The best solution I've heard proposed was Socially Responsible Libertarianism. Which means the public is held responsible (not the government).
So basically when pollution problems arise, for example, it is the obligation of the general public to boycott or pressure the corporation to change (instead of the government fining the corporation, which ultimately may pay for the people in office to carry out the litigation in the first place). Another downside is that the government can easily be inflated with lobbyists to carry out a corporation's dirty work.
Libertarianism by itself is flawed because many corporations will establish monopolies or duopolies, stop innovating, raise prices, and call it a day.
> Libertarianism by itself is flawed because many corporations will establish monopolies or duopolies, stop innovating, raise prices, and call it a day.
Whereas with big government, they'll never ever hire lobbyists to ask for bailouts, subsidies and protectionist legislation...
This is where you attempt the defense that such activity is "initiation of force." The ability to make many varieties of libertarian philosophies practical hinges on how broadly you can handle interpreting initiation of force and the government's responsibility to stop that. Monopolistic behavior could be considered initiation of force in the sense that it unfairly and aggressively limits someone else's success or freedom for gains without right.
Then, of course, you get to decide whether drunk driving is initiation of force, whether very noisy neighbors late at night are initiating force, and so on and so forth.
This is not a critique of libertarian philosophies. Pretty much every philosophy is made practical through interpretation and compromise because life is more complicated than policy (and even poetry).
So basically when pollution problems arise, for example, it is the obligation of the general public to boycott or pressure the corporation to change (instead of the government fining the corporation, which ultimately may pay for the people in office to carry out the litigation in the first place). Another downside is that the government can easily be inflated with lobbyists to carry out a corporation's dirty work.
Libertarianism by itself is flawed because many corporations will establish monopolies or duopolies, stop innovating, raise prices, and call it a day.