Seconded.
You have a point, but here's yet another thread from yet another big government leftist positing Somalia as libertarian. Clearly there are things beyond the libertarians themselves giving libertarianism a bad name - the right wing wanting to retain the power of social engineering and the left wing wanting to retain the power of social engineering. Both sides are currently in love with using the power of government to enforce their will on others, with the left leading the charge by adding wealth transfer.I agree with that description of the theory of libertarianism as opposed to how it is often it is characterized by its opponents. There is just one problem. It's that actual libertarians, in practice, on political discussion boards and elsewhere, seem to take very extreme positions on virtually every issue. Time and time again some proposal for government activity in the public interest is proposed, and no matter what it is, there is a chorus of "no" from libertarians. Tracking vehicles when on *public roadways* as a law enforcement tool? Nope, no way. How about requiring people to wear seatbelts not on private property but when on publically funded roads? No, too much restriction on "personal freedom." And on and on and on. It isn't the "theory" of libertarianism that is the problem. It's most of the actual liberatarians, the ones who give the impression that they are way out at the extreme. YOU may not be one of those people, but there are loads of them, right here on this discussion board. My impression, based on listening to the actual opinions of actual libertarians, is that many of them want virtually no government at all.
So you're right, there's nothing giving "libertarianism" a bad name, except for actual libertarians.
- wolf
Between 1850-1900 there was unbelievable economic growth (as high as 6-7 percent per year), per capita income was increasing faster than it had ever done throughout human history, and people were coming here from all over the world. Peoples lifespans increased from 40 to 50 from 1850-1900. Prices fell from 1800-1900.
Bank runs were a result of fractional reserve banking: the practice of creating and loaning out gold receipts at interest for which no gold deposits existed. There's nothing libertarian about that practice, it's fraud and should be prosecuted in court.
Slavery is also anti-libertarian. Everyone owns their own body. The use of force is minimized to taxes going to the prevention of such abuses. States are also allowed to pass minor socialist conveniences because states compete with each other and can't monetize debt. Federal XYZ socialist program with no deficit restrictions is bankrupt squalor waiting to happen.
But yes, the Industrial Revolution was impressive. Immigrants starting with nothing keeping most of what they earned fueled the highest rate of wage growth even today. Federal spending relative to that production was miniscule, probably 1% of what is today.
People looking for a time in history where the poor flocked somewhere to become unpoor and quickly can look at USA 1880-1920 first.
But what were the working conditions for those people? There was a reason unions were formed at the end of that era. It should be obvious the steady state for a free market without any oversight would be in a very bad place.
Is it possible that one key contributing factor was the availability of open land and untapped natural resources? In other words, is it possible that much of the economic growth and supposed prosperity was related to the availability of resources? Also, was the wealth widely distributed or was the situation something akin to a third world country where the vast majority of people are poor and a small percentage are very rich?
The availability of land was one of the greatest contributing factors in our early prosperity. Europe had long recovered from the Black Death and had little quality land available, and none free (or nearly so) for the taking. However, it's undeniable that America was much more libertarian than was the Old World.Is it possible that one key contributing factor was the availability of open land and untapped natural resources? In other words, is it possible that much of the economic growth and supposed prosperity was related to the availability of resources? Also, was the wealth widely distributed or was the situation something akin to a third world country where the vast majority of people are poor and a small percentage are very rich?
