Key insights:
- Tax cuts failed by having no noticeable positive economic effect under Bush and since (after looking very successful under Kennedy and a fair bit less so under Reagan)
- Free trade failed by letting Chinese cheap labor destroy whole industries in America (after looking very successful in the Cold War era) because China was just so big and poor
- Deregulation failed by causing the financial crisis of 2007 (after looking very successful as applied to energy and transportation)
- Due to its economic failure, Libertarianism has fractured along cultural lines into progressive “Liberaltarianism” and right-wing racist Trumpism
- A spin-off of Libertarianism that has tried to keep the economic aspect alive while staying out of culture war issues is state-capacity libertarianism
- A bit of deregulation in certain areas would probably be a good thing, so the total demise of Libertarianism is not all good