The presidential election is in full swing and, if you were to listen to the media, it would appear that Americans have a choice between two completely opposed factions. On the Left, you have Barack Obama and the Democrats representing big government and progressivism, while on the Right, you have Mitt Romney and Paul Ryan representing small government, free markets, and conservatism.
But is this an accurate depiction?
If Romney and Ryan were to win, and if they were to eliminate an assortment of regulations and reduce welfare – as their rhetoric would suggest – would this herald a return to a free market?
Or, does a free market society represent something radically more different?
Some of the points of discussion in this interview with Dr. Sean Gabb, the Director of the Libertarian Alliance, a British free market and civil liberties think-tank, include:
- Does free market = today’s economic system – the regulatory and welfare state?
- Does government artificially enhance economies of scale?
- Should libertarians defend the profits of corporations?
- What are some of the ways that people are denied the opportunity to make a living for themselves today that would exist in a truly free society?
- The importance of paying attention to the conditions under which markets today arise.
This interview highlights a number of important issues that libertarians must keep in mind when discussing today’s economic system and the prospects for a more free society.
This excellent 20 minute interview was created by RFM Contributing Editor Mr. Luke McGrath.
Please listen here RFM Sean Gabb and Luke Mcgrath Final 092312