The Power and Poverty of Libertarian Thought/holes

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Libertarian thought is wonderfully sound as far as it goes, but there are two gaping holes in it that that are now taking on a decisive importance. For one thing, there is no very distinct libertarian vision of community -- of social as distinct from economic process -- outside the state; the alluring libertarian contention that society would work better if the state could somehow be limited to keeping the peace and enforcing contracts has to be largely taken on faith. Nor have libertarians confronted the disabling hypocrisy of the capitalist rationale, which insists that while capitalists must have extensive freedom of action, their employees may have much less. Their analysis of how an invisible hand arranges economic resources rationally without authoritarian direction stopped abruptly at the factory gate. Inside factories and offices, the heavy, visible hand of management continues to rule with only token opposition.
Richard Cornuelle, "The Power and Poverty of Libertarian Thought", Cato Policy Report Volume XIV Number 1, pg. 10.