You confuse "well regulated capitalism" with communism.
Fighting over definitions is boring. So let's dispense with the existing terminology and just characterize it all as "government economic intervention". Government shouldn't have the power to dictate our economic decisions.
Show me the economic model, which libertarianism proposes to run the country under.
There is none. Libertarians don't propose to "run" the economy with government. That's sort of the whole point.
Exactly, and that is why this system of government will never work in a country of more than 300,000,000 people and enough firepower to blow up the world many times over.
Why do you think government needs to, or should, run the economy? I think that's a dangerous centralization of power.
The reason why the Roman Republican lasted for 1000 years was that the elites in control of Rome understood that the Head Count - the working Romans, needed to be well fed, and entertained - hence the term "bread and circuses". Every Roman was entitled to a measure of wheat, from the Senate and the Consuls. Poor Romans who served in the legions and survived, were promised a shared in his Consul's booty, and an acre of land when he retired.
Sure. If you goal is to placate the plebes, to keep them fat, dumb and happy (and working for cheap), you might have a point. That's not the kind of government I want.
You can't even run a village by libertarian principles, much less an entire nation.
Now your getting it! Libertarians don't believe the role of the government is to "run" society. We believe that government is there to keep the peace and protect our rights, so that we, the people, can run society voluntarily and collaboratively. We don't need a centralized authority dictating things.
The nations with the standards of living, the highest levels of education, and the highest levels of personal freedom, are the most regulated capitalist/socialist democracies.
And what determines the level of freedom in these countries, is the income levels of their frontline workers.
The USA is the only country in the first world where average life expectancy is declining, and pockets of poverty in poor rural areas like Appalachia, and inner city slums, where average life expectancy is similar to that of some Third World countries.
Toronto, a city with a 45% white population, experienced none of the racial differences in death rates between white and non-white Covid19 patients. That’s because we have universal tax funded health care for all citizens.
No premiums, no co-pays no “extra billing”, means anybody who feels sick, gets “point of care“ (doctor’s office), tested immediately, and gets results the next day. No lining yo for hours and waiting weeks.
Those who are sick or quarantined get $2000 a employment insurance sick benefits per/month until they recover. $2000 a month is less than minimum wage in Canada.
Toronto never shut their transit system down, and yet Toronto has one of the lowest big city death rates in the world. Lessons we learned in 2003 with SARS world very well, except in the “for profit” nursing homes.
In Canada, these homes who killed their residents are being shut down, and losing their licenses. In the USA, these companies are being given bailouts and allowed to stay open.
