>>450
You caould call Libertarianism the ideal of being logical, adapting when necessary and everything that springs from that. Though a lot of political movements claim to do the same libertarianism is the epitome of adaptability since it's foundations lay in letting people choose how they live.
>>451
No. The economy would not change substantially, it means that the market for the same industries dependany on cheap labour conveniently outside our borders will move in. Unskilled labourers may earn less, but goods would be cheaper as we don't need to import food, support illegal immigrants and migrant workers and spend billions policing them to make sure they go back. Automation can be uneconomical and this isn't the 18th century, we have an enormous amount of motivation to advance technology there are entire markets based on creating valuable patents to fund future discoveries. If it is cheaper to have a worker pick apples, the gdp per capita increases as the machinery support resources can be used to increase overall productivity. It may put me at a disadvantage having to compete with more people, but this only provides me with motivation to improve myself which would concern my superiors making them more efficient to prove they are worth their salary. There would be an improvement throughout the economy.
Spoiler:
People do lend people money to start businesses, they just don't hand it out to anyone.
Of course, if you have a the skills, determination and a valid investment opportunity you can gain the interest of a business person, perhaps even your employer, and begin an enterprise with a starting share of the company equal to the worth your skills add to it. If the business grows you will also possess a decent sum of cash along with the wealthy, even if it is all tied up in stocks. This easier under a libertarian system as the only restriction on the exchange of capital would be the fee banks set for ensuring deals are negotiated lawfully.
UNIONISTS! Alone a worker does not have much negotiating power and an employer can just go to each worker and say "low wages or no job lol". Unions are a legitimate business arrangement which exploits the negotiating power of a united workforce. Unions attract members acting as their united voice and charge them a small fee each to pay for the think tank needed to make a negotiation, the union bureaucracy gathers information about the company and assesses the true value of it's members which it then demands.
I don't get it. The free market takes advantage of opportunities, if THE AMERICAN MIDDLE CLASS has cash to spare and the Chinese can produce goods cheaper than their competitors then across the pacific spending power will migrate west and luxuries will migrate east and everyone's happy. What's wrong with this?