I have an interview up at the Britannica blog on libertarianism. Or, as they put it, an interview on libertarianism and abortion, same‐sex marriage, and the Tea Party. Multiple questions, to be sure.
I responded this way to a question on the inevitable inequalities of capitalism:
Inequalities in wealth are inevitable in all economic systems. In fact, the Economic Freedom of the World report finds that the share of national income going to the poorest 10 percent of the population is remarkably stable no matter what the degree of economic freedom in the country (see exhibit 1.9). What does vary is the absolute income of the poorest 10 percent, which is much higher in countries with more freedom (exhibit 1.10). Socialist states had and have huge hidden inequalities of wealth. Differences in access to privileges were staggering—special stores, hospitals, dachas and so on for party members that ordinary people could not enter, access to international travel and literature, etc. And all that in regimes that were officially dedicated to equality, in which inequality was “forbidden.” If inequality is inevitable, it’s better to have a system that gives people incentives to invent, innovate, and produce more goods and services for the whole society.
And my most controversial line:
There’s no libertarian pope, so I hesitate to excommunicate people for not being “true libertarians.”