Hot take on economics 

@freakazoid For a long time my trite dismissal of Libertarianism was: "It's a fundamental inability to understand or acknowledge that wealth is in fact power."

When I finally started reading Adam Smith and found his "Wealth, as Mr Hobbes says, is power", I was gobstopped. That had been a principle gripe about economics (Libertarian or otherwise), and Smith directly confronted and acknowledged it.

There's another error I see now that is deeper: Weber & NAP.

@woozle @o

Hot take on economics 

@freakazoid And yes, the actual government and actual army got involved, and on the wrong side, because, well, Wealth as Mr Hobbes says is power, and that shit happens. But that wasn't the initial trigger.

You can look at much of the labour unions movement and conflict as well, Battle of Blair Mountain, Pinkertons, Leadville, Triangle Shirtwaist, and far, far more.

And all that's before we even get to markets, free or otherwise.

@woozle @o

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