ZeroHedge is an occasionally-reliable, often-interesting source for news from a vaguely libertarian perspective, in addition to financial news from a vaguely Austrian perspective and breathless reportage that, any day now, the stock market is going to go either down or up unless of course it stays the same, so you should probably buy futures contracts, gold, and bitcoin all at the same time.
Hey, things could be worse. They could start running openly communist claptrap about how capitalism has failed and needs to be replaced with something more "fair."
One of the foundational questions libertarians need to have a response to is the ever-popular "who will build the roads?" The question has a sort of superficial plausibility to it; most of the roads we see in our daily lives, after all, were built by, and are allegedly maintained by, some government or other. There is, however, no substance to the idea; the best and most concise explanation of how absurd this question is was given by Tom Woods, who said:
"Who will build the roads?" is the question that belongs at the top of every libertarian drinking game. If we didn’t have forced labor, the argument runs, there would be no roads. There’d be a Sears store over there, and your house over here, and everyone involved would just be standing there scratching their heads.
Clearly roads are a socially desirable good, and, given that it’s rather a challenge for people to get to work or go shopping — which is to say: produce or consume — without them, there’s quite an obvious and powerful incentive to build them. It should go without saying that, even in the absence of coercion, roads would get built. As to the specific question of who would build them, here it’s important for libertarians to be cautious; there’s a natural tendency to push the argument too far and attempt to outline some scheme by which we imagine the roads could be built, but, in reality, the most a libertarian can say in response to "who would build the roads if not the government" is "somebody else."
The Adam Smith Institute’s Tim Worstall claims to be one of the world’s foremost experts on scandium. Whether or not this is true I am ill-equipped to say, as I know almost exactly nothing about scandium. I assume they use it to make scanners, and I was figuring it was probably from Sweden, but then I realized I was confusing it with Scandinavium, a similar metal so heavy that Iron Maiden’s played there nine times. Anyhow, the point is: I don’t know anything about scandium, and I freely concede, in advance, any arguments about scandium I ever get into against Tim Worstall, who knows much more about scandium than he does about socialism. Sadly, it’s the latter he’s chosen to write about today, in an utterly bizarre article nominally about the mining strikes in Bolivia.
If you haven’t been following the Bolivian mining strikes, they’ve now escalated to the point where Deputy Minister of Internal Affairs Rodolfo Illanes was recently kidnapped, tortured, and murdered by the strikers. Our friend Tim Worstall would have us believe that the strikers are protesting against socialism, but is that really the case? We’ll explore that very soon, but before we dive into the pièce de résistance, we need to whet our appetites with this lovely little amuse-bouche of stupidity:
Around here we usually make fun of Bolivarian socialism by reference to the idiocies which Nicolas Maduro has been imposing upon the people of Venezuela. They do, after all, call their system "Bolivarian socialism." Across the continent, in Bolivia, we also have a closely related Bolivian socialism. Evo Morales has often said that he takes inspiration from Hugo Chavez, and that the system he is using in Bolivia is similar. So, Bolivarian socialism in Bolivia then. Umm, perhaps both Bolivian and Bolivarian socialism?
Why yes, those do sound rather similar! What an astonishing coincidence! On a related note, I’ve always found it weird how similar the titles of Superman and Superman II are. What do you suppose were the odds that would just happen by chance, as it so obviously did? The universe is a mysterious place, my friends!