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Well Britain and the British people are certainly a lot better off now than they were in the 1840s, that came through democratic liberal reform though. The Northern Mariana Islands provide a pretty good demonstration of laissez-faire economic libertarianism and I sure wouldn't want to live under it.
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Of course, perfect laissez-faire isn't socially or economically optimal in all cases. It isn't economically optimal for a developing country because without an industrial policy it will generally just settle into its low place in the industrial value added chain, a victim of its own comparative advantage ironically enough. It isn't socially optimal because it allows poor people to live in worse conditions than they should in a developed nation. While I myself do not consider it unfair for unskilled labor compensation being low (after all it's low-value work, and either the result of bad choices or a stop-gap for young people), but I don't consider the $1.90 an hour McDonald's pays in Hong Kong acceptable. That said, while it isn't the best option, laissez-faire capitalism is far from the worst method of resource distribution.
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Hometown: Arecibo, PR Ideology: Radical centrism Beliefs: Social liberalism, localism, producerism, supply-side economics, Austrian economics, realism, reformism, utilitarianism, populism. Religion: Secular Humanism Libertarian/Authoritarian: -4.67 Economic Left/Right: 0.62 "Who doesn't enjoy looking at boobies? To do otherwise would be simply un-American.” -catzmeow |
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There is very little ideology tying libertarianism and what passes for conservatism together these days. The point of libertarianism is maximum individual freedom. It has nothing to do with material wealth except to say that when the government becomes more of a threat to your wallet than your neighbor, it's even worse because while your neighbor will pick your pocket for free, you get to pay your government for the privelige.
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"Our liberties we prize and our rights we will maintain"- Iowa state motto Quote:
Ventura/ Paul '12 |
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Carolina Politics Online |
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Traditional values suck.
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Collective? I'm sure thats easy when your not surrounded by a bunch of (*)(*)(*)(*)ing retards!!! |
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