The dangers of a libertarian view

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From Will Hutton today:

At the launch of his new think-tank ResPublica, "red Tory" Phillip Blond, basking in David Cameron's approval, said that one of the three cornerstones of a new conservatism was the moralised market. He fiercely criticised the tendency to size and monopoly in unregulated free markets in which the only criteria was narrow static economic efficiency. There needed to be more diversity and genuine competition. Small was beautiful. A libertarian view of the world, he said, had allowed too many mergers to go through.

Some right wingers get it: libertarianism as most on the right and in economics promote it is harmful to well-being.