Monday, October 30, 2023

Libertarianism and the Importance of Causality

Even though support for the free market has become stronger in the last decades, libertarianism can still only be considered a fringe movement. Most people still believe that many social problems are due to “market failure” and therefore require State intervention to be “solved”. Despite the obvious flaws of modern socialism, with its unlikely combination of redistributive welfare state and globalist crony capitalism, and despite libertarianism’s robust philosophical and empirical foundations, the liberalism of Ludwig von Mises is still far from enjoying the majority support that it so amply deserves.