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The libertarian author Matt Ridley once wrote
"Bad news is man-made, top-down, purposed stuff, imposed on history. Good news is accidental, unplanned, emergent stuff that gradually evolves. The things that go well are largely unintended; the things that go badly are largely intended."

I'd say that this is the libertarian creed in a nutshell: the blind (!) belief in spontaneous organisation, and the injunction not to interfere with it. Let evolution go its way, let the "invisible hand" of the free market do its job, and everything will turn out in the best possible way. Avoid any top-down regulation, because top-down is always evil. The state and the government are just parasites on the back of those who create value.

In 2007, Matt Ridley was the chairman of Northern Rock bank, where he was able to put his free market principles into practice. Under his chairmanship, the bank pursued what the Treasury Select Committee later described as a ‘high-risk, reckless business strategy’. It was able to do so because the government agency which oversees the banks, the Financial Services Authority, ‘systematically failed in its regulatory duty’. On 16 August 2007, Matt Ridley rang an agent of the detested state to explore the possibility of a bail-out. The parasite agreed to his request, and in September it opened a support facility for the floundering bank.
The taxpayer eventually bailed out Northern Rock to the tune of £27 billion.
What a strange kind of parasite...

Thibaud70 7 Apr 22
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