"The abrogation of responsibility by the many for their own lives and the arrogation of authority/magical-ability/etc. by the few (and the selling of that to increase power/profit at the expense of everyone else) is exactly the underlying mechanism that created the emergent, systemic failures."
Do you not see how this leads directly to an argument against libertarianism?
Many individuals (and firms) made decisions that turned out not to be rational and did not suit their interests. In turn, this led to a collapse that has negatively impacted even those who did not make poor decisions. Arguably, this collapse could have been much worse without decidedly non-libertarian intervention.
In short, human beings, in aggregate, are not good enough decision makers for strong libertarianism to be a viable way to structure our affairs.
Do you not see how this leads directly to an argument against libertarianism?
Many individuals (and firms) made decisions that turned out not to be rational and did not suit their interests. In turn, this led to a collapse that has negatively impacted even those who did not make poor decisions. Arguably, this collapse could have been much worse without decidedly non-libertarian intervention.
In short, human beings, in aggregate, are not good enough decision makers for strong libertarianism to be a viable way to structure our affairs.