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June 17, 2005

Krugman Makes the Libertarian Case.

Talking about the latest scandal from a one party political machine Paul Krugman makes this point:

The message from Ohio is that long-term dominance by a political machine leads to corruption, regardless of the policies that machine follows or the ideology it claims to represent.

Indeed, quite true. The point has been made before, of course. We can actually go further and state that any such power structure, one that does not face competition, will suffer from the same problems. The answer is also known. That one should, where possible, prevent such power structures from appearing and when this is impossible, severely limit their powers. This applies to monopolies as much as it does to the State. Which is very much the Libertarian argument, that it is inevitable that a powerful State will be corrupt, therefore we should have a small and weak one.

June 17, 2005 in Politics | Permalink

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Comments

"small and weak one"

I would say minimal but focused. More on Police, nothing on failure rewards.

Posted by: Rob Read | Jun 17, 2005 11:17:44 AM

My libertarianism grew out of a desire to eliminate arbitrary power as far as possible.

That doesn't necessarily mean a minimum state, but it does mean that there should always be realistic alternatives to the state (as far as is humanly possible anyway).

Posted by: David B. Wildgoose | Jun 18, 2005 2:26:02 PM