3 Matching Annotations
  1. Feb 2017
    1. Right, well of course people don’t look up product information now because the government regulates that for them. In a real libertarian society, they would be more proactive.

      Most people don't care, or trust the big companies. I do that. I also think that the existence of some government regulation incentive companies to not sell poisoned food.

      On the other hand, there is certification, independent certification, and these are being used today and trusted by people today. It's reasonable to supposed independent certification would be much much greater in a libertarian world.

      Of course certification would not cover every field, every product and every possible problem, but neither does the State.

    2. For a boss to fire a worker is at most a minor inconvenience; for a worker to lose a job is a disaster. The Holmes-Rahe Stress Scale, a measure of the comparative stress level of different life events, puts being fired at 47 units, worse than the death of a close friend and nearly as bad as a jail term. Tellingly, “firing one of your employees” failed to make the scale.

      Because of State labor laws, stupid. They make it hard to change jobs, hard to fire workers and hence hard to hire workers. In a libertarian world this would in principle be much smoother.

    3. Once the employee is hired, the boss may ask on a moment’s notice that she work a half hour longer or else she’s fired, and she may not dare to even complain. On the other hand, if she were to so much as ask to be allowed to start work thirty minutes later to get more sleep or else she’ll quit, she might well be laughed out of the company. A boss may, and very often does, yell at an employee who has made a minor mistake, telling her how stupid and worthless she is, but rarely could an employee get away with even politely mentioning the mistake of a boss, even if it is many times as unforgivable.

      Here and after the author treats as a libertarian problem what happens today under the rule of the State labor laws.

      In a world without State labor laws, contracts would apply. Contracts could evolve and have all these situations expected in their clauses. Also, this seems to me to be a case for actually working law (which the criticism imagines as unexisting in a libertarian society): https://hypothes.is/a/PBirDvnYEeaWvjeIs4H9kg.