Quote:
Originally Posted by Lucy - CSC
Why is being a 'true libertarian' a good thing? The privatisations done by Margaret Thatcher in the 80s totally fucked up the UK.
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There's nothing libertarian about the neoliberal privatizations (as seen under Thatcher or in Argentina). Those "privatizations" were just another form of corporatism. They used money acquired through taxation to build companies and infrastructure. They then protected those companies from competition and continued to fund them with the taxpayer's money (essentially removing any incentive to run a cost effective operation). They then sold those companies to their cronies at submarket prices.