Why Libertarianism is worthless.

1) There are no first-world libertarian nation.

2) Libertarianism led to the Great Depression.

3) Libertarianism leads to vertical monopolies

4) Every country that started out with unchecked capitalism either made a transition to regulated capitalism (US) or completely collapse (Somalia).

5) In order for Libertarianism to work, everyone needs to participate and do everything just right. Even the slightest mistake will put you at a disadvantage for the rest of your life. Guess what other political ideaology have the same requirements? It starts with a "C" and ends in "ommunism".

6) Did I mention that there are no first-world Libertarian nation?

>>4
 1) That's what you want to believe. There are many factors on why  nations become a developed nation and your reason is only a small factor. Factors such as universal education and culture plays a much bigger role. Just look at Taiwan, Japan, and South Korea. It was their local businesses combined with the workers skill and knowledge that propelled them to become major players in the business world and not first-world countries opening up sweat shops in third-world countries.

However, there are 3rd world countries out there that have little to no state intervention in their economy yet they continue to be third-world. That kind of puts a dent in your theory.

2) Partially, at least when it came to tariffs and trading with Europe. However, banks were not intervened by the government at all and many people lost their savings because banks could not pay them back. Then there were the insider trading which were legal at the time. Whoops.

3) Monopolies can also form without state intervention. Look at Microsoft.

4) Principles exclusive to Libertarians such as?

6) Those principles are not exclusive to libertarianism. Stop hijacking basic principles and passing it off as your own. Also, these principles alone do not make a libertarian society. Our own country implemented these principle yet we are far from a libertarian society. I hope you know that.