Gary Elkin

By Gary Elkin - December 3, 2009 [date uncertain] [PDF File Available]

Ecology.IWW.ORG web editor's note: "right-libertarian" is more or less synonymous with "anarcho-capitalism", although the latter is the most extreme expression of the former. Essentially, that economic theory and political ideology is championed by the Austrian School of Economics whose adherents include Ludwig Von Mises, F. A. Hayek, Henry Hazlitt, Robert Nozick, and Murray Rothbard. Their ideas have been vulgarized by "libertarian" dogmatist and novelist, Ayn Rand, and were revived in the 1980s by Milton Friedman, Margaret Thatcher, and Ronald Reagan after being discredited following the Great Depression of the 1920s and 30s in the United States and Europe. That being said, essentially the following rules really apply to ALL forms of capitalism, even the Keynesian social democracy so vehemently despised by the aforementioned laissez-faire ideologues:

Right libertarians have great difficulty in dealing with the problem of “externalities”: that is, harmful environmental effects (e.g. pollution, global warming, ozone depletion, destruction of wildlife habitat) not counted as “costs of production” in standard methods of accounting. Such costs must be born by everyone in the society who is affected by them, and not only by the capitalists who produce them; hence it is possible for capitalist to ignore such effects when planning future production. But this means that such effects will be ignored, since competition forces firms to cut as many costs as possible and concentrate on short-term profits.

Right libertarians typically address the problem of externalities by calling for public education which will raise people’s awareness of ecological problems to the point where there will be enough demand for environment-friendly technologies and products that they will be profitable.

This argument, however, ignores two crucially important facts: (1) that environment-friendly technologies and products by themselves are not enough to avert ecological disaster so long as capitalism retains its need for high growth rates (which it will retain because this need is inherent in the system); and (2) that in a right-libertarian world in which private property is protected by a “night-watchman State” or private security forces, a wealthy capitalist elite will still control education, as it does now — and this because education is an essential indoctrination tool of the capitalist elite, needed to promote capitalist values and train a large population of future wage-slaves in proper habits of obedience to authority. For this reason, capitalists cannot afford to lose control of the educational system, no matter how much it costs them to maintain competitive schools. And this means that such schools will not teach students what is really necessary to avoid ecological disaster: namely, the dismantling of capitalism itself.

Another ecological problem that right libertarians cannot deal with satisfactorily is that capitalist firms must be committed to short-term profitability rather than long-term environmental responsibility in order to survive economically in the competitive market .