Would a libertarian goverment work in real life?
For what I understand, libertarism preaches about the importance of a free market, no taxes or regulations from the goverment and the freedom to exist as one sees fit. The thing is… do you really think something like that would work in the real world? I mean, huge multi billion dollar enterprises exist and have more power than many countries, a disturbing amount of power, withought libertarianism. With no regulations or taxation and everything being privatized, wouldn’t they grow to post apocaliptic proportions?
I’m from Peru. A couple of decades ago, rubber was the new big hit in the world. Prices were throught the roof. Some private companies decided to explode it for profit. Fair enough. Because of some govermental mumbo jumbo, and some bribes, they were basically given COMPLETE FREEDOM to do whatever they wanted on the highlands and jungle of the country. No taxations. No regulations. Absolutely nothing. They just let them be.
Some years after that, the goverment finally had to intervene when it was revealed that the private company had grown so much and redistributed the wealth so little that a pseudo feudalist society began to form. People lived in sub human conditions more akin to slavery. They were paid less than five dollars a month because, of course, there was not a minimun wage law so the only way to exist was to get loans from, surprise, surprise, the only private company that existed (which had devoured the smaller ones) which was also the one they worked for. They could no escape because of the debt and could not even accuse them because the security there was, of course, paid by the company.
The whole thing was pretty disturbing and led to the first and only peruvian communist president in it’s whole history, Velasco Alvarado, with the slogan “farmers, the boss will never again feed from your poverty”. Some people hated the guy, some people thought he brought justice to the country, but the important thing is that this economical model pushed people to communism in response, which is also not a good thing.
This company was a relatively small one in the gran scheme of things. What would happen if Nestle did not have regulations? Tesla? Disney? This huge ass companies would not just keep fucking growing, privatizing health, water, energy and building massive monopolies that could control the whole media? Isn’t that the complete opposite of freedom? When something grows so big, there is absolutely no choice.
I think the point of liberalism is that, in theory, any one of us could make a small enterprise and just grow it with out own efforts, but in practice that would never ever happen. I’m not making fun of libertarians, I just genuinly want to know how to they account for this kind of things, because at least from what I know, this is just as idilic as communism.
Article from r/Libertarian: For a Free Society