Inequality

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Libertarians have no answers for the many problems of inequality, which markets do not solve. Problems such as: class war, disability, discrimination, minorities, poverty, privilege, real world power, women's issues and much more.

Links

Libertarian Dismissals Of Inequality (24 links)
Rebuttals to libertarian's five dismissals for problems of extreme inequality: it is market-based just dessert, it is needed for incentives, it is freedom, it is the fault of government, and it is unimportant. All five are wrong.
Slavery (19 links)
Slavery is a free-market, capitalist phenomenon. Slavery has almost always been abolished by acts of government that regulate the market, making it illegal. 19th century slaveowners defended their property rights in slaves in "economic freedom"-like terms that are unmistakably libertarian, differing only slightly in terms of who had natural rights. Some modern libertarians continue to make cases for slavery, such as Robert Nozick, Walter Block, Murray Rothbard and David Friedman. The private prisons that libertarians endorse (and traditional "hard labor") are really an opportunity to revive slavery. The only way to eliminate prison slavery is for government to regulate against it.
Class War (29 links)
Libertarianism is an astroturf pawn created by the first-class citizens (large corporations and the ultra-wealthy) in the class war against ordinary people (the 99%.) The first-class citizens have subverted representative government with propaganda, lobbying, campaign finance and revolving-door politics. The result is greater inequality due to state support of the wealthy.
Disability (1 link)
Libertarians have no solution to problems of disability: people who (often through no fault of their own) have physical or mental differences or impairments due to genetics, accident, age, etc. They sweep the problems under the rug, claiming that family and private charity are sufficient when all of history shows they are not.
Discrimination (13 links)
Libertarians usually think they should have a total freedom to discriminate however they wish. They are wrong. Discriminatory choices which affect markets undercut the assumptions of free markets, and thus destroy market efficiency which libertarians claim to want. In addition to harming others. Our society is a commons, and rampant discrimination is a tragedy of the commons.
Equal Opportunity (5 links)
Is insufficient to reduce inequality, and often used as a distraction. Everybody has equal opportunity in a lottery, but the end result is one rich person and many others who are poorer. We shouldn't manage society to concentrate wealth, but rather to spread it.
Minorities (5 links)
Libertarians are 94% white, and thus tend not to understand the obstacles (expecially discrimination) society creates for minorities. And they refuse to face the privately created obstacles that government can remedy.
Plutocracy (49 links)
Most of the world, including the USA, is a plutocracy: ruled by and for the rich, the .01%. Libertarians with their obsession with property tend to favor this status quo. Also known as plutonomy and plutarchy, closely related to oligarchy.
Poverty (22 links)
Libertarians like to claim that poverty will be solved by "The Magic Of The Market" and charity. But high levels of poverty persist despite US markets and charity, and has been nearly eliminated in strongly socialist nations such as Denmark. See also inequality.
Privilege (2 links)
Libertarians tend to be unaware of their privilege from being male, educated, middle class, white, able, healthy, good looking or other indicators of social status. Born on third base, they assume they've hit a triple.
Progressive Taxes (5 links)
Suggested by Adam Smith, first implemented in the USA: reduces inequality and supported by economic theory.
Racists (13 links)
There is a strong overlap between racists and libertarians. Because libertarianism obsesses about independence from social norms, racists are welcome, and actively courted by people like Ron Paul. No surprise that libertarians are 94% white, whiter even than the Republican party.
Real World Power
Libertarians like to attribute all power to demon government, but refuse to face any other sort of oppressive power.
Women's Issues (3 links)
Women's issues (and feminism) are largely ignored by libertarianism, which is overwhelmingly male. In part, these issues are inherited from early liberalism which assumed male heads of household represented the whole family both politically and economically. No libertarians have really grown past this to address women's issues as strongly as they address the issues of big business.
Adam Smith on how to make the working class happier and more productive: pay them more [More...]
That famous socialist Adam Smith says: "If masters would always listen to the dictates of reason and humanity, they have frequently occasion rather to moderate, than to animate the application of many of their workmen."
Capital in the Twenty-First Century (book) (14 links)
This book shows how policies concentrate wealth in the hands of the .01%, increasing inequality. Libertarianism has always been sponsored by the extremely rich, and their positions have favored these policies or worse.
College, the Great Unleveler [More...]
For-profit education, burdening of students with inescapable loans and absence of federal leadership are identified as major problems that perpetuate inequality.
Ebola and Inequality [More...]
"How countries structure their health-care system -- and their society -- makes a huge difference in terms of outcomes. America and the world pay a high price for excessive reliance on market forces and an insufficient attention to broader values, including equality and social justice."
Economics for the Rest of Us: Debunking the Science That Makes Life Dismal (book)
Shows how today’s dominant economic theories of economic efficiency and wages evolved, how they explicitly favor the rich over the poor, and why they’re not the only -- or best -- options.
Fighting Poverty And Inequality The Proven Way [More...]
David Brooks suggest improving education to fight poverty and inequality. 40 years of history demonstrates that does not work. Transfer programs do work.
Forget the 1 Percent: It is the 0.01 percent who are really getting ahead in America [More...]
"The top 0.1% (consisting of 160,000 families worth $73m on average) hold 22% of America’s wealth, just shy of the 1929 peak—and exactly the same share as the bottom 90% of the population."
How Clones Can Experience Unequal Economic Outcomes [More...]
"[...] the earnings of workers with near-clone similarity in attributes diverged so much by the place they worked that rising inequality in pay among employers has become the major factor in the trend rise in inequality."
How Increasing Income Inequality Is Dampening U.S. Economic Growth, And Possible Ways To Change The Tide [More...]
Notorious commie group Standard & Poor’s says inequality hurting economic growth. "The challenge now is to find a path toward more sustainable growth, an essential part of which, in our view, is pulling more Americans out of poverty and bolstering the purchasing power of the middle class."
Inequality Against Freedom [More...]
"What don’t go together – in the real world – are inequality and freedom. So-called right-libertarians therefore have a choice: you can be shills for the rich, or genuine supporters of freedom – but you can’t be both."
Inequality Begins at Birth [More...]
The research is now undeniable. Inequality in America begins at birth, or, for those born to women who are ill during pregnancy or do not have adequate prenatal care, even before [...] Armed with the unambiguous findings of twenty-first-century neuroscience, we can no longer just tell children raised poor to study harder and find jobs as they grow up.
Inequality Is a Drag [More...]
"But American inequality has become so extreme that it’s inflicting a lot of economic damage. And this, in turn, implies that redistribution -- that is, taxing the rich and helping the poor -- may well raise, not lower, the economy’s growth rate."
Inequality Is Not Inevitable [More...]
"Ensuring that those at the top pay their fair share of taxes -- ending the special privileges of speculators, corporations and the rich -- is both pragmatic and fair. We are not embracing a politics of envy if we reverse a politics of greed. Inequality is not just about the top marginal tax rate but also about our children’s access to food and the right to justice for all. If we spent more on education, health and infrastructure, we would strengthen our economy, now and in the future."
It Matters How Rich the Rich Are [More...]
"[...] the poor can be made not-poor by reducing the wealth/income of the rich in order to increase the wealth/income of the poor. In that sense, then, the richness of the rich is a cause of the poorness of the poor."
Socialized Medicine (4 links)
The proven method to the most economical and broadest provision of health benefits to a nation's populace. Rejected by libertarians because it is a government program; that is more important to them than the life and health of people.
The 85 Richest People On The Planet Now Have As Much Money As The Poorest 3.5 Billion [More...]
“The only way we will improve the lot of the poor, stabilize the middle class, and protect our democracy is by requiring the rich to pay more of the cost of governing the country that enables their huge accretion of wealth."
The Davos Lie (4 links)
A term coined by Larry Summers. The old idea that since free trade increases overall benefits, the winners could compensate the losers with some of the gains to create a Pareto improvement where everybody wins. But the real world fact is that this compensation does not occur, increasing poverty and inequality dramatically.
The Real "Takers" in America: The Unproductive, Rent-Extracting Rich [More...]
"To counter the domination of America’s rentier oligarchs, we need an Anti-Rentier campaign that would unite unlikely groups: owners of productive businesses as well as workers, populist conservatives and liberal reformers."
The Sneaky Ways Employers Are Stealing Our Wages [More...]
"In America, corporations are systematically stealing our wages. Virtually everyone in the bottom 95% of the income distribution now suffers from wage theft, including you!"

Quotations

Jim Crow laws were not the primary cause of segregation in the South. In many places few laws, if any, explicitly restricted blacks from entry into desirable social positions, from purchasing property in white neighborhoods, from entering private schools and colleges, or from using hospitals, restaurants, hotels, and other private businesses frequented by whites. Still, these events rarely occurred due to tacit (often explicit) agreement among whites. Because of privately imposed restrictive covenants, discriminatory business practices, and blacks' abject economic status, there was little need for laws imposing segregation and discrimination. It could be left up to the invisible hand.
Samuel Freeman, "Illiberal Libertarians: Why Libertarianism Is Not a Liberal View" pg. 135
If the 1 percent are able to extract vast sums from the economy it is because we have structured the economy for this purpose. It could easily be structured differently, but the 1 percent and its defenders aren't interested in changing things.
Dean Baker, "Inequality By Design: It Is Not Just Talent and Hard Work"
We are going to need a bigger and better government. The private unregulated market does not do well at health-care finance, at pensions, or at education finance. The private unregulated market does not do well at research and early-stage development. The private unregulated market does not do well with commodities that are non-rival, or non-excludible, or produced under conditions of greatly-increasing returns to scale. We are, in all likelihood, moving into a twenty-first century in which these sectors will all be larger slices of what we do. Thus in the twenty-first century a well-functioning economy will need a larger government share in the economy than was needed in the twentieth century.
Brad DeLong, "My Take on the Seven Things We Need to Focus on for Equitable Growth in America: Thursday Focus"
This wish to believe that you are not a moocher is what keeps people from seeing issues of distribution and allocation clearly -- and generates hostility to social insurance and to wage supplement policies, for they rip the veil off of the idea that you deserve to be highly paid because you are worth it. You aren’t.
Brad DeLong, "Regional Policy and Distributional Policy in a World Where People Want to Ignore the Value and Contribution of Knowledge and Network-Based Increasing Returns"
[...] the idea that people have full liberal property rights in their pre-tax income is unwarranted. They participate in a co-operative venture with others in society subject to certain conditions, and those conditions include one that part of “their income” already belongs to the wider society, via the state. This point, hated by libertarians, defeats the widespread view that people are having “their money” taken off them: it wasn’t theirs to start with.
Chris Bertram, "Squeezing the rich is good: even when it raises no money"
There’s been class warfare going on for the last 20 years, and my class has won.
Billionaire investor Warren Buffett, in "The 85 Richest People On The Planet Now Have As Much Money As The Poorest 3.5 Billion"
I wouldn't confuse conservative libertarianism with a genuine philosophy, open to considering reasoned objections. Bryan Caplan is a libertarian, because that's his job! It is a completely synthetic ideology, deliberately manufactured by a cadre of full-time professionals. And, I don't think their employers intend to make the masses any smarter about the economy or society. In short, libertarians are a product of increasing inequality; of course, they are in favor of increasing inequality, and would prefer that no one draw attention to its deleterious effects; libertarianism is one of increasing inequality's deleterious effects!
Bruce Wilder, "The libertarian solution to inequality"
Libertarianism is like Leninism: a fascinating, internally consistent political theory with some good underlying points that, regrettably, makes prescriptions about how to run human society that can only work if we replace real messy human beings with frictionless spherical humanoids of uniform density.
Charles Stross, "Why I want Bitcoin to die in a fire"
For that matter, where was the libertarian right during the great struggles for individual liberty in America in the last half-century? The libertarian movement has been conspicuously absent from the campaigns for civil rights for nonwhites, women, gays and lesbians. Most, if not all, libertarians support sexual and reproductive freedom (though Rand Paul has expressed doubts about federal civil rights legislation). But civil libertarian activists are found overwhelmingly on the left. Their right-wing brethren have been concerned with issues more important than civil rights, voting rights, abuses by police and the military, and the subordination of politics to religion -- issues like the campaign to expand human freedom by turning highways over to toll-extracting private corporations and the crusade to funnel money from Social Security to Wall Street brokerage firms.
Michael Lind, "Why libertarians apologize for autocracy"