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| Political Parties and Ideologies Discuss all political parties and Ideologies here. Everyone is welcome to share their political beliefs here. |
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"If in the opinion of the people the distribution or modification of the constitutional powers be in any particular wrong, let it be corrected by an amendment in the way which the Constitution designates, but let there be no change by usurpation; for though this in one instance may be the instrument of good, it is the customary weapon by which free governments are destroyed." George Washington, Farewell Address, September 17, 1796. |
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Step 1. Deregulate toxic waste dumping. Step 2. Wait for some company to dump toxic waste. Step 3. Sue that company into bankruptcy in a civil court. Step 4. Twiddle thumbs while glancing around to see if anyone else wants to give it a try. |
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Obamanos! |
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Libertarians put the most importance on liberties, as the name implies. They do believe in limited government, not no government. Regulations are fine. They believe some government regulations and laws are needed. There is not rule for no government regulation. Libertarians are not anarchists.
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If you think passing regulatory laws has done a better job than that, let me know. As an aside, you could regulate such activities as externalities, and I doubt many libertarians would take issue with that. |
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It would of course be a foolish thing to do given the risk of a lawsuit (the cost of which would probably exceed the alternative cost of proper toxic disposal). Essentially, you are asking the question about how to deal with negative externalities. Such issues affect all political systems in various ways, not just libertarian theory. Heavily regulated markets under democratic governments are apparently incapable of dealing with a similar effect known as the 'tragedy of the commons'. Essentially, the flaw is in our legal structure and our eonomic system that places no material value on non-market elements. This is a problem whether one approaches the issue from a libertarian perspective or an authoritarian statist perspective. The problem is not the perspective of approach, but the integral market failure to price non-market goods (fresh air or fish in the oceans). |
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