Still think Libertarians have the wrong mindset about authority and legislation based on some bad practices. Government does mess up sometimes, probably even too much, but its an essential and worthwhile concept to refine and improve.
To think we should remove all or almost all Government regulations? No. We don't need to return to the late 1800s, early 1900s years. The years where we had little to no regulations and workers were literally LOCKED IN THEIR WORK PLACE even if it was on fire. Where workers were forced to work 16 hour work days, pay so low they couldn't live off it, working conditions that cost tens of thousands their lives every year, etc.
And it ignores another problem not every market can respond the same. A true free market with no regulations (as in no anti-monopoly laws) will mathematically lead to monopolies. People who think some other company will spring up and compete if a company owns the vast majority of the market ignores reality. The company with majority control can afford to undercut their opponent for years even if it means a loss for their profits for those years. Because once the competition is dead, they can hike shit back up so high they make back their profits. And you might go "BUT THEN THE PEOPLE WILL JUST BOYCOTT THEM!" ya.. tell that to the people who need the pharma company pills or medicines to survive. They can't boycott OR THEY DIE! Same goes with if companies controlled water and food entirely. These markets aren't "free markets" they're "captive markets."
Libertarian ideology was taken over by corporate executives/leaders long ago so they could use it to push deregulation so they could make more profit no matter what damage they do to other people or other businesses or the economy as a whole (see the TPP and how it'll cost us 4.5 MILLION jobs and our GDP greatly:
ase.tufts.edu/gdae/policy_research/TPP.. ) and the environment. They don't care about that. They only care about profits. Cause, fun facts, corporate executives are FOUR TIMES more likely to be sociopaths compared to the average human (
edition.cnn.com/2004/BUSINESS/08/26/co.. ).
So this is my summary:
