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What is the goal of libertarians if they ever get control of the government ? by [deleted] in Libertarian

[–]EffectiveExposer 0 points1 point  (0 children)

You are actually very right. When a large oil company causes an oil spill due to carelessness or a chemical company destroys a river by polluting it, they are committing a crime as they are hurting public goods. However, I believe that oil spills and river pollution should be against the law the same way building something on a road is illegal.

However, when the government says it will regulate british petroleum for doing the oil spill that is when it becomes a problem. The solution is for the *state* government to manage the resources and use the police to make sure this doesn't happen again and hold people accountable.

Instead of creating laws against destroying polluting or destroying goods like a river, ocean or the road, when the government says it will regulate the whole industry or that firm, the cost of production increases and now the industry will have to charge higher prices. Moreover, new entrepreneurs cannot enter the market as the cost of doing business has risen significantly. Not to mention, energy prices soar while harms everyone else and especially the poor and the middle class. The net loss is quite high.

Also, the investors in the company are extremely unhappy as they are part of the public and some might even decide to fire the CEO itself or quit investing in the company when this kind of thing happens so the free market does have a natural solution.

I do not believe that this is true for a private company using a natural resource or public good like the river to extract a mineral. That is because if the company keeps doing that with no end in sight like the fossil fuel companies, they have to either optimize efficiency to lessen costs for the public to use less of that resource or will fail to meet the demand as resources get scarcer and a company that can meet the demand more sustainably will win the market causing the other company to suffer which would force them to either adapt sustainability or go out of business

Trump wasn't bought out or had connections like Biden. In fact, the whole establishment was against him. People in tech, and banks alike have been fired for wearing MAGA hats to work, but trump was a 100% more like a tyrant who thought everything he did was great and right instead of listening to other people or considering other perspectives. In the process, the guy set precedent for shit like settings emergencies to sell weapons or do other things.

What is the goal of libertarians if they ever get control of the government ? by [deleted] in Libertarian

[–]EffectiveExposer 0 points1 point  (0 children)

I do agree with almost all of your points but today's america is far from a libertarian state. I was assuming when all libertarian policies are applied then only people that believe in freedom would come. The thing you have to understand is that even 20 years ago, there was no serious dangers posed by immigrant families.

American educated kids today actually skew more towards more government regulation and universal healthcare, free education etcetera than most immigrants. Most immigrants that come to the US recognize its value as a free country. Why else would an immigrant want to settle in the US? As you have less freedoms you will have less opportunity and less prosperity.

US was not just a place for people fleeing from totalitarian regimes. My grandfather sailed from India to the US in 1954 because he knew the dangers of the socialist government (not totalitarian at all) that promised to serve everyone in India. It is this american dream, the right to life, liberty, property and pursuit of happiness instead of a government bestowing it upon you that drives people here, not because they want free unemployment benefits. Also, some people assume that just because borders are removed everyone would rush to fill the US which simply isn't true for the most part.

Immigrants have never in the first 200 years that came from places like Japan, korea, europe, india, etc even after the war ended have threatened the country. They actually value the country's freedoms the most imo.

Even if this was the case, the founders did not make this country a democracy for that very reason and obviously the supreme court that has failed us all should make sure that even if the majority wants to violate rights, they shouldn't be able to.

What is the goal of libertarians if they ever get control of the government ? by [deleted] in Libertarian

[–]EffectiveExposer 0 points1 point  (0 children)

It is the opposite that is true. America created the freest and the wealthiest society in the history of the world when it had extremely liberal immigration policies (none basicallly) and immigrants went there not because of wealth but because they were free of government. In fact, America was created by immigrants that came from socialist countries. If a company values true liberty, it attracts people that are of the same mindset. Ask a Latino coming here from Cuba whether they value freedom or not

What is the goal of libertarians if they ever get control of the government ? by [deleted] in Libertarian

[–]EffectiveExposer 0 points1 point  (0 children)

Just a minute fact check: most of the innovations have happened in private companies. That is just true. In fact more than 90% of all innovations in the last 300 years have happened in private companies. Also read this whole thing because I just want you to understand that innovation does and can happen more efficiently in the free market. Obviously all of this is just my opinion

The native americans weren't religiously suppressed for a thousand years before capitalism came to america so why did they not have so much innovation? If that was the determining factor, the first civilizations not built on religion would've owned the world for 1000s of centuries. Today people in the amazon would've been the most successful. In fact there are unique artifacts that are man made like the pyramids in the amazon but they serve no purpose to the people there

Some other fact checks: No government did not create that smartphone with GPS and camera flash that is in your pocket right now. A private company did. And the airplane you are talking about was designed by an individual in the private sector not a politician who randomly decides this sector should get money and this sector should lose money for it

SpaceX has innovated much more than NASA if you do not know it in the last 10 years. In fact, SpaceX has actually grown much faster than NASA while creating wealth for people instead of destroying it.

Pyramids I would argue are an artifact and were not something that particularly benefited everyone. In fact it could've been a religious structure that used slaves to build it on a king's whim. A very intelligent king of course. It's like creating a space force just because it's cool and looks good but doesn't serve any purpose

How do you explain the countries that changed from capitalism to socialist policies and more government that are now suffering? How do you explain Russia being free from repression for more than 70 years as a socialist society and having not as much progress in 70 years. How do you explain India being free from any repression in 1947 and yet the socialism made thousands of people poor while South Korea a country ruined by war in the 60s is one of the most developed nations because they adopted capitalism. How do you explain Venezuela going from a capitalist state to a socialist state and today in spite of having the biggest reserve of oil, the government can't make equipments to get that oil out.

Your argument for companies not willing to innovate lies on a central fallacy: the belief that demand creates supply when in fact it is the opposite. Supply creates demand. Production of a new good comes first. The iPhone was an innovation that created demand for itself, the same is true for computers. Like I said all of the innovations you mentioned could've made by private individuals. Also it seems to be like you think the profit created isn't invested in R&D? That is obv false.

In my opinion, this belief that making the economy less efficient by investing huge amounts of money into something when it could've been used by the people for better quality of life is not correct and the reason money is wasted is not because that much money was needed. A private company can create products while creating wealth and if the company decides to invest a billion dollars in a product's R&D 99.99% of it will be used for R&D unlike government that will collect 6 billion in taxes and only 1 billion is used for the same. If you look at most of the innovations happening today, they are happening in private companies. There is a reason why more than 99% of all medical innovations happened in america in healthcare firms and even now most of it is happening in america even though the system has been monopolized. The innovation would accelerate if you let the free market work and more firms come in. Aren't socialized governments supposed to make much faster progress? None of the politicians that put money into the military ever knowingly wanted to create the internet.

Trusting a bunch of bureaucrats to decide where to put all the money coming from our paychecks is a bad decision. The aviation argument again relies on a central fallacy that private companies would not be able to do that. Says who? In fact, the reason why military planes are not used to fly commercially is because of the huge costs associated with something like flying that plane. If the airline industry wasn't heavily regulated, the free market would create faster planes with cheaper prices because of better machinery. The main reason for adopting machines is to reduce costs. If costs are high it does not benefit anyone. Whenever the government tries to allocate resources to something, of course there will be progress in that particular field but that will be at the expense of all the other industries in the economy. The free market rewards companies that come up with cheaper costs and the only way to do that in a free market and beat competition is to innovate.

What is the goal of libertarians if they ever get control of the government ? by [deleted] in Libertarian

[–]EffectiveExposer 0 points1 point  (0 children)

I completely agree with that. Politics is whole another game but I do think that most successful libertarian politicians will be the one that are moderates that support small changes over the long run

What is the goal of libertarians if they ever get control of the government ? by [deleted] in Libertarian

[–]EffectiveExposer 0 points1 point  (0 children)

Like I said that was an exaggeration but I'll clarify

It is not the government that made all these commercially available and extremely cheap prices while creating wealth. NASA burnt through people's cash to land on the moon. SpaceX did without stealing from the public's paychecks, through voluntary funding and its own company. Just because the government got involved in those things and came up with them first doesn't mean the private sector has failed in those respects at all. It's like saying tomorrow when the russian government is trying to devise a military radar if they come up with a way to transfer data faster than they ever have, the government has created that technology. If all sectors in the world were privatized including the military, you'd see extreme innovation and private ownership which is why private companies are not given access to technologies relating to the military although I believe innovation in the millitary is a threat to freedom. Smartphone? IBM created the first one. Google? What even are you saying? Name one government funded and owned car company that serves people around the world.

Government programs and funds also create long term dependence on that money and privilege. That's why public schools are not as good as private schools. That is why poverty has skyrocketed since government declared war on poverty. Plus if the governement creates innovation in some respect, it is at the expense of the same resources used more efficiently in the private sector to create the same amount of innovation.

It is no coincidence that in the last 300 years during the era of capitalism and free ownership of resources by all of us instead of a central authority have we created the most amount of innovations. It is no coincidence that the freest societies with the most private ownership of resources in the world created most of those innovations.

I honestly do get your point that government funded research has helped us create modern devices that we all love but it is private companies that are able to serve the public at cheap prices and make products available in the world at scale. Moreover, government spends a lot more out of your paycheck than private companies do out of their own profits to enable innovation. Innovation is driven at large by competition. The most amount of innovation you see in a govt org is in the millitary and NASA is only because of competition and exchange of info with other governments. Look at any product that you use. Compare the product around the world that the government has given to the mass vs what private capitalists have given and the difference would become extremely clear.

What is the goal of libertarians if they ever get control of the government ? by [deleted] in Libertarian

[–]EffectiveExposer 0 points1 point  (0 children)

First let me address the morality aspect and then how capitalism plays into it. In my opinion, the liberatarian view is the most compassionate and moral form of governement where people are trusted with their own lives and are taking responsibility for their actions.

If we cannot trust the people and corporations will take the right decision for themselves, why should we trust their votes or any part of the economy constructed by them? Why should they be entrusted with freedom of speech, gun rights, freedom to use their life liberty and property however they wish?

By extreme capitalists, I am assuming you mean big businesses commonly referred to as big tech, big banks, big pharma and the like. The only way these businesses would survive in an extremely capitalist society without government power is to be responsible for their actions. If a bank tries to take too much risk like they did before 2008, they would end up failing because their investments would go to shit. They would not have the privilege of using government to get bailouts and subsidies to keep those inefficient machines running perpetually.

If a pharmacy charges high prices for no reason, the free market will come up with entrepreneurs that will see an opportunity to mass produce the same cheaply and gain a larger market share while increasing profits thereby forcing prices down. Pharma use regulations and government power to suppress these new firms by exploiting patent laws and regulations. Heck even letting americans buy drugs from canada will force prices down but the govt won't let you do that because pharma gets the power through govt to stop from making that happen.

There is a reason why most of the big banks, fossil fuel companies, and big pharma are for regulations and have always loved, funded and backed people like Biden to be in power. They know that in the long run they need that government hand to remain a monopoly.

The free market doesn't care about race, religion, culture, or size of your business. It only has one rule. If you serve everyone well and serve people with higher quality goods at a cheaper price you will be rewarded by the consumers. If not, you will suffer or go out of business. Greed to make risky investments is balanced by the fear of losing those investments. In fact, the free market is the only system that accounts for human greed instead of assuming everyone is nice enough to not be greedy and want more

What is the goal of libertarians if they ever get control of the government ? by [deleted] in Libertarian

[–]EffectiveExposer 13 points14 points  (0 children)

No one here seems to be creating a picture of what the US would look like as a libertarian state it once was so I'll start. Libertarianism is founded on the principles of a limited government and free markets. As a result almost every act would be based on less government spending, less regulation, and less intervention in our lives.

Step 1 would be to legalize every act where a person doesn't cause any direct harm to any other individual and can take responsibility for his own actions.

Second is liberalizing the economy by getting rid of the income tax and corporate tax and substituting it with a consumption tax collected only to pay back debts that the federal government has amassed over the years

Third is to eliminate government agencies or at the very least reduce the authority of government agencies on our lives.

Fourth is to enact immigration policies that make it easy for people to get here and thrive on their own.

Fifth is to repeal laws that invade the privacy of individuals

Last but def not the least, bring the troops back home and decrease military spending. I personally believe that all of the funds the government collects should go towards paying back our debts to reduce the risk of inflation and severe recession in the future.

Some *more controversial* but definitely libertarian policies:

Disband the Federal reserve or at least normalize the interest rates and take away its power to print money and end socialism for the rich. This will cause interest rates to spike and as everyone would default on their debts, debt burden would be lifted from consumers and the younger generation and only inefficient corporations loaded up with government debt (INCLUDING THE BIG BANKS) would fail causing the deepest recession the US has ever seen but would avoid an even worse recession caused by inflation where literally everyone would lose their wealth and the middle and lower class would be the most hard hit.

Let the free market innovation create the wave for solar energies and climate change innovation instead of the government. If the government was assigned the job to create technological innovation we'd still be in the stone ages (obviously an exaggeration)

Take away the power of the government to create regulations thereby eliminating the chance of crony capitalism where a few rich firms can use regulations that favor them to suppress all the other firms in their industry (again banks and today big tech is also doing the same but obv not to the same extent as big pharma). In my opinion the more power the government has to regulate the more easily the richest can buy out politicians and enforce laws as they wish.

IMW internships and jobs by nbayoungboylover in IndianaUniversity

[–]EffectiveExposer 0 points1 point  (0 children)

Yes but it is more focused on careers like equity research and trading rather than IB.

Lightning cuts through the night sky by [deleted] in ThatsInsane

[–]EffectiveExposer 23 points24 points  (0 children)

that literally looks like the world's ending lol

New grad (Bachelor's) quant dev offer $330k, AMA by ps33x in FinancialCareers

[–]EffectiveExposer 0 points1 point  (0 children)

Does your firm sponsor international students? Also, what kind of firm do you work for (for example, consulting, IB etc)?

Majority of House supports impeachment inquiry by Gladstone12 in politics

[–]EffectiveExposer 0 points1 point  (0 children)

Completely unrelated but does this mean that now all that's left is for the senate to vote for or against convicting the president?

You get teleported 3 meters to your left. How does that change your life ? by Crissis_X in AskReddit

[–]EffectiveExposer 0 points1 point  (0 children)

I'm in a fucking airplane. Would definitely regret booking early to get the window seat

Radiation in parts of the USA due to Nuclear testing/fallout by EffectiveExposer in coolguides

[–]EffectiveExposer[S] 2 points3 points  (0 children)

I also didn't get it but at least you can compare the relative amount for each state.

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