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material wealth is overrated Anonymous 08/08/2020 (Sat) 08:36:00 Id: 30e967 No. 3515
we libertarians focus too much on material wealth. Take for example globalization. The markets opened up the material wealth has increased, that's a fact. The problem is that people want things to do to feel like part of a society. Material wealth is truly desired only when a basic need is not met, and honestly all our basic needs are basically fully met outside of healthcare, which is the only thing that can truly increase meaningfully with an increase in material wealth. Since we only think about healthcare when we fall ill, most people probably would prefer to be part of a society where we have a role than a wealthier society, as long as our basic needs are met. I vaguely remember a Tom Woods episode in which the guest defended globalization by saying that Obama saved a company that was producing tires, by putting tariffs on tires from Mexico. This way Obama saved like 400 jobs but the cost on the people was supposedly billions in increased tires price so it would have been cheaper even to just give hundreds of thousands to the 400 workers and fire them. Now, while this reasoning has many merits, I think it underestimate the value that people put in having a role in society. People want a role and people don't like change. People don't like to be fired and they probably prefer having less material wealth but a stable job with decent status than having to compete on rent with rich chinese immigrants or having to change job or even not having a job at all and living on welfare or even living as unemployed just on the fact that the price of goods is so low they throw basic goods at you or whatever else you can think of about the effects of globalization and more material wealth. I'm not advocating for a top-down solution, but I think we don't think enough about this, or at least I don't know what libertarians (especially the mises-kind) have to say about this. It's also another reason why I'm skeptical about UBI, even assuming it can work economically (which it can't).
>>3515 Yes, I agree. I think that wealth is important and there can never be enough of it, but that's just half of the story and not the half that people really care about, the other half is as you said, that people want to feel like part of a society, they want to stick with their preferred role, and to add to that - they want to know that their way of life will be protected. This is where economic libertarianism falls, and I guess that's why Hoppe talks about the covenant communities concept so much - as a way to "patch" this problem and destroy the myth of ancap supposedly throwing you into a cold competitive world where you're forced to fend for yourself. Another problem is that the term "anarcho-capitalism" itself is extremely off-putting, first it implies that you need to have 200IQ and learn everything there is about economics to be an ancap, the second implication is that we want anarchy for corporations and rich people. This isn't exactly the descriptor that would conjure utopian visions or something that speaks to our primitive unconscious side, at least not in a positive way. >I think we don't think enough about this It's already been thought about. What we're talking about is basically panarchy, ie: libertarianism without economics, ie: libertarianism for normal people. In my experience, discussing Austrian school economics and Rothbardian libertarianism mostly works for nerds like me, but panarchy is really easy for anyone open-minded enough to learn and who isn't a completely immoral psychopath that they can't agree on voluntarism and private property as good things to have in society. http://panarchy.org/indexes/panarchy.html
Could this not be achieved via contracts (e.g. tenure, covenant communities, insurance)?


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