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Old 06-13-2019, 04:00 PM
 
22,342 posts, read 20,187,396 times
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As opposed to what they do now with both parties backing them? You stay in your paradise, I'll try to find my own. Yours sucks.
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Old 06-13-2019, 08:30 PM
 
2,361 posts, read 867,038 times
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Quote:
Originally Posted by PCALMike View Post

This is question to libertarians and market fundamentalists: We know that income and wealth inequality will skyrocket by design under these type of policies. This is embraced as "fair" and "great" because the market is just super great. But who will write the patent laws, trade deals, anti-trust legislation and so much more in an economy where the ultra rich have so much wealth and power? Your answer is that if we just shrink the government everything will be fine, but who will write the patent laws, trade deals and anti-trust legislation? The ultra wealthy would basically have full control over this process and will steamroll over 99.99% of the population. What is so great about that?
The patent and antitrust laws are already written. They are here, now, today. No need to reinvent the wheel, as it were.

Trade deals can be negotiated by the executive in office at the time, subject to ratification by Congress, which isn't going anywhere.

Next...
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Old 06-14-2019, 07:56 AM
 
9,792 posts, read 3,624,414 times
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In principled libertarianism (anarchism, minarchism, whatever), IP laws and frameworks are invalid, or as one writer puts it "indefensible." There would be no patent or copyright laws that infringe upon property rights, given property rights being absolute in a properly free market.

Anti-trust is different because those are meddlesome laws that exist as stopgaps or dampeners to the negative effects of prior government meddling. Corporations get all manner of monopolistic protections from the state, and the implicit agreement with those monopolistic protections shouldn't be obviously or egregiously abused. Anti-trust law is simply a collection of threats and penalties the government puts out there to keep their monopolistic cronies on the proper graft and racketeering path. Basically, they can be monopolistic all they like, until it becomes politically unpopular, and ten anti-trust law sets the political optics right and everyone is happy, or something.

In principled libertarianism (anarchism, minarchism, whatever), there is no state giving limited or protected monopoly status to anyone, nor are there state constructs called "corporations" who could attempt to abuse the state granted monopolistic powers granted them in a politically unpopular way.

So who would write the laws that wouldn't exist? Uhm, nobody, since they wouldn't exist and thus don't need to be written?
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Old 06-14-2019, 10:22 AM
 
Location: Divided Tribes of America
15,960 posts, read 7,089,681 times
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Patent laws, trade laws, and anti-trust laws will be created and enforced with Libertarian Magic Dust.
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