Comment Libertarian Nirvana? (Score 1) 738
A libertarian would have the state declare bankruptcy
Ok, declare bankruptcy. Now what? State bond rates *skyrocket* It turns out that would be the first of maybe 25-35 dominos where States would have no choice but to declare bankruptcy.
And then there's all those pesky retirees that hold State bonds because of their perceived security that you've just made near penniless. How do you think that's going to play out?
and nullify the state employee union's contract and pensions.
Ok, done. Now what? How does the daily uninteresting work of running government get done? Who are you going to hire? Probably the people you just fired because they're the only ones that know anything. Now what? They reorganize. Ohh, but there's the false promise of contracting the work out. Ask some of the regular slashdotters in the Military Industrial Complex how well that works. Hint: it doesn't shhh!
I know, I know, I don't 'understand.' Or, it doesn't have to work that way. Well, it does work that way. Libertarian ideals are being sold as a solution to every government problem when in fact, they accelerate the rate of corruption.