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Won’t Big Businesses Abuse Their Power in a Free Market?

in Communicating Liberty, Liberator Online Archives, Libertarian Answers on Issues by Mary Ruwart Comments are off

(From the Ask Dr. Ruwart section in Volume 19, No. 21 of the Liberator Online. Subscribe here!)

Big BusinessQUESTION: If you free big businesses from government regulations, how do you keep these same businesses from becoming an aristocracy and turning America into a feudal state?

MY SHORT ANSWER: In a libertarian society, you, the consumer, control businesses by voting to buy or not buy their products. You vote to keep them in business or shut them down. You eliminate the “bad guys” by purchasing only from the “good guys.”

In today’s society, government regulates some companies out of business, leaving a monopoly (like most local utility companies) or a cartel (like the banking industry). Limiting your choices limits your control.

Government doesn’t keep big business in check; government keeps big business big.

Business only has two ways to get big: by serving customers better than the competition or by getting Big Brother to regulate their competition out of business. Keeping government out of the marketplace keeps business in its true service role.

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LEARN MORE: Suggestions by Liberator Online editor James W. Harris for further reading on this topic:

* “Big Business and Big Government“ by Tim Carney, Cato Institute Policy Report, July/August 2006.

EXCERPT: “The history of big business is the history of big government. As the federal government has progressively become larger over the decades, every significant introduction of government regulation, taxation, and spending has been to the benefit of some big business. …big business and big government prosper from the perception that they are rivals instead of partners (in plunder). The history of big business is one of cooperation with big government. Most noteworthy expansions of government power are to the liking of, and at the request of, big business.”

* “The Only Way to Get Money Out of Politics“ by Sheldon Richman, Future of Freedom Foundation.

EXCERPT: “It’s a great myth that businesses, especially big prominent corporations, want less government intervention in the economy. On the contrary, they love government power because it provides things they can’t achieve in a freely competitive marketplace where force and fraud are barred. Corporations support and lobby for interventions that benefit themselves by hampering their competitors, both foreign and domestic. You often find companies asking for tariffs and other restrictions on imports that compete too effectively with their products. Agribusinesses welcome government (taxpayer) help in selling their products abroad; they also love subsidies, price supports, and acreage allotments. … In American history big companies were behind virtually ever advancement of the regulatory state.”


Short Answers to Tough QuestionsGot questions?  Dr. Ruwart has answers! If you’d like answers to YOUR tough questions on libertarian issues, email Dr. Ruwart

Due to volume, Dr. Ruwart can’t personally acknowledge all emails. But we’ll run the best questions and answers in upcoming issues.

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Dr. Ruwart’s latest book Short Answers to the Tough Questions, Expanded Edition is available from the Advocates, as is her acclaimed classic Healing Our World.

Buckley for Senate

in Liberator Online Archives, Libertarian Party by James W. Harris Comments are off

(From the Intellectual Ammunition section in Volume 19, No. 12 of the Liberator Online. Subscribe here!)

John BuckleyOne of the most famous family names in American political history is once again on the ballot and in the national news.

John Buckley — cousin of the renowned late conservative icon William F. Buckley and former U.S. Senator James L. Buckley — is running an active campaign as Libertarian Party candidate for U.S. Senate in West Virginia.

And he’s already drawing significant national attention. The Washington Post recently described his campaign as one of seven U.S. senate races in which a Libertarian Party candidate could win enough votes to affect the outcome of the election, thus forcing the campaigns of both older party candidates to seriously consider supporting libertarian positions if they want to win.

Said the Washington Post: “John Buckley knows something about winning political races. He’s a former state legislator in Virginia, and a former employee at the American Conservative Union, the Cato Institute and the Law and Economics Center at George Mason University.” He’s also a past National Chairman of Young Americans for Freedom and has worked for the Institute for Humane Studies and the National Tax Limitation Committee.

At his campaign website he sums this up: “All through my life, I’ve worked to promote freedom and prosperity.” His lifetime of political experience, he says, soured him on the Republican Party as a vehicle for liberty and led him to the Libertarian Party.

Buckley tells more about his background and beliefs at his Facebook page:

“I turned 60 in 2013 and, with what I see happening under the presidency of Barack Obama (and even the astonishing growth of government under President George Bush), I want to do my part to try to turn America around. We need less government, not more!

“I have also realized that principles of limited government should be applied across the board, not just as to taxes, spending, and economic regulation, but to personal, ‘lifestyle’ decisions as well. Thus, I favor drastically lowering the level of federal government taxes and spending, embracing Second Amendment gun ownership rights, and respecting private property;

“I also support the legalization of marijuana (common sense tells us it’s time to end the ruinously expensive, counterproductive, and failed ‘War on Drugs’), same-sex marriage, and ending Big Brother’s snooping and spying on American citizens.

“Most Americans don’t like being told what to do and don’t relish telling others what to do, either. The American way is ‘live and let live.’ We may not like the decisions our friends and neighbors make, but we express our moral suasion voluntarily (through churches and family and other peaceful expressions of community standards), not through laws and dictates.

“We certainly don’t like politicians, and especially not Congress or whoever is president, telling us what to do. Whether it’s fluorescent light bulbs, ‘Big Gulp’ sodas, how we run our businesses, how we choose to meet the moral obligation to help our neighbors in need, the curriculum of our children’s schools, our right to keep and bear arms, what we smoke or drink, who we can love or the terms of our health-care.

“I am in favor of liberty — that’s what ‘Libertarian’ means, favoring liberty. It’s the American way of life, but I’m afraid the principles of liberty have been largely abandoned under mainstream Republicans and Democrats. Let’s reclaim the greatness of the American system of limited government. I’ll hope you’ll join me in this campaign.”