A New Essay from
The Libertarian Alliance Contact Details: Dr Sean Gabb 07956 472 199, sean@libertarian.co.uk |
Excerpt:
Some libertarians seem so pro-corporate in their thinking that they have forgotten the original reason why they supported a free economy in the first place. A particularly nasty example is an article in The Spectator by Steve Davies of the Institute of Economic Affairs, entitled ‘Cracking down on payday lenders will hurt the poor’ (see here). I’m not at all sure that Dr Davies is concerned about the poor. Debt peonage is not really what a free society is all about. I envisage a libertarian society more along the lines of people being able to earn enough money, and keep it, to live their lives without subsiding parasites of various descriptions. Payday lenders are among those parasites, as is the state. There is little difference between the financial services companies and the state today (this is really what “too big to fail” means). Davies writes: Continue reading
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The Libertarian Alliance (Carbon Positive since 1979)director@libertarian.co.uk Tel: 07956 472 199
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Sunday, 7 July 2013
Debt in a Free EconomySunday, 7 July, 2013 19:39
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