What of the problems with big businesses trying to manipulate democratic governments?
When governments are in the habit of redistributing wealth and giving favors, there will be special interest groups and lobbyists who will try to persuade politicians to act on their behalf, by hook or by crook. But such governments are precisely socialistic or mixed economies! In fact under mixed economies there is nothing to stop the well off from winning ‘welfare for the rich’. Under Libertarian capitalism the role of the government is strictly limited to defining and enforcing of individual rights. Such a government doesn’t redistribute wealth, and so is much less prone to manipulation. To understand this point, consider Bill Gates, one of the world’s richest men Circa 2004. Living in the U.S, which has a reasonable respect for the rule of law and property rights, Bill Gates could not succeed in bribing the government into passing laws discriminating against , say, some minority group. That’s because individual rights are protected by the Constitution and Civil Rights laws. So desp
