I just don't get libertarians. They're great at pointing out problems but never seem to offer realistic solutions.
I think the default libertarian solution is "don't do anything, the problem will take care of itself", which in point of fact often is a better idea than the hodge-podge, incoherent "solutions" that actually get adopted.
On the other hand, perhaps you're asserting that "do nothing" isn't a realistic solution in the sense of being politically impossible to implement; in which case you'd be completely correct, which is why libertarianism remains a fringe political position for naive idealists (along with many other philosophies that could plausibly work better than the status quo).
Most of the issues he cites exist because the free market failed people in the past and there was public outrage over a government that allowed it to happen.
...to be fair, most problems caused by the market arise because of perverse incentives and government meddling that allow profiteering looters to exploit the system at everyone else's expense. The counterintuitive part is that reducing regulation is roughly as likely to "create" these problems as solve them, because in a semi-stable equilibrium removing one distortion may open a new opportunity to abuse an existing one.
The energy crisis in California is an excellent example of such, where making a (stable, inefficient, heavily regulated) market more free created exploitable distortions that allowed a bunch of (unprintable) people to screw everything up.
I think the default libertarian solution is "don't do anything, the problem will take care of itself", which in point of fact often is a better idea than the hodge-podge, incoherent "solutions" that actually get adopted.
On the other hand, perhaps you're asserting that "do nothing" isn't a realistic solution in the sense of being politically impossible to implement; in which case you'd be completely correct, which is why libertarianism remains a fringe political position for naive idealists (along with many other philosophies that could plausibly work better than the status quo).
Most of the issues he cites exist because the free market failed people in the past and there was public outrage over a government that allowed it to happen.
...to be fair, most problems caused by the market arise because of perverse incentives and government meddling that allow profiteering looters to exploit the system at everyone else's expense. The counterintuitive part is that reducing regulation is roughly as likely to "create" these problems as solve them, because in a semi-stable equilibrium removing one distortion may open a new opportunity to abuse an existing one.
The energy crisis in California is an excellent example of such, where making a (stable, inefficient, heavily regulated) market more free created exploitable distortions that allowed a bunch of (unprintable) people to screw everything up.