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That we don't *really* need a state because if everybody just did what they're supposed to, we had perfect knowledge and made perfectly rational decisions, and there were no problems that fall outside of the market's ability to solve them efficiently, everything would be fine.https://twitter.com/LPNational/status/1093193320975732736 …
You might want to read Hayek on how markets can handle imperfect information better than governments can....
I'm already fully aware of it, and he's correct on that.
Most, but not all of the time.
Precisely. Libertarians, i.e., classical/conservative liberals, do not assume anyone has perfect knowledge. To the contrary, it’s why they argue state bureaucracies are inferior forms of social intelligence, compared to individuals informed through markets. @LPNational
all kinds of imperfect information or just the abstract idea of imperfect information ... imperfect information comes in all shapes and sizes and intents
Also about a thing called prisoner dilemma (and the vastly more complicated real life variants) where perfectly rational agents end up in terrible lose-lose equilibria
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