Libertarianism just replaces governments with corporations, and doesn't lead to freedom! - eviltoast

Freedom is the ONLY thing that counts. I do acknowledge that Libertarians claim to want to pursue freedom.

However I believe that Libertarianism, will only replace tyrannical government with tyrannical rule by businesses.

The problem with governments no matter their political leaning is that most political ideologies lack any mechanism to deal with corruption and abuses of power. Libertarianism seeks to deal with this by removing government and instead hand the power to private companies.

Companies are usually small dictatorships or even tyrannies. Handing them the power over all of society will only benefit the owners of these companies. The rest of society will basically be reduced to the status of slaves as they have no say over the direction of the society they maintain through their 9to5s.

These companies already control governments around the world through favors, bribes or other means such as regulatory capture or even by influencing the media and thereby manipulating the public’s opinion through the advertisement revenue.

Our problems would only get worse, all the ills of today’s society, lack of freedom, lack of peace, lack of just basic human decency will be vastly aggravated if we hand the entirety of control to people like petur tihel and allen mosque.

Instead the way to go about this is MORE democracy not less of it. The solution is to give average citizens more influence over the fate of society rather than less. However for that to happen we all need to fight ignorance and promote the spread of education. It has to become cool again to read books (or .epub/.mobi’s lol)

The best way to resolve the the corruption issue is to not allow any individual to hold power, instead having a distributed system.

More of a community-driven government. Sort of like these workers owned companies. We should not delegate away our decision-making power. We should ourselves make the decisions.

Although this post is in English it does neither concern the ASU nor KU or any other English speaking countries, in particular. It’s a general post addressing a world wide phenomenon.

  • yiliu@informis.land
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    11 months ago

    (cont)

    So the FDA is strict and overbearing… but did nothing to prevent it?

    Yes, exactly. They control what drugs are allowed in the country in the name of safety, and yet some of the most damaging drugs in history slipped right past them. So what’s the point, then? Much less regulated markets do just as well when it comes to drug safety, drugs are cheaper, and terminal patients can make decisions about their own health. So what’s the benefit of the FDA?

    I listened to a podcast years ago talking about the FDA. Wish I could find it. It wasn’t some right-wing think tank or anything, in fact a lot of the issues it raised trended left-wing. For example, I remember one of the issues being that the FDA banned human trials on women of childbearing age–that is, 18 to 50. Of course, testing on children is verboten anyway, and over-50 is a whole different category because hormones change dramatically post-menopause. So, effectively: the FDA banned human trials on women.

    This resulted in some ridiculous consequences: pregnancy or birth control medications being tested on men, for example. But more generally, all drugs are tested on men only, and men are substantially different from women. This meant that women tended to face much more severe side effects from drugs, since drugs that had gender-specific side-effects on men were filtered out by the trials process, but not those affecting women. There were examples in the podcast where these side-effects were fatal. This has been going on for decades, ever since the 1970s, and it’s only started to change recently.

    That’s one example of overregulation having very concrete consequences. And yet, the FDA hasn’t faced any consequences, and in fact the consequences are largely hidden because they’re diffuse and aggregate: hundreds of thousands of women feeling sick or dizzy or tired.

    I would say that counts as the FDA being “strict and overbearing” and yet failing to prevent harm to the public. And again, even as they protected a handful of women from the potential consequences of human trials, they let fentanyl out the front door (along with many medications that had adverse effects on women, discovered in the wild rather than in trials).

    Are we sure this is all important and necessary?

    If anything, it was exacerbated by the obscene amounts of money it made for the makers of the drug, money that they used to lobby government officials. Isn’t that the free market in action?

    Absolutely not! That’s regulatory capture in action. High levels of regulations result in high profits for drug companies by strictly controlling IP, excluding generic drugs, and making it nearly impossible to start up new drug companies. In turn, the existing companies use those high profits to influence further regulation, streamlining the approval process for their own (sometimes dangerous) drugs, giving them a veneer of safety, and blocking out competition. This is exactly the kind of thing that libertarians rail against.

    The libertarian ideal would be more like: dozens and dozens of drug companies offering low-price, high-quality drugs, making a reasonable but profit in the process, with independent consumer- and hospital-funded organizations checking them for safety and effectiveness. People are less trusting, and more careful about the drugs they take, but in extreme cases, where a person is terminally ill, they’re free to try whatever treatments they want. A single drug with terrible side effects would be enough to put a drug company out of business (because they’re smaller and less wildly profitable) and severely damage the reputation of any rating organization that stamped their approval on it, so both are much more careful about putting out and approving new drugs.

    But again, I’m not a libertarian. I’ve got views that would blasphemous to a libertarian. Hell, I’m pro gun control. I just get sick of the endless ridiculing of strawman libertarian caricatures on Lemmy and Reddit. They have valid points, they just tend to carry it way too far (from my perspective). I’m done defending them for now, I think I’ve managed to flesh out the strawman a bit for people who are open-minded enough to consider their POV, instead of just saying “LOL libertarians just wanna fuck teenagers and shoot guns” or whatever.