Updating Libertarianism for the 21st Century … A little while ago, I wrote that libertarianism — the small-government philosophy codified by Robert Nozick and others in the mid-20th century — is looking a little shopworn. As efforts to slash government yield diminishing returns, and empirical evidence piles up that many government interventions are very beneficial, the minimalist state envisioned by Nozick et al. doesn’t seem up to the challenges of the 21st century.- Bloomberg
Bloomberg’s Noah Smith, who famously has derided libertarianism in many articles, now has decided it would be a good idea to update it.
In this editorial, excerpted above, he announces an ally … a new libertarian think-tank, the Niskanen Center. His editorial builds on one recently posted at the Niskanen website by its vice president of policy, Will Wilkinson. You can see the initial editorial here.
Noah calls the longish essay “brilliant” and endorses