Workers today are handicapped by an array of regulations, taxes, intellectual-property laws, and business subsidies that on net impede entry to potential alternative employers and self-employment. As well, periodic economic crises set off by government borrowing and Federal Reserve management of money and banking threaten workers with unemployment, putting them further at the mercy of bosses.
Competition-inhibiting cartelization diminishes workers’ bargaining power, enabling employers to deprive them of a portion of the income they would receive in a freed and fully competitive economy, where employers would have to compete for workers—rather than vice versa—and self-employment free of licensing requirements would offer an escape from wage employment altogether. Of course, self-employment has its risks and wouldn’t be for everyone, but it would be more attractive to more people if government did not make the cost of living, and hence the cost of decent subsistence, artificially high in myriad ways—from building codes and land-use restrictions to product standards, highway subsidies, and government-managed medicine.
In a word, left-libertarians favor equality. Not material equality—that can’t be had without oppression and the stifling of initiative. Not mere equality under the law—for the law might be oppressive. And not just equal freedom—for an equal amount of a little freedom is intolerable. They favor what Roderick Long, drawing on John Locke, calls equality in authority: “Lockean equality involves not merely equalitybefore legislators, judges, and police, but, far more crucially, equality withlegislators, judges, and police.”