Libertarianism (Latin: liber, "free") is a collection of political philosophies that uphold liberty. Libertarians seek to maximize autonomy and freedom of choice, emphasizing political freedom, voluntary association, and the primacy of individual judgment. Libertarians generally share a skepticism of authority; however, they diverge on the scope of their opposition to existing political and economic systems. Various schools of libertarian thought offer a range of views regarding the legitimate functions of state and private power, often calling to restrict or to dissolve coercive social institutions. Some libertarians advocate laissez-faire capitalism and strong private property rights, such as in land, infrastructure, and natural resources. Others, notably libertarian socialists, seek to abolish capitalism and private ownership of the means of production in favor of their common or cooperative ownership and management. An additional line of division is between minarchists and anarchists. While minarchists think that a minimal centralized government is necessary, anarchists propose...
Source: Wikimedia Commons
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