Chris ParkerAug 16, 2023
firebreathingduck

@Radical_EgoCom @andwhyisit @firstprimate

That's the core libertarian misunderstanding. The history of markets is clear: when you deregulate, oligarchs buy favorable legislation.

It never stays deregulated. Ever. It just gets new regulations that funnel public money into private coffers. That's the world history of so-called free markets.

Aug 16, 2023 at 2:00pmWeb
Show threadtexanarchyAug 16, 2023
@firebreathingduck @Radical_EgoCom @andwhyisit @firstprimate I would add that “the market” itself is a construct that benefits capitalists by excluding what’s most important from the equation entirely. Happiness, quality of life…how about survival of our species? They literal have no value in the system (neoliberalism) that magically craps out wealth to some and grinds others to dust.
Show threadandwhyisitAug 16, 2023
@texanarchy @firebreathingduck @Radical_EgoCom @firstprimate If the government is independent from the market and monopolies aren't allowed to rise then the market has to compete for people to buy their products or services, which is a good thing. I live in Australia, and this shit just works without any of the problems seen in the US. In the US, the root of the problem is that your government is corrupt. Lobbying just means that your government openly takes bribes, and this is the result.
Show threadfirebreathingduckAug 17, 2023

@andwhyisit @texanarchy @Radical_EgoCom @firstprimate

If a government has safeguards to prevent lobbying and corruption, that's a form of regulation. So Australia's system might work better than the US system - I am not informed enough to know - but those regulations are anti-libertarian.

Show threadandwhyisitAug 19, 2023
@firebreathingduck @texanarchy @Radical_EgoCom @firstprimate Bribing government to pass unfair laws is anti-libitarian.
Show threadfirebreathingduckAug 20, 2023

@andwhyisit @texanarchy @Radical_EgoCom @firstprimate

Yes, but the point is that laissez-faire markets by definition lack safeguards against bribing legislators.

So when the libertarians destroy regulation, they leave the system wide open for the next round of bribery. Kick out the guard dogs, and the foxes will find you.

The reason there is no successful libertarian market in history is that every. single. time. a market starts being deregulated oligarchs corrupt it.