Re:My libertarian vacation nightmare: How Ayn Rand, Ron Paul...
by wodenokoto on Tuesday March 03, 2015 @11:51AM
(#9138722)
These thing can't be tested in big enough experiments, so often which idea gets popular boil down to which ideas have the simplest logic.
The problem with extreme libertarianism is that it assumes completely rational players, who knows exactly what makes them happy. With such players, it is probably great.
In reality, humans have rational and non-rational tendencies. We generally don't know what makes us happy. Our long-term desires are often corrupted by our short term desires, resulting in regret (often we let our short term desires get to us, even if we know we will regret it later).
We suffer from confirmation bias, presentation bias, weak intuitive understanding of compounding numbers.
On top of all that we are also emotional.
The problem with extreme libertarianism is that it assumes completely rational players, who knows exactly what makes them happy. With such players, it is probably great.
In reality, humans have rational and non-rational tendencies. We generally don't know what makes us happy. Our long-term desires are often corrupted by our short term desires, resulting in regret (often we let our short term desires get to us, even if we know we will regret it later). We suffer from confirmation bias, presentation bias, weak intuitive understanding of compounding numbers. On top of all that we are also emotional.