>>141647>>141658Finally I have time to write this, which has been on my mind for a while. I'm not letting such errors get the last word.
>regulationsEconomic policy usually takes some time for its full effect to be felt. Short-term effects or "shocks" (used manipulatively by central banks) are more based on psychological feelings than on material effects. Over time, even after the implemented policy has left the public's span of attention, the effect is of gradual distortion. For example, increased regulation (which, rather than let managers set up an optimal layout, requires things often unnecessary) eats into profits and, combined with other economic measures (such as pensions, healthcare, etc.) makes business unprofitable and drives it overseas toward more competitive locales.
>economic povertyFirstly, you are not very well-versed in industrial technology. A modern computerized textile cutter can be run by one individual whereas its manual forebears, perhaps less quick and efficient, required ten such laborers. Should each of these ten receive the same wage as the modern worker? That is plainly unreasonable. I do not like child labor either, but how productive is a child? Should one receive the same wage as a more productive adult? Be logical.
Again, you're falling into the fallacious Marxist theory of the labor value of production, where products are worth the amount of labor put into them and workers ought to be paid according to their contribution. Labor is actually just one part of production. The factory owner uses his own capital to establish the factory, thereby taking the risk upon himself. He purchases the real estate, equipment, means of logistics, and advertising and divides the task among different people, simplifying their tasks so that they can apply their efforts toward one goal. He provides a reliable, steady wage for his workers and must do so at a rate that does not drive them toward competition. Also, he does not sit on his accumulated earnings like a "fat cat" but rather invests the bulk of them either in other projects or in a bank, where they are lent out to large and small business owners alike to let them get started.
>Chinese wagesActually, China is undergoing a shift in production from low-price, low-quality goods to higher-quality products and services, which is fueling a need for education among the younger generations. If China is facing an economic crisis, it stems from huge spending and public debt on the part of the government.
>car industrySo stuff like in-car radios, air conditioning, power windows, and fuel injection do not count? What about the drive towards higher-powered engines in muscle cars in the early 70's? I agree somewhat in regards to electric cars, but at that point they were no better than internal combustion vehicles (which were also pretty bad), if not worse. If they were better an entrepreneur would see the profit in manufacturing the superior values and would pull ahead of Henry Ford. Perhaps if we had as an industry switched to electric vehicles they would be as good as modern gasoline cars in terms of effectiveness, but I digress.
As for banana republics, it does not make sense to give expensive tools to uneducated peasants who don't know how to use them. You cannot grow fruit so easily in the more developed States and so it's necessary to use cheap labor in South America. When you have millions of low-skill laborers who work better
en masse than a few well-trained workers, it makes sense to use this approach. Is it exploitative? Only if the government engages in unjust practices and stifles competition.
>history of libertarianismOh boy, are you ignorant.
>SpainThe Salamanca School (
https://en.wikipedia.org/wiki/School_of_Salamanca) was a theological and philosophical school that developed the teachings of Thomas Aquinas with an emphasis on personal liberty. They have been referred to as "proto-Austrians" by Murray Rothbard
>HREAlthough founded less on philosophy than on practice, the Holy Roman Empire is widely considered the high point of feudal society due to its decentralized structure and freedom based on personal property. Unfortunately, I do not have a specific article which I was thinking of but this serves quite nicely:
https://madmonarchist.blogspot.hk/2010/09/libertarianism-and-medieval-monarchy.htmlAlso, other libertarian medieval/ancient societies:
https://thelibertarianrepublic.com/has-a-libertarian-society-ever-existed/>GenoaAgain, based more on practice than philosophy, but trade cities, particularly Genoa, were built around economic freedom.
https://tomwoods.com/ep-955-genoa-a-forgotten-history-of-liberty-growth-and-entrepreneurship/
>Hayek lostHayek's strategy was based on convincing intellectuals and getting them to help reorganize society (sort of how the Frankfurt School did with postmodernism). This was inherently flawed (as most libertarians recognize today) as even at that time academia was being (((subverted))) while it received significant grants from government. Therefore, there was a huge conflict of interest on the part of intellectuals. Why advocate for such grants to be removed and your generous stipends placed in jeopardy when, by advocating for state planning, you can receive funds and prestige, even placed on committees? This is why economists like Krugman, even if they had good ideas in the 90's, now spout fallacious lies on the New York Times.
Thankfully, Rothbard recognized this and switched to a populist tact. The reason he is considered the "greatest libertarian" is not just due to his intellectual prowess but to how he reached millions and turned them against the State. The alt-right's grassroots strategy, which targets the same institutions, owes far more to him than even to visionaries such as G.L. Rockwell and Dr. William Pierce.