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My Wife's Problem with Libertarianism's "Deregulate Everything": Here's My Response

1/3/2018

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Tom Woods Liberty Classroom

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We were listening to Bret Weinstein, on Joe Rogan the other day, [episode 1055](http://ift.tt/2CAuZxQ) and he addressed a problem that my wife always had with libertarianism. https://www.youtube.com/watch?v=LzAgSp_O03I When he discussed communicating with libertarians, he said they have a tendency to "hate all regulation". > Deregulate everything. -Token Libertarian But a completely unregulated market has extreme potential for predatory tendencies. The incentive for personal gain would lead some to prey on some unsuspecting consumers. More so, let's say a company provides a service or product that fills a consumer need, but unfortunately has unintended consequences, or is used in a manner it wasn't intended and caused injury or death. Our litigious society would sue that company out of business. **So if some regulation could be good, is the problem that we as libertarians are so used to bad regulation that stifles competition and holds back people/businesses that we are conditioned to think it better/safer to get rid of all regulation, since most of what we know of it is bad?** My wife's example: A company makes a widget. People live it and buy it, but having no regulation, they dump a hazardous by product in a lake. The free market finds out and opts to another comparable company that doesn't dump in a lake. Now company A is bankrupt and out of business. Free market wins! But you still have a dumpy lake. Had the regulation been in place initially, we would still have a good product, but also a clean lake. My personal thoughts are that property rights and a court system would ensure the lake gets cleaned up. And if you listen to the episode, you'll see that Bret Weinstein [presents the argument as a strawman](http://ift.tt/1hSZVUv) and uses “regulation” fast and loose. Obviously a law against murder is perfectly acceptable for a libertarian but he also defines government incorrectly. Government is force and libertarian philosophy isn’t about what you can do, it’s specifically about what you can’t do, which is [hurt people and take their stuff](http://amzn.to/2EQbRdG). Those are my thoughts. What are yours?

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