Libertarianism FAQ @libertarianism 0

In a free market, the one who provides a good/service for the lowest price gets nearly all the customers. The one offering the highest for the same job gets nearly all the employees. No one wants to let another do this and dominate the industry, so they all compete against each other for customers and employees. Employees can also form unions to demand payment almost equal to the value they bring.

This is really a question of how much of the rights of a human do we give animals? Giving them no rights doesn't make sense from an ethical perspective as they have sentience and the capacity to feel pain. And yet we don't grant them the right not to be confined or killed, not just because it would make meat-eating humans unhappy, but also because rights are a human concept, and animals in nature are so horribly brutal that it seems incongruous to try and make humans not confine or kill them.

If your pollution damages the property of others, that would violate the NAP, and a minarchy would be justified in collecting penalties for the same and distributing them to the people affected. This should incentivize the company to try and prevent or clean up its pollution as much as possible. We need to decide the extent of such penalties, and whether penalties other than monetary ones would be even more effective at preventing pollution.

If simply concerned about wild species going extinct, and not their their occasional mistreatment (which is discussed above), species will be conserved by the free market to the extent that there is interest in them and the ecosystems that they support, eg., in zoos, wildlife tourism, forest products, etc.

Anarcho-capitalists advocate for private (self/community/corporate) enforcement of the NAP, thus eliminating the government entirely. Doubts as to whether this will leave more people unprotected than a government solution keep people from supporting it, but this minarchist FAQ can be extended into an ancap one if/when sufficiently convincing arguments are collected.

Libertarianism is not an all-or-nothing philosophy. Different libertarians advocate for different levels of government intervention. An emergency situation, eg., a major war, disaster, irreplaceable resource exhaustion, etc. will almost certainly require a lot of government action. This FAQ aims to show that barring such extremely rare situations that can be handled then using exceptional measures, libertarianism works, and therefore they are no reason to forego libertarianism altogether.

To show this, we go through situations where it seems like the free market would be unfair, and explain why they won't be an issue.

There are several ways to make a profit, life would be pretty boring otherwise. Examples include:

But none of these factors are so powerful that a company in a free market can extract exorbitant profits from a customer unwillingly paying with no better choice. Note that intellectual property would not exist in a libertarian system. Of course, people sometimes buy products/services without doing their due diligence or simply not caring enough about ease of quitting, ease of repair, control, etc., and later face difficulties, but that is simply the consequence of their own decisions.

Firstly, it's actually legal in the US to yell fire in a theatre, and their theatres seem fine. Anyway, theatres just legally requiring customers not to make disruptions would have the exact same effect as the government banning it.

Defamation is not fraud because no one has a legal agreement with the public by default to provide true facts only. If defamation was legal, there would be so many false accusations and fake evidence of the same, that most people would actually learn to think critically and not believe something until it has truly been verified. If a majority of people gain this skill, their critical thinking would be the predominant opinion, and anybody blindly believing things would have to be willfully blind.

Insider trading can discourage investment, and cause CEOs to hide information from employees. While there have been arguments that insider trading makes share prices more quickly go to their proper value, the true solution is that if investors dislike insider trading, companies can legally declare that they will only work with those that legally agree not to trade its shares or facilitate insider trading. If someone unaffiliated with the company simply overhears or comes across insider information, this won't stop them, but even if it were illegal, it would be nearly impossible to prove such a case.

For a stable society, people need assurance that they will not be spied on, so we must slightly extend the concept of private property to include personal space. Otherwise, someone repeatedly coming within a centimeter of you and using the "I'm not touching you" kindergarten taunt would be totally allowed. The extent of this personal space is context dependent, and could be the toilet, changing room, bedroom, underneath a skirt, etc. If someone's personal space is in overlap with your private property, you cannot immediately violate said space, but can ask them to leave, and take measures to remove them only if they don't comply within a reasonable timeframe.

It is important to note that nowhere is discrimination against every category prohibited. Nearly all businesses would turn down certain types of customers. Only discrimination against certain protected characteristics, usually (but not always) immutable ones, irrelevant to the business, is prohibited.

In a democracy, the passing of a law prohibiting discrimination against a certain group requires the majority to be against said discrimination. This means that this group won't be discriminated against by most people anyway. Those that do will suffer losses from missed customers. People strongly opposed to the discrimination may even counter-discriminate, boycotting those that do.

In such a situation, it doesn't seem all that necessary to legally prohibit discrimination, especially to libertarians, who believe that no one can be forced to serve another for whatever reason, even "social justice".

By the Kickstarter model – if a high enough number of people agree to pay your desired price, you take all their money and give them all the product. Otherwise no one's money is taken and the product is never released. This latter condition is needed so people don't just wait for cheaper copycats.

The latter situation isn't a novel scenario, the company miscalculated the demand, spent resources developing a failed product, and will have to eat the losses, something that will always hapoen.

If you're literally penniless and need immediate funds, see the section on welfare. Only join companies that allow employees to unionize. Or find funding and form a cooperative. If enough people join the union that there aren't enough ununionized empoyees left, the employers will have no choice. If that is not the case, either the conditions must not be so bad, or there are more people than needed in the industry, which means some people need to leave and libertarianism is just preventing wasted human effort.

The current system is dominated by government action, so fixing problems often requires even more government action. This does not say anything as to the feasibility of a fully libertarian system. Private entities take time to develop and immediately dismantling entire government institutions may not be the best move, hence why companies benefitting from government aid and intellectual property also need antitrust legislation, and why suddenly cutting subsidies/welfare can hurt a lot of people.

All claimed land will be privately owned; patronize places (neighbourhoods, restaurants, streets, beaches, parks, etc.) which implement the rules that you want. Such places also have an incentive to enforce said rules to not just attract but keep their target customers.

This is an unsolvable problem because there's no way to extract large amounts of value from a person without cruelty, and even with cruelty, there's a limit to how much you can extract.

If you believe unverified information, you will lose money.