This audiobook exposes crucial activities by libertarians with regard to Big Bang of deregulation in the UK and how that deregulation came to hurt main street USA!
Libertarian thought receives very little criticism as to its assumptions. We all have a libertine streak within us. However, that desire for unbridled freedom is quite different than formal libertarian philosophy. Becoming a libertarian requires buying into the assumptions of that philosophy.
The utopian ideals of the movement include some noble virtues, such as the elevation of peace and self reliance. However, other assumptions about human nature are simply not based in real observation. This relates not only to their views about race and economics, but about their views of the role of government in our lives. All Americans should have a healthy mistrust of government, because that is how a democracy should work.
However, libertarian assumptions go way too far. There are other institutions besides government that have proven themselves untrustworthy, such as the too-big-to-fail banks in the United States and even the Federal Reserve Bank. While I am in agreement with the Libertarians on that score, the libertarian solution is not in the interest of main street at all. We can look into those institutions as well as into European and UK economic behavior for answers for how we should view libertarianism going forward.
©2011 Gary Anderson (P)2014 Gary Anderson
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