Quote:
|
Originally Posted by Ustwo
Re-read it yourself. The conditions he presented would be found in a monarchy, something akin to the Russian revolution. I am asking how a libertarian society would turn into such a circumstance.
|
Capitalism tends to create concentrations of power. Because power begets power.
There is nothing special about the laws of economics that state that the optimal state reached won't have a huge, downtrodden underclass. In fact, it is quite possibly economically useful to have such a downtrodden underclass. Given that you are leaving all economic decisions up to the free market (libertarianism), one should expect huge, downtrodden economic underclasses. And if the government, the tool of democratic power, is weak relative to the other powers in society, then democratic power itself is weak.
The beleif that libertarianism would tend to converge towards a feudalistic economic system doesn't seem to be beyond reason.