What it means to be a libertarian
Michael Hudson
“You have to realize that the vocabulary of classical economics and Marxism have been hijacked.
As I said, for Adam Smith and the classical economists, a free market was free from economic rent and all these rentier charges.
To today's economy, a free market is free from government taxation of economic rent, from the government doing anything to restrict usury, to restrict what the financial sector can do, to restrict exploitation, and to acknowledge that really the most profitable section of every economy today is crime.
Drug dealing, crime, and breaking the law consistently by financial corporations, by monopolists, by the bankers, by the credit card companies, by breaking what used to be usury law, by being a libertarian - the liberty for the 1 percent to do whatever they want to the 99%.”
Video recorded by Robinson Erhardt - https://www.youtube.com/@robinsonerhardt