Define a "libertarian" as someone who advocates for the state to play a minimal role in the lives of people.
There are a few different reasons I could be libertarian:
1> I believe that I will be better off if the scope of the state's activity is minimized.
2> I believe that most people will be better off if the scope of the state's activity is minimized.
3> I believe the world will be more just if the scope of the state's activity is minimized, whether or not that leads to anyone being better off.
Libertarians in groups [1] & [3] need not offer a strategy for mitigating any economic phenomenon, even if that phenomenon is to the detriment of the majority.
I've heard people argue the validity of belief [2], saying that the amount of value in the economy will grow faster than than it is absorbed by the "winners" who are amassing it. I'm not convinced, though.
Define a "libertarian" as someone who advocates for the state to play a minimal role in the lives of people.
There are a few different reasons I could be libertarian:
1> I believe that I will be better off if the scope of the state's activity is minimized.
2> I believe that most people will be better off if the scope of the state's activity is minimized.
3> I believe the world will be more just if the scope of the state's activity is minimized, whether or not that leads to anyone being better off.
Libertarians in groups [1] & [3] need not offer a strategy for mitigating any economic phenomenon, even if that phenomenon is to the detriment of the majority.
I've heard people argue the validity of belief [2], saying that the amount of value in the economy will grow faster than than it is absorbed by the "winners" who are amassing it. I'm not convinced, though.