Редактирование: Technolibertarianism (раздел)

== Criticism ==

Critics of technolibertarianism observe the many distortions and problems that exist with unregulated markets. For example, in his 2009 book [http://www.amazon.com/How-Markets-Fail-Economic-Calamities/dp/0374173206/ How markets fail: the logic of economic calamities], [http://www.newyorker.com/magazine/bios/john_cassidy/search?contributorName=john%20cassidy John Cassidy] highlights four “illusions” of utopian economics:

# The illusion of harmony: that free markets always generate good outcomes;
# The illusion of stability: that free market economy is sturdy;
# The illusion of predictability: that distribution of returns can be foreseen;
# The illusion of Homo Economicus: that individuals are rational and act on perfect information.

Critics argue that

* The need for smart oversight and regulation will grow even more pressing, as technology progresses over the next few decades to the point of displacing ever larger numbers of people from the workforce
* Technology isn’t just restricted to improving the human body and mind – doing better than Darwinian natural selection; it’s also capable of improving human politics and human economics – doing better than the invisible hand of free markets (though, in both cases, modifications need to be approached with care).

For more details, see [[technoprogressivism]].

In response to these criticisms, technolibertarians reply that many of these criticisms tend to be a sort of bait and switch, blaming the market for the failures of the state. For instance, if the state EPA requires that all toxic waste be stored in 40 gallon barrels in designated toxic waste storage facilities, period, then when start up ventures are prevented from being allowed to use new technologies to turn toxic wastes back into useful chemicals and other nontoxic materials, the critics blame the market when the fault is with the state's regulations that do not allow for free market solutions other than what is prescribed by regulation.

Likewise, the 2008 subprime banking crisis is commonly blamed on an "out of control free market" and "unbridled speculation", when in fact it is rather well documented that the toxic mortgages that poisoned the well of collateralized debt obligations (i.e. mortgage backed securities) and credit default swaps, were introduced into the market by banks that were ordered by the federal government to ignore standards of creditworthiness under the National Homeownership Strategy and the earlier Community Reinvestment Act, to lend to people without demonstrated ability to pay commensurate with the amount borrowed, or documented employment or other proof of income. Many point to AIG's Financial Products Division's default modelling software did fail to use default data going back more than six years (it should have optimally used data going back to the last mortgage bubble in the late 1980's) which contributed to the crisis, but the credit rating agencies that rated the CDO's based on AIG default risk predictions were ordered, again, by the federal government to give these securities AAA ratings despite this poor default history that AIG based their risk predictions on.

Another area that critics fail in their criticisms is they too often conflate society with the state. The libertarian philosophy is based on the Non-Aggression principle as the best most rational strategy for others to respect the individual sapient persons self ownership and related natural rights. Individuals engaged in voluntary association with each other is the definition of society, whereas the state involves unconsented aggression, domination of the minority by the majority, and imposition of a fictitious contract of adhesion called "the social contract" that often includes vague and vacuous terms fabricated by bureaucrats, politicians and other statism supporters to validate their will to aggress upon others under "the common good", far beyond anything specified in any foundational Constitution. Statists equate society with the state despite them essentially being the antithesis of each other, and claim without support that what is good for the state is good for society as well.

As for the criticism of predictability: because the Free Market AI is the most powerful supercomputer on the planet, there is no lesser system that is able to better solve market calculation problems, and any lesser machine is automatically a subset of the Free Markets decision making power. So any criticism based on predictability also applies, to a stronger degree, to any centralized government.