Aspects of libertarianism and anarchy can have a place in society. But there adherents are like radical vegans, they want the whole enchilada, which is why they are disliked.

Argentina’s new president Javier Milei will be interesting to watch, their political system allows him to enact his libertarian policies. Argentina could become the next Venezuela, all radical and fun to begin with, and then disaster, because politics has its ways for a reason. Checks and balances and people scared of not being re-elected.

The same week we have had trials around the Binance and FTX disasters. These are a result of the sort of recklessness, cheating and fraud that our labyrinthine laws are designed to protect us from. The solution will be more regulation and oversight.

Biden is trying to end junk fees, which means new regulations that almost every American will welcome. Big business is fighting back, of course, because it is the easiest money they have ever made. A libertarian would say that people can choose who to give their business to, and regulations are not needed. Clearly they are wrong on that.

Meanwhile we have, especially in America, needing to get a license to cut someone’s hair, or sell eggs to a neighbour, or even harvest rainwater.

Ending all regulation is not the answer – regulations have evolved to protect us AND because the majority of use like the majority of regulations existing.

We simply need to put great effort into removing onerous and stupid restrictions, and scrutinising big business, finance, and business cheating and corruption more.

More AND less regulation. Not OR.

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