libertarianism

For each of the two versions of libertarianism we have discussed in class, explain in detail what you think are the two main strengths and weaknesses of each version, in comparison with the status quo. Which of these two versions of free-market philosophy do you think makes more sense? Explain why. In your defense of your chosen philosophy, make sure to include an assessment of how well it deals with the current problems of unequal wealth distribution.

LIBERTARIANISM

TOTAL LIBERTARIANISM the government should write rules that protect individual property rights: no force, no theft, no fraud, no breach of contract (Robert Nozick)

MODERATE LIBERTARIANISM the government should write rules that protect full and free competition (=no monopolies, no oligopolies, no vertical integration)

→what about eminent domain? (See Supreme Court decision S&B 128b)

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