Given the partisan polarization at the moment, is libertarianism the only rationally coherent and ethically principled form of 'centrism'? Or are there other coherent & principled forms of centrism? Genuinely curious.
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On climate change, ex. policy differences might be: - Far left: "Ban carbon." - Neoliberals: "Carbon tax + nuclear power funding." - Libertarians: "Only Markets." Neolibs/DemCaps would support government action that accounts for market behavior. That's centrist imo.
Fair enough. I'm just curious about whether welfare-friendly neoliberalism has a coherent intellectual/ethical framework for advocating what it advocates...
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There's massive debate and disagreement, but I think the most coherent version is that whenever markets are incapable of decentralized coordination, an external centralized coordinator is justified. When/where/what/how of that, though, is subject to debate and research.
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The State monopolization of violence is a prime example that almost everyone agrees is best over a market-based solution. Pollution is another "race-to-the-bottom" coordination challenge that many would argue government is best equipped to coordinate/enforce.
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utilitarianism + marginal utility of wealth seems like a compelling argument for redistribution
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Most neoliberal economists I know are consequentialists/utilitarians. That explains their respect for the free market's ability to generate wealth/long-term wellbeing, Plus the fact that they're not dogmatically opposed to redistribution in order to alleviate suffering.
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The difference between "small L" libertarians (Tyler Cowen, Megan Mcardle) and neoliberals (Justin Wolfers, Scott Sumner) seems to be attitudes towards certain social insurance programs + occasional market interventions/regulations to avoid negative externalities/market failures
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