Wednesday, April 20, 2011

Libertarianism in one Lesson

Professor Quiggin nicely deconstructs an extemely popular right wing tract, "Economics in One Lesson," by Henry Hazlitt.

In the ensuing discusson, this comment was made by Ikonoclast (one of my favorite commenters) echoing Jack Strocchi (likewise):

Libertarianism is about legitimising self-interest, aggrandising all wealth and power to specific advantaged individuals whilst allowing all others to be exploited without hindrance. Libertarianism might deny this but it is the inherent truth in the attempt to minimise the legitimacy of democratic government. In practice libertarianism equals oligarchy

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