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tags: philosophy, economics, corporate power, libertarianism, (im)morality of markets
---
# A Critique of Liberterianism

How the defense of individual liberties may lead to an authoritarian regime:

\begin{align}
(1)\quad & \textrm{Liberterianism protects individual rights} & \textrm{axiom}\\
(2)\quad & \textrm{Right to unlimited property} & \textrm{from } (1)\\
(3)\quad & \textrm{No effective mechanisms for redistributing wealth} & \textrm{from } (2)\\
(4)\quad & \textrm{Concentration of wealth} & \textrm{from } (3)\\
(5)\quad & \textrm{Concentration of power} & \textrm{wealth = power}\\
(6)\quad & \textrm{Power defends wealth} & \textrm{axiom}\\
(7)\quad & \textrm{Restriction of rights for non-wealthy} & \textrm{from } (6)\\
\end{align}

### Remarks

(2) asserts that there is no limit on the amount of property that can be owned by a person or a corporation. This still allows for the Constitutional limits on property rights.