It’s like Gary’s Economics says in The Changing Shape of Great Britain: When the rich own all the wealth, ordinary people can’t work for each other, so they have to work for the rich to make goods that are sold to the rich.
It’s all a pretty half-hearted way to address the obvious:
We printed something like 7 trillion dollars, which is about 28k per adult.
If you and everyone you know are not 28k richer than you were before COVID, then someone has your money.
It’s probably someone rich. And you know what the rich do with more money? They don’t spend it on goods and services. They buy assets, to make them even more money — money that comes from you.
I feel there now has to be a distinction made between “Capital Libertarians” and “Individual Libertarians”.
You might be interested in Isaiah Berlin’s “Two Concepts of Liberty”.
Basically, there is no absolute thing called “liberty”, because anything you do changes the material world and the state of the material world also shapes what you’re able to do. So you can’t talk about simply “liberty”, and must always describe it in terms of those two relationships. What Berlin calls “freedom to” and “freedom from”.
For instance, I might consider my liberty to mean that I have the “freedom to” shoot a gun in the air. My neighbors might consider their liberty to mean that they have the “freedom from” falling bullets.
We can’t create a policy which guarantees both “freedom to” and “freedom from” for all people. But we can create a policy that guarantees both for some people. We just have to allow that some people get to enjoy both the rights and the protections, while other people lack the rights and must suffer the consequences of others’ actions.
And that might be why the contemporary conservative version of so-called “libertarianism” plays so well with a notion of a superior social class, whether that’s economic, religious, or racial. You can invoke the word “liberty” in support of your attempts to bully others, and then you can invoke it again as a protection against others’ attempts to bully you.
I love how economic reporting is always framed as “these quirky little consumers’ wacky proclivities!” and not the inevitable consequences of increasingly-concentrated wealth.
It is strange and striking that climate change activists have not committed any acts of terrorism. After all, terrorism is for the individual by far the modern world’s most effective form of political action, and climate change is an issue about which people feel just as strongly as about, say, animal rights. This is especially noticeable when you bear in mind the ease of things like blowing up petrol stations, or vandalising SUVs. In cities, SUVs are loathed by everyone except the people who drive them; and in a city the size of London, a few dozen people could in a short space of time make the ownership of these cars effectively impossible, just by running keys down the side of them, at a cost to the owner of several thousand pounds a time. Say fifty people vandalising four cars each every night for a month: six thousand trashed SUVs in a month and the Chelsea tractors would soon be disappearing from our streets. So why don’t these things happen?