[quote]Kareem Said wrote:
I am very sympathetic to some libertarian principles, but the problem is, just as libertarians say socialism can not work because of human nature, the same goes for capitalism. Adam smith argued that free markets would lead to perfect liberty, but that is reliant upon people not manipulating the system, not creating monopolies and not using wealth to gain political influence to keep their monopoly.
Imperialist enterprise, such as say cocacola or Nestle, they have immense power, they can buy out competition, out price them and shut down any competition. Even if we got rid of the state there would still be a state, but one soley controlled by the ruling class with all the reforms working people have won over the years abolished.
And if you are a libertarian, you also have to be pro unrestricted immigration, pro child labour, anti LLC and anti minimum wage.
You can not choose what government intervention in the market is ok if you are a libertarian. So the reality is in the inner cities millions of children would be working. Production would come back to the first world but because immigration would be so constant global prices would level out, meaning your new wage would be around 2 dollars an hour for the highest and as little as 50 cents a day like in india and china.
With the removal of LLC’s that would mean opening a business would be extremely hard and seldom done, as you would be responsible for the debt of a failed enterprise, which means lengthy prison time and debtors jail, aswell as serfdom for the rest of your life or until you can pay off the debt.
If you couldn’t your next of kin would then owe it.
So now we have stateless prisons, where you could be locked up for as long as the people who make profit from it wish, which will be as long as possible, you will have zero real effective recourse and no state investigations or unbiased intervention, as if it is mere business from a market perspective, the people who control if you can go free and extremely biased to keep you in.
Add onto that the fact wealthy people will be able to pay judges huge amounts for bad convictions as there again will be no way to stop such corruption in an unfettered capitalist free market.
I think human nature is more of a roadblock to capitalism than any other system, because wealth creates influence and influence protects power. Power crushed competition with corruption and wealth, it has never not corrupted the markets. Not once, in any capitalist system.
[/quote]
I can tell you won’t fit in here , you are just too reasonable 