Introduction
Libertarianism (from French: libertaire, "libertarian"; from Latin: libertas, "freedom") is a political philosophy that upholds liberty as a core value. Libertarians seek to maximize autonomy and political freedom, and minimize the state's violation of individual liberties; emphasizing free association, freedom of choice, individualism and voluntary association. Libertarians often share a skepticism of authority and state power, but some libertarians diverge on the scope of their opposition to existing economic and political systems. Various schools of Libertarian thought offer a range of views regarding the legitimate functions of state and private power, often calling for the restriction or dissolution of coercive social institutions. Different categorizations have been used to distinguish various forms of Libertarianism. Scholars distinguish libertarian views on the nature of property and capital, usually along left–right or socialist–capitalist lines.
Libertarianism originated as a form of left-wing politics such as anti-authoritarian and anti-state socialists like anarchists, especially social anarchists, but more generally libertarian communists/Marxists and libertarian socialists. These libertarians seek to abolish capitalism and private ownership of the means of production, or else to restrict their purview or effects to usufruct property norms, in favor of common or cooperative ownership and management, viewing private property as a barrier to freedom and liberty. Left-libertarian ideologies include anarchist schools of thought, alongside many other anti-paternalist and New Left schools of thought centered around economic egalitarianism as well as geolibertarianism, green politics, market-oriented left-libertarianism and the Steiner–Vallentyne school. (Full article...)
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Left-libertarianism (or left-wing libertarianism) names several related, but distinct approaches to political and social theory which stress both individual freedom and social equality. In its classical usage, libertarianism is a synonym for anti-authoritarian varieties of left-wing politics, e.g. libertarian socialism, which includes anarchism and libertarian Marxism, among others.
Left-libertarianism can also refer to political positions associated with academic philosophers Hillel Steiner, Philippe Van Parijs and Peter Vallentyne that combine self-ownership with an egalitarian approach to natural resources. While maintaining full respect for personal property, they are skeptical of or fully against private property, arguing that neither claiming nor mixing one's labor with natural resources is enough to generate full private property rights and maintain that natural resources (land, oil, gold and vegetation) should be held in an egalitarian manner, either unowned or owned collectively. Those left-libertarians who support private property do so under the condition that recompense is offered to the local community. Many schools of thought are communist, advocating the eventual replacement of money with labor vouchers or decentralized planning.
On the other hand, left-wing market anarchism, which includes Pierre-Joseph Proudhon's mutualism and Samuel Edward Konkin III's agorism, appeals to left-wing concerns such as egalitarianism, gender and sexuality, class, immigration and environmentalism within the paradigm of a socialist free market. In the United States, the word "libertarian" has become associated with right-libertarianism after Murray Rothbard and Karl Hess reached out to the New Left in the 1960s. However, until then political usage of the word was associated exclusively with anti-capitalism and in most parts of the world such an association still predominates.
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“ | Even more remarkably, the Libertarian party achieved this growth while consistently adhering to a new ideological creed—"libertarianism"—thus bringing to the American political scene for the first time in a century a party interested in principle rather than in merely gaining jobs and money at the public trough. We have been told countless times by pundits and political scientists that the genius of America and of our party system is its lack of ideology and its "pragmatism" (a kind word for focusing solely on grabbing money and jobs from the hapless taxpayers). How, then, explain the amazing growth of a new party which is frankly and eagerly devoted to ideology?
One explanation is that Americans were not always pragmatic and nonideological. On the contrary, historians now realize that the American Revolution itself was not only ideological but also the result of devotion to the creed and the institutions of libertarianism. The American revolutionaries were steeped in the creed of libertarianism, an ideology which led them to resist with their lives, their fortunes, and their sacred honor the invasions of their rights and liberties committed by the imperial British government. Historians have long debated the precise causes of the American Revolution: Were they constitutional, economic, political, or ideological? We now realize that, being libertarians, the revolutionaries saw no conflict between moral and political rights on the one hand and economic freedom on the other. On the contrary, they perceived civil and moral liberty, political independence, and the freedom to trade and produce as all part of one unblemished system, what Adam Smith was to call, in the same year that the Declaration of Independence was written, the "obvious and simple system of natural liberty." |
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— Murray Rothbard (1926–1995) For a New Liberty (1973) |
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![]() The Gadsden flag, named after American general and politician Christopher Gadsden who designed it in 1775 during the American Revolution, is today used by American libertarians |
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Milton Friedman (/ˈfriːdmən/ (listen); July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students, young professors and academics who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr.
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