11/09/2019The Journal of Libertarian StudiesRoy Cordato
If one starts with a different view of efficiency and market optimality than the accepted notion of perfect competition then an entirely different set of conclusions relative to government intervention can be reached.
It's not necessary to completely destroy capitalism to impoverish us irrevocably. The further a regime moves in the direction of the "egalitarian" states of the old communist world, the worse the impoverishment will be.
In the 20th century, the US regime started refusing to recognize other regimes that failed to pass a morality test. But what was "moral" was never clear since FDR enthusiastically supported the blood-soaked Soviet regime under Stalin.
Marxist G.A. Cohen is troubled by the freedom libertarians grant to property owners. But artificial limits are unnecessary when practical realities have so often intervened to limit property ownership by any one person.