One of the things that really got me thinking about how liberal solutions are inadequate was a public finance course at uni that laid out all the ways regulations fail, get captured, and increase barriers to entry for new firms; how large firms have a concentrated interest in not accounting for their externalities while everyone affected by them has a very small interest with significant opportunity costs to trying to correct them; and other honestly difficult problems for the efficient functioning of a market and society. I'd really recommend looking into some of that stuff because it engages with the sort of evidence and numbers based evaluations of policy that libs love while making it pretty clear that there are fundamental problems with how we try to address them.
Absolutely. That's why I think explaining how distributing externality costs across a large number of people affects the incentive structure is so important to do at the same time.
Truth, in any setting either with or without a legal structure in place large corporate interests would always have an interest in creating stopping blocks to capital accumulation for others and that there is no gary stu-esque Howard Roark (who is a hyper capitalist superman yet also charitable? fuck Rand is such a shit writer...) that could ever overcome such realities. Only via organized suppression and dismantling of these systems that allow such wealth accumulation can this perpetual game of capital/power dominance be stopped.
One of the things that really got me thinking about how liberal solutions are inadequate was a public finance course at uni that laid out all the ways regulations fail, get captured, and increase barriers to entry for new firms; how large firms have a concentrated interest in not accounting for their externalities while everyone affected by them has a very small interest with significant opportunity costs to trying to correct them; and other honestly difficult problems for the efficient functioning of a market and society. I'd really recommend looking into some of that stuff because it engages with the sort of evidence and numbers based evaluations of policy that libs love while making it pretty clear that there are fundamental problems with how we try to address them.
Watch out though, just going down the regulatory capture route could led to a lib becoming a libertarian (or as I call it a TBI).
Absolutely. That's why I think explaining how distributing externality costs across a large number of people affects the incentive structure is so important to do at the same time.
Truth, in any setting either with or without a legal structure in place large corporate interests would always have an interest in creating stopping blocks to capital accumulation for others and that there is no gary stu-esque Howard Roark (who is a hyper capitalist superman yet also charitable? fuck Rand is such a shit writer...) that could ever overcome such realities. Only via organized suppression and dismantling of these systems that allow such wealth accumulation can this perpetual game of capital/power dominance be stopped.
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