Liberty versus Monopoly

By Eric A. Posner and E. Glen Weyl

Over the last half-century, business interests and philosophical libertarians have formed a powerful alliance. Business leaders frequently claim to be libertarians and draw on the rhetoric of the free market to criticize government regulation. In turn, libertarians frequently defend businesses against what both groups see as an overbearing regulatory state. The connection is best represented by the Koch brothers, who call themselves libertarians and fund libertarian scholars through their foundation, and at the same time operate one of the largest businesses in the United States. Silicon Valley tech titans also frequently claim to be libertarians, and argue that their internet companies advance liberty by enabling people to communicate freely and form organizations while limiting the reach of government censorship and control.

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From

American Affairs Journal