{"id":928,"date":"2020-09-19T14:59:46","date_gmt":"2020-09-19T21:59:46","guid":{"rendered":"http:\/\/bruceramsey.net\/?page_id=928"},"modified":"2025-07-20T16:23:18","modified_gmt":"2025-07-20T23:23:18","slug":"the-libertarian-peak-2018","status":"publish","type":"page","link":"https:\/\/bruceramsey.net\/index.php\/the-libertarian-peak-2018\/","title":{"rendered":"The Libertarian Peak (2018)"},"content":{"rendered":"\t\t
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In 2018 I started writing for the Liberty<\/em> web page again after four years of concentrating on my book, The Panic of 1893<\/em>. I started thinking about libertarians and libertarianism, and was more disappointed than not. This was published on Liberty’s<\/em><\/span> web page, June 13, 2018.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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It\u2019s been a long time since there was a new libertarian book I wanted to read. Or a libertarian argument I itched to join.<\/p>

Libertarian thought isn\u2019t what it used to be. Nor libertarian influence. I think it peaked in the \u201990s.<\/p>

Think back on that time. In 1994 the Republicans rallied against Hillary Clinton\u2019s health insurance plan and took back the House of Representatives for the first time in 40 years, and with a staying power they hadn\u2019t had in 70 years. Bill Clinton tacked to the right, famously saying in 1995, \u201cThe era of big government is over.\u201d Whether or not Bill meant it, it meant something that he said it.<\/p>

Politicians get their proposals from ideas current at the time. If the New Deal was socialistic, it was because in the first half of the last century, socialism was in the air. Similarly, Bill Clinton did some pro-market things in the \u201990s that Democrats wouldn\u2019t have done 70 years before.<\/p>

The reigning ideas had changed. When Richard Nixon got rid of the draft, the idea came from the free-market economists, principally Martin Anderson and Milton Friedman. Starting under Jimmy Carter and continuing under Ronald Reagan, the federal government followed the advice of the economists and ripped away price and entry controls over airlines, trucking, and natural gas. It opened up the telephone industry to competition and removed interest-rate controls on banks. The New York Stock Exchange freed itself of controls on commissions. The Supreme Court freed professionals of controls on advertising. When unions failed to seed themselves in the new tech industries, they lost their grip on most of the private economy.<\/p>

Under Clinton, the government supported the extension of private property into the radio spectrum and into the North Pacific fisheries for halibut and black cod. Clinton signed the Republicans\u2019 North American Free Trade Agreement and the Republicans\u2019 welfare reform.<\/p>

In the last half of the \u201990s came the dotcom boom. Bill Gates, Steve Jobs, Jeff Bezos and others became cultural figures in a way that businessmen hadn\u2019t since the 1920s. The Democrats were happy with the dotcom boom. Al Gore even claimed parenthood of the Internet.<\/p>

All this was totally unlike the reigning Democratic thought of the 1930s, 1940s, 1950s, or 1960s.<\/p>

And in the \u201990s there came peace. For the first time since Adolf Hitler,\u00a0America had no enemy.<\/i>\u00a0That was a new and wonderful thing.<\/p>

None of this is hardcore libertarianism, but think of what libertarianism really is. The essence of it is that your life belongs to you, not the community. Libertarians celebrate the private life. Well, the biggest threat to private life is war. From 1940 through 1973, the military could pluck a young man out of private life against his will, put a gun in his hands and make him bellow, \u201cYes,\u00a0Sir!<\/i>\u201d But even with the draft gone, war still skews thought and feeling. It limits what a society can afford, what it can allow, or even what it can discuss. Remember how war constricted public dialogue after Sept. 11, 2001.<\/p>

Libertarians like to say their philosophy is about freedom, but it is a particular brand of freedom. The Left offers a brand of freedom: \u201cJust let us control your work and property, and you can be\u00a0free<\/i>\u00a0of worry about food, shelter, schooling, transportation, sickness, and old age.\u201d The Left dismisses the libertarian\u2019s freedom as \u201cthe freedom to starve\u201d \u2014 which, among other things, it is. The freedom to venture out includes the freedom to fall on your face. And if enough individuals crash and burn, people may decide the system that allows it is not worth it. The libertarian\u2019s freedom requires a large dose of self-reliance \u2014 and in the \u201990s, self-reliance was pushing forward with welfare reform and the most entrepreneurial economy since the 1920s.<\/p>

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Regarding self-reliance, the frontier political struggle was for private accounts within Social Security. Here was a proposal to phase down payments out of a common pot under government control and phase in individual accounts under private control. Libertarian purists were prissy about it, because the individual\u2019s control was going to be limited and the contributions would still be compulsory, but these were not realistic people, and nothing was ever going to satisfy them. The limited Social Security \u201cprivatization\u201d would have been a big change, a culture-shifting change. The Left sensed how big it was, \u00a0\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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and denounced it in an emotional fury as a Wall Street plot to make financiers rich. It wasn\u2019t that. I knew who the proponents were. I had interviewed some of them and written about them. I had read their books. They weren\u2019t trying to make money; they were trying to make the world better. The most credible ones, the ones from the commercial world, made an economic case that had to do with individual wealth, not Wall Street\u2019s profits. (For example, see\u00a0The Real Deal: The History and Future of Social Security,\u00a0<\/i>by Sylvester Schieber and John Shoven, published by Yale University Press in 1999.)<\/p>\n

We forget that in the private sector, individual accounts\u00a0did<\/i>\u00a0push aside \u201ccommon-pot\u201d pension plans. They\u2019re called 401(k) plans. They increase the individual\u2019s chance to gain and also his risk of loss \u2014 a net gain for self-reliance. They were put in by employers, not by employees. But with Social Security, the Democrats appealed to employees\u2019 fear of loss, and the \u201cprivatizers\u201d were defeated \u2014 decisively. Given a choice, Americans stuck with the system designed in the 1930s. And those who keep predicting that Social Security will fail are wrong. It won\u2019t. Congress will fix it by raising taxes, probably by eliminating the cap on taxable income. If they have to, they\u2019ll cut benefits in some gentle and technocratic way.<\/p>\n

It has been years since Republicans talked about private accounts in Social Security. It\u2019s a dead body they don\u2019t want to be reminded of. Donald Trump vowed never to go near it, and he won\u2019t.<\/p>\n

The \u201990s were the time of greatest libertarian momentum. By my reckoning, they ended with several events.<\/p>\n

The first event was the protest against the World Trade Organization in my hometown, Seattle, on November 30, 1999. The Left came out \u2014 tens of thousands of them \u2014\u00a0against trade<\/i>. I had imagined that the Left had withered away like the Marxian state, but I was wrong. They were\u00a0here<\/i>. They would come again as Occupy Wall Street, and in the Bernie Sanders campaign, loud and obnoxious.<\/p>\n

The second event was the end of the dotcom boom in early 2000. You can extend the rules of capitalism when there is a surplus of happiness. Not otherwise.<\/p>\n

The third event was the attacks of September 11, 2001. George W. Bush wasn\u2019t going to be a free-market president. He was going to be a war president, if he had to start one himself.<\/p>\n

After the war Bush started came another recession, worse than the one before it. Bankers and capitalists were seen to be bad, and Alan Greenspan was ejected from the people\u2019s hall of heroes.<\/p>\n

And then came Barack Obama, and now Donald Trump.<\/p>\n

Can anyone argue that libertarians are progressing?<\/p>\n

Has there been a libertarian moment to compare with the \u201990s? There were the campaigns of Ron Paul \u2014 which amounted to what?\u00a0What did they achieve?<\/i>\u00a0Paul has not changed the Republican Party, as Barry Goldwater famously did.\u00a0Donald Trump<\/i>\u00a0has changed the Republican Party, and into an anti-immigrant, anti-trade, resentful mess. Ron Paul\u2019s son is still in the Senate, but one man does not a movement make. Note the exit of Sen. Jeff Flake, Republican of Arizona \u2014 not a good omen.<\/p>\n

So where are we, now? Here in Seattle, with my city council putting a (since-retracted) head tax on Amazon in order to succor the squatters on public land \u2014 and passing out tax-funded vouchers to donate to dingbat political candidates \u2014 it feels like a socialist moment. I also read in the press that Democrats across the country have turned left, and are toying with such Bernie-style ideas as free college for everyone, Medicare for everyone, and a guaranteed job for everyone. There is even babbling out there for UBI \u2014\u00a0universal basic income<\/i>.<\/p>\n

For everyone.<\/p>\n

Those are all hobgoblin ideas until you think of the typical American Democratic politician that we all know trying to define them, sell them, and get the average American to love them and pay for them. I imagine that, and I feel better. I think the socialists are selling something Americans won\u2019t want to buy.<\/p>\n

Anyway, I hope so.<\/p>\n

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In 2018 I started writing for the Liberty web page again after four years of concentrating on my book, The Panic of 1893. I started thinking about libertarians and libertarianism, and was more disappointed than not. This was published on Liberty’s web page, June 13, 2018. It\u2019s been a long time since there was a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-928","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/bruceramsey.net\/index.php\/wp-json\/wp\/v2\/pages\/928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bruceramsey.net\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bruceramsey.net\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bruceramsey.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bruceramsey.net\/index.php\/wp-json\/wp\/v2\/comments?post=928"}],"version-history":[{"count":4,"href":"https:\/\/bruceramsey.net\/index.php\/wp-json\/wp\/v2\/pages\/928\/revisions"}],"predecessor-version":[{"id":1549,"href":"https:\/\/bruceramsey.net\/index.php\/wp-json\/wp\/v2\/pages\/928\/revisions\/1549"}],"wp:attachment":[{"href":"https:\/\/bruceramsey.net\/index.php\/wp-json\/wp\/v2\/media?parent=928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}