Critics of libertarians seem to worry most about our full-throated endorsement of and enthusiasm for the proven benefits of unhindered free-market competition. They believe that we are cynically defending a corrupt system of power and privilege, carrying water for capitalism’s exploiter class. There is, they argue, a need for governments, ostensibly pledged to “the greater good,” to intervene to counteract some of the perceived undesirable side effects of the free market system, which they say moves society toward inequitable accumulations of wealth in the hands of a few.
Today, in finally denying the Keystone pipeline, President Obama showed his true colors. We now know, as we’ve long believed, that those colors are the green of the anti-fossil fuel crowd, rather than the color of jobs resulting in economic growth in the hard-hit heartland of the United States.