Why Libertarianism is a Crock

from Huffington Post by Daniel Brook

Jonathan Swift couldn't have thought up a better satire. John Mackey, CEO of Whole Foods Market and avowed libertarian, just got caught exploiting imperfect market information and scheming to rip off consumers by building an organic food monopoly. Libertarians claim the market should be left alone to regulate itself, while progressives have long argued that investors need accurate information from companies about their finances and consumers need competition to get the best price. Apparently John Mackey is just the kind of nefarious businessman we need government to regulate.

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