Source: The Bleeding Heart Libertarian
by Matt Zwolinski
“Over at Liberalism.org I’ve been working on a series of essays making the case that classical liberals and modern liberals have more in common than either camp tends to admit, and ought to be working together rather than past each other. The first piece draws on the great Chicago School theorist Henry Simons to argue that for liberalism the great enemy is concentrated power, whether public or private. The second extends this line of thought by making the case that classical liberals should care about wealth inequality. Not for the usual reasons modern liberals care about it, but because of its easy conversion to political power. Once private wealth becomes large enough to capture the institutions that are supposed to constrain it, the classical liberal commitment to limited government has nothing left to push against.” (05/01/26)
https://bleedingheartlibertarian.substack.com/p/power-inequality-and-politics