Fausta's Blog

American and Latin American Politics, Society, and Culture

April 8, 2010 By Fausta

“What’s libertarianism?” asks John Stossel

John Stossel defines asks, What am I?

We know that conservatives want government to conserve traditional values. They say they’re for limited government, but they’re pro-drug war, pro-immigration restriction and anti-abortion, and they often support “nation-building.”

And so-called liberals? They tend to be anti-gun and pro-choice on abortion. They favor big, powerful government — they say — to make life kinder for people.

By contrast, libertarians want government to leave people alone — in both the economic and personal spheres. Leave us free to pursue our hopes and dreams, as long as we don’t hurt anybody else.

If you must pigeonhole me, consider me a libertarian capitalist – while defining capitalist as,

an advocate of capitalism

And capitalism?

Capitalism definition

An economic system based on a free market, open competition, profit motive and private ownership of the means of production. Capitalism encourages private investment and business, compared to a government-controlled economy. Investors in these private companies (i.e. shareholders) also own the firms and are known as capitalists.

Investopedia Commentary

In such a system, individuals and firms have the right to own and use wealth to earn income and to sell and purchase labor for wages with little or no government control. The function of regulating the economy is then achieved mainly through the operation of market forces where prices and profit dictate where and how resources are used and allocated. The U.S. is a capitalistic system.

Obviously the last sentence in the definition is outdated, since the US is no longer allowing the market forces to operate. The government is aggressively dictating where and how resources are used and allocated.

But yes, I’m a libertarian capitalist.

h/t Instapundit

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Filed Under: business, capitalism, economics, economy Tagged With: Fausta's blog

Comments

  1. Andrew Ian Dodge says

    April 8, 2010 at 7:16 pm

    You me and both Fausta. Not all libertarians are defined by Ron & his bunch of cultists.

  2. Fausta says

    April 8, 2010 at 7:56 pm

    Don’t get me started on the Ronulans, Andrew. It really is a cult!

  3. GM Roper says

    April 8, 2010 at 8:14 pm

    Ron has a place in the world of politics… it’s just that his place is where we drive by to see where we DO NOT want to go permanently.

    Ron should serve parents as the “Boogy Man” that kept us kids in line.

  4. Bastiat Fan says

    April 8, 2010 at 8:21 pm

    I’ve been a proud member of this club for many years…I just want to be LEFT ALONE. And no, I don’t think it’s too much to ask for.

  5. Kathy says

    April 9, 2010 at 11:30 pm

    Libertarian is the only way to be. Government has grown inch-by-inch so insidiously in the last 100 years that now people cannot imagine not having government involved in everything. Our culture has been corrupted, and our minds have been neglected.

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