Losertarians: “If you don’t like it, then start your own trillion-dollar hedge fund with sweetheart tax breaks from state and Federal governments!”
I used to lean more libertarian than I do now. The reason is I have come to realize the extent of political interference in the market whether it beL
- Big Tech with their monopolies which work together as a cartel
- countries like China which massively cheat on trade deals erecting non tariff barriers, stealing technology, manipulating their currency, having no environmental or labor standards, etc
- Large banks and hedge funds which get all kinds of loopholes, tax breaks, subsidies, etc to do things regular investors cannot do
- letting in millions of low skilled illegal aliens or handing out H1b’s and other work visas by the millions to flood the market with skilled workers so as to crush the bargaining power of both blue and white collar workers.
Large players will always have an army of lobbyists and lawyers and accountants that individuals and small businesses will never have. They warp the market to such an extent that it can hardly be called a free market any more. That’s what hardcore Libertarians cannot seem to see. For that reason, I’m much more of a populist now. I’m much more willing to use the power of government to put its finger on the scale the other way to balance things out.