libertarians are very confused about capitalism - Salon.com
I don't agree with all of this article but there's a big difference between wealth earned and wealth bestowed by govt privilege. Libertarians now have very different standards nowadays.
There is no evidence that capitalism exists today, says former congressman Ron Paul. A leading libertarian voice in American politics, Paul says the land of the free no longer has free markets but an economy centrally planned by powerful elites, one that allows major benefits to accrue to the politically connected, not the most deserving.
These days, corporate subsidies and privileged government contracts to the military-industrial complex are the path to riches, says Paul. This is not capitalism!
I don't agree with all of this article but there's a big difference between wealth earned and wealth bestowed by govt privilege. Libertarians now have very different standards nowadays.