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0 sats \ 4 replies \ @Solomonsatoshi 8 Mar \ on: Free Trade Doesn’t Work Under Fiat Money econ
Libertarians hold a completely unrealistic and unobtainable world view.
Humans are weak and vulnerable individually- it is only in groups that they have come to dominate the planet.
And human groups compete with each other for the most effective power projection and thus wealth and security.
You cannot separate markets from government- at least not completely- the most effective mode of economic management is a mixed economy- with government regulating and minimising market manipulation by private interests and providing basic infrastructure at scale and at cost.
Yes- you need government that is principled and not corrupt- that requires enough citizens to participate in all levels of government- or the near miracle of a benign dictatorship.
Chinas mixed economy is an example of a near ideal economic model- the CCP can no longer claim to be communist but its legitimacy and acceptance by most Chinese is due to and depends upon its ongoing economic advances.
In contrast the corrupt and crony capitalism that is now the rule in USA and most of the west is where capital has captured politics and rentseeking rules.
Libertarians need to get real and accept the evidence of history and human nature.
Government is a crucial factor in the wealth of nations.
Throughout history in all cases of nations enjoying economic success, good government has played a significant and demonstrable role.
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Little if any effective government in Yemen- a Libertarian utopia.
Move to Yemen then.
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I'm not the one shilling Yemen or China.
Across history, borders have been constantly changing and sovereignties have been created and destroyed. Yet I am being asked to accept the current arrangement as optimal and as if it were to be eternal.
It's not optimal (it sucks) and it will change (the only constant is change). People holding on to the current status quo are just hoping it holds until they die.
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China is a mixed economy- the strongest fastest growing economy in the world.
An example of a mixed economy where government regulates capital allocation but allows enterprise where it strengthens the economy and crushes where it threatens to become a parasite. The US once did this too- prior to neoliberal deregulation.
Yemen is a failed state.
The nation state is a crucial factor in the wealth of nations.
And yes their fortunes and empires rise and fall.
The corrupt US regime is an example of decline.
Being interested and involved in the integrity or otherwise of your government is a valid action...but one which if abandoned with cynicism and apathy enables the decline we see in western nations.
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