I am not an economist so I'm not in a position to comment from any professional perspective, but I disagree with Libertarianism because from what I've seen, capitalism without governmental oversight results in corporate monopolies, wage stagnation, and massive unemployment. The Sherman Anti-Trust Act is a law that is antithetical to modern Libertarianism but it has done an okay job of preventing corporate strangleholds on American consumers. A lack of governmental oversight might work in countries like Canada, where the mindset of the masses is set on mutual cooperation and a lifestyle not focused on getting more and more stuff, but in America, our culture is different. We are a highly competitive nation, and almost all of us have a deeply-ingrained attitude of "I've got mine, fuck you!" There is very little legitimate corporate interest in the greater good, or the betterment of society- the only concern is money, and how to maximize revenue while minimizing overhead. With an attitude like that, a lack of governmental oversight can and will result in employers paying their workers starvation wages while raking in the dough. Will every company do this? No. Will a lot of them? Yes. Will workers attempt to leave these companies for companies that pay better wages? Yes they will, but in all likelihood these individuals will take their skills overseas into countries with better pay and better labor laws, causing the US to hemorrhage skilled labor.

Leaving aside issues of the economy, I am also concerned about the Libertarian stance on social issues. Modern American Libertarianism is very supportive of the idea of the States' rights to legislate social issues within their borders. Decent idea on paper, until you realize that if given the opportunity, Mississippi and Alabama and Texas and Louisiana and states of their ilk will restrict liberties of racial, gender, and sexual minorities. Think trans* people not being able to access their correct bathrooms is the end of it? Not in the slightest. If public opinion polls in those states were done correctly, you'll see the reversal of Obergefell v. Hodges within a year, and the re-criminalization of sodomy within two or three. From there it's not a very big leap to out-and-out segregation- first of gender and sexual minorities, then racial ones. States will vote to limit the civil rights of the minority through democratic law, and the Tyranny of the Majority will become a daily reality for millions of Americans. Could these oppressed GSRMs simply move to more socially evolved states? Many could, absolutely. Those that could afford it would. But what about those who can't afford it? What about the GSRMs that lost their jobs due to newly-enacted laws that permit employers to fire or refuse to hire people based solely on their race, sexuality, or gender identity? Because the Libertarian Federal Government has little to offer in the way of Social Programs, they would likely become homeless.

Modern Libertarianism can work in the UK. It can work in Canada. It can work in countries where the widespread cultural attitude and mindset is the helping of others and the betterment of society. But America, where the dominant socioeconomic mindset is that of taking as much as one can get and not stopping to help the less fortunate, cannot sustain a truly Libertarian government for longer than a decade.