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Concept
Right-libertarianism
Summary
Right-libertarianism, also known as libertarian capitalism or right-wing libertarianism, is a libertarian political philosophy that supports capitalist property rights and defends market distribution of natural resources and private property. The term right-libertarianism is used to distinguish this class of views on the nature of property and capital from left-libertarianism, a type of libertarianism that combines self-ownership with an egalitarian approach to natural resources. In contrast to socialist libertarianism, right-libertarianism supports free-market capitalism. Like most forms of libertarianism, it supports civil liberties, especially natural law, negative rights, the non-aggression principle, and a major reversal of the modern welfare state.
Right-libertarian political thought is characterized by the strict priority given to liberty, with the need to maximize the realm of individual freedom and minimize the scope of public authority. Right-libertarians typically see the state as the principal threat to liberty. This anti-statism differs from anarchist doctrines in that it is based upon strong individualism that places less emphasis on human sociability or cooperation. Right-libertarian philosophy is also rooted in the ideas of individual rights and laissez-faire economics. The right-libertarian theory of individual rights generally follows the homestead principle and the labor theory of property, stressing self-ownership and that people have an absolute right to the property that their labor produces. Economically, right-libertarians make no distinction between capitalism and free markets and view any attempt to dictate the market process as counterproductive, emphasizing the mechanisms and self-regulating nature of the market whilst portraying government intervention and attempts to redistribute wealth as invariably unnecessary and counter-productive.
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Ontological neighbourhood
Related publications (9)
Related concepts (82)
History of anarchism
The history of anarchism is ambiguous, primarily due to the ambiguity of anarchism itself. Scholars find it hard to define or agree on what anarchism means, which makes outlining its history difficult. There is a range of views on anarchism and its history. Some feel anarchism is a distinct, well-defined 19th and 20th century movement while others identify anarchist traits long before first civilisations existed. Prehistoric society existed without formal hierarchies, which some anthropologists have described as similar to anarchism.
Objectivism and libertarianism
Ayn Rand's philosophy of Objectivism has been, and continues to be, a major influence on the right-libertarian movement, particularly libertarianism in the United States. Many right-libertarians justify their political views using aspects of Objectivism. Some right-libertarians, including Murray Rothbard and Walter Block, hold the view that the non-aggression principle is an irreducible concept: it is not the logical result of any given ethical philosophy, but rather is self-evident as any other axiom is.
Murray Rothbard
Murray Newton Rothbard (ˈrɒθbɑːrd; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertarian movement and a founder and leading theoretician of anarcho-capitalism. He wrote over twenty books on political theory, history, economics, and other subjects.