Libertarian political philosophy, as a practical matter, does not offer a prefabricated set of solutions to collective problems. Rather, it’s a liberty-based approach to ameliorating collective problems that begins by acknowledging (among other things) the dispersion, incompleteness, and tacit dimension of relevant knowledge. Thus, the approach favors decentralization, competition (in ideas and services), and choice about what trade-offs to make and with whom to cooperate. Perhaps ironically, to succeed, individualism requires and produces the collective intelligence that only markets embody.
Trump Debuts the Next US Navy Ship Disaster
POTUS revealed the latest US naval ship catastrophe, the Mango Emperor-class battleship. Apparently he and his staff did not get the memorandum from 8 December 1941. The US Navy has not built a successful hull since the Arleigh Burke (early 90s) and has had huge...