Libertarianism FAQ @libertarianism 0

At first glance, it would seem pretty ironic for an FAQ that lambasts intellectual property rights to place restrictions on its own distribution, even if just attribution. But asking for attribution is consistent with libertarianism.

It is to prevent people passing this FAQ off as their own work, as they could get social/monetary benefits from doing so, and that should be considered fraud. Even if they don't explicitly claim to be the author when using its contents, that is likely to be assumed by most readers, so not explicitly disclaiming it should be treated as fraud.

This does not mean that anyone who doesn't provide attribution must be sued into oblivion; the punishment must be proportional to the crime, after all, and in most cases, any personal clout gained from omitting attribution will be negligible. But for the very few cases where it's not, the license facilitates the prosecution of such fraud in the current legal system.

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 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.

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.

That the person you're about to attack may have a gun on them will deter the majority of attackers. If nobody had guns, only melee weapons, it would be easy for a group to attack someone, say with baseball bats, etc., suffer little to no injury themselves, and get away. If everyone has a gun, you can ambush someone on the street, but will likely get killed by bystander. If you target someone in a location where they see/hear you coming, like their home or workplace, the attackers will suffer more harm than the "victim". This is more effective deterrent and solution to attacks than the police, who can almost always arrive only after the crime is over.

In countries with gun rights, like the US, the chance of someone not involved in crime being killed in a shooting is very low, and the number of victims in suicidal mass shootings can be minimized if even more bystanders have guns. It is unfortunate that it is impossible to quantify the number of attacks/muggings that never happened because the possibility of people being armed stopped them. This number is almost certainly huge.

Moreover, one otherwise cannot guarantee that the government will never ever turn tyrannical. An armed populace almost certainly can.

When you enter a building, buy a product, or avail a service, you have a reasonable assumption of safety and efficacy. If this is not true, not providing a clear warning is fraud. Private organizations that verify the same will naturally pop up. Obviously, them making false assurances would be fraud as well.

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.

That would be confinement. You can't just build a wall around someone and say, "Hey, I haven't harmed you or your property." You are still violating their property rights, more specifically, their right to access property.

The owners of roads are incentivized to set reasonable rules so that people want to use their roads.

Everything we do is an investment, with the potential for profit and the risk of loss. The same applies to education. You invest money from loans or personal funds to undergo training. You take on the risk of flunking or the skill you learnt lessening in demand. The true value of any investment is the value people give to in a free market. There is no reason to forcibly transfer money via taxation and give extra favors to one type of investment, subsidising it by taxing (artificially and additionally disadvantaging) others.

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.

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.

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.

If you believe unverified information, you will lose money.

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.

If the wages for a profession seem too low, it's because there are too many workers in the industry – the free market is just disincentivizing wasted human effort. Leave the job – if you have no other skills, invest in education. If enough people do, wages should rise. Of course, wages won't go beyond the profit each worker can generate, but that shouldn't be the limiting factor for the vast majority of jobs. If it is, and not enough people are willing to work for those wages, the companies will have to come up with some way of improving worker productivity.

Yes, every four or five years, a single government is elected that does every single one of the thousands of government functions. Voters don't perform a careful analysis of how efficiently these thousands of fuctions were performed compared to the previous ruling party. Since these governments also have the power to make various laws with sweeping societal effects, here's what actually happens:

Thus the incentive for the branch performing each function to do so efficiently is extremely small. A highly specialized and efficient agent is hindered by having to join, obey, and share in the outcomes of, this inefficient behemoth. In a libertarian system, the sole function and power of the government would be the enforcement of the NAP. This is best done at the local level. Any subjective laws passed will be based on local opinion, eg., laws protecting those incapable of consenting (children, the mentally disabled, etc.), laws against endangering others' safety, etc. The best performing government in each region can be elected, as opposed to the best one averaged across all regions. This is why libertarians want powers transferred from the federal to the local government.

A government not supported by the majority cannot sustain itself without tyranny. They will eventually get rid of the current government and laws, even amend the constitution, if needed, to get their way. Thus it is impossible to maintain libertarianism by restricting voters or their power.

To achieve a libertarian country, either the majority of people in an existing country must be convinced of its merits, or libertarians must come together to form a new nation. And if the majority is libertarian, they will vote as such, maintaining the minarchy.

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.

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.