I’ve read about the Austrian economical principles and austro-libertarianism, however I think most libertarians running around teh internets are very naive. Idealistic just like communists, but just from the other end of the political sphere. Free market is usually the most efficient way to allocate resources, so many draw the conclusion that anarcho capitalism (or minarchism) is the most just society. I disagree. I don’t want to draw my morality, understanding of justice, from any economic theory while I do admit that austrians have made contributions to economics.
Why did Mises prefer limited government over anarcho capitalism? Because he saw the collective benefit of the society more important than the individual freedom. In other words, he balanced individiual and society’s benefit and did a rational decision just like an adult human being. He didn’t think the government police was a perfectly efficient way to organize protection from coercion, he was full aware of the fact, but that didn’t stop him from making a rational decision.
Justice or just society cannot be merely calculated by economic principles. We have all own our opinions about abortion, punishment, fraud, animal rights, intellectual property, weapon/explosive rights (WMD’s), children rights etc. I don’t need an ideology to state what my moral values are on those, while I think any stance won’t be ideal and always open to cultural change. This goes for other social issues too. Democracy is one method to decide the rules of justice and I know its hundreds of drawbacks, but in real life, not everything is perfect, not even Mises Institute.
Many ideological purists try to form simple principles like NAP and then call everyone else disagreeing with them socialists, fasicsts, statists, whatever. Socialism by dictionary definition usd to mean government owning the means of production, currently practically extinct except North Korea and Cuba. Now I wouldn’t find fascism totally inappropiate to describe what USA has been doing in the Middle East but the people that use it for every bit of state intervention, really need an honest reality check.
When people die because they simply cannot afford eg. health care, freedom is meaningless. You can blame their family, charitable organizations but its not going to fix the problem. To me, such is social darwinism. In all honesty, if you got beat up and went to a ER or police, and they wouldn’t accept you as a “customer”, would you think that such a society is great? Or you would call 911 only to realize you don’t have enough money on your credit card? Or possible you get a terminal illness and you cannot work but cost of your treatment is in 6 digit category, then you die, tough luck? Or maybe you made a mistake in your fire fighting insurance and you die when the house burns down. Justice has been served?
Think about it for a second. Why isn’t everyone (including Mises and Hayek) here an anarcho capitalist? Because some people are skeptical about its workability? But why would they be, freedom from taxation is unnegotiable! Why is social darwinism any better than mere survival of the fittest? If people die from lack of health care because they had no money to pay it, its not any better than they die from lack of protection because they had less money than the offender for their defense. Atleast not in my valuebook. If you simply don’t care what happens to people in your society, but value liberty above all else, you should really check your moral values.
Now I’m not saying welfare measures are necessary for a working a society. I think a country could be run as a limited government with no welfare measures whatsoever but people shouldn’t be so quick to condemn the arguments of welfare measures by just stating “taxation is theft”, unfortunately reality is a bit more complex than that. Those people remind of those who just preach all day about their stance on abortion and how their stance is superior never listening what the other one has to say.
I want to encourage discussion and want libertarians also to understand the opposite view . Most people who live here actually like the welfare measures, and of course it has its issues just like any state measure would have. So thanks I’m fully aware of the calculation argument.
In Europe, Iceland is almost bankrupt. Just go there and talk about laissez-faire, and see the reaction. And yes I’ve read the article here about it. It doesn’t convince me. Maybe the analysis is correct, but given that the country had the most free financial policy in Europe and ended up almost bankrupt while other scandinavian states with tighter financial regulations took only mild hit, the solution that if it only wasn’t the moral hazard and regulation couldn’t prevent this (eg. excessive maturity mismatching and over-cheap credit from foreigners) from happening doesn’t convince me and frankly, not the Icelanders either, and I don’t blame them. Albert Einstein once said: “The definition of insanity is doing the same thing over and over again and expecting different results."
Why am I saying this? Well because I used to be like some folks here, preaching about libertarianism, and I want others to think these things through before rushing to ideology. In my personal opinion, ideologies are dangerous, whether its anaracho capitalism, communism, anarchism, fascism etc.
To quote Deng Xiaoping: “One should not talk of methodology every day. In real life, not everything is methodology.”