Ron Paul made a strong showing in Iowa last night despite his coming in third behind Santorum (second) and Romney (first). But there is no way that Paul will receive the Republican nomination. His irresponsible foreign policy positions alone disqualify him. You may disagree with that, but most agree with me, and that includes the better pundits such as Krauthammer. So Paul's electability is zero. It is too bad because Paul and libertarians generally have many good ideas which serve as correctives to the socialist drift of the country and can help us move back in the right direction towards limited government, self-reliance, and individual responsibility. But libertarians cannot seem to control their tendency towards extremism. This is why the Libertarian Party will always be a losertarian party. Paul had the good sense to join the GOP, but he hasn't had the good sense to rein in the extremism that seems bred-in-the-bone with libertarians.
Paul is right that the the U.S. is overextended abroad, but he can't seem to make the point in a moderate and nuanced way. He has to say, foolishly and irresponsibly, that Iran is no threat. And so he comes across as a crazy old man who cannot be trusted with the power of the presidency. His 19th century isolationism was already outmoded in the 19th century.
The extremism of libertarians is connected with their being doctrinaire. It is good to be principled but bad to be doctrinaire. It requires the subtlety of the conservative mind to understand the difference and the dialectic between the two, a subtlety that is often lost on the adolescent mind of the libertarian who wants nice clear exceptionless principles to cling to.
I'll give an example of how libertarians, most if not all, are extreme and doctrinaire. Individual liberty is a very high value. One of the pillars of this liberty is the right to private property. The defense of private property against collectivists is essential to both libertarian and conservative positions. So far, so good. The tendency of the libertarian, however, is to absolutize the right to private property. He has a hard time grasping that principles and values often butt up against competing principles and values that also have a serious claim on our respect. So he cannot see that well-crafted eminent domain laws are right and reasonable. He cannot see that there is something we can call the common good which is in tension with the right to private property.
A second example is how libertarians typically absolutize the value of liberty while ignoring the claims of such opposing values as security and equality. For more see my post, Liberty and Security.
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