“Libertarians strongly oppose any government interference in your personal, family, and business decisions. Essentially, we believe all Americans should be free to live their lives and pursue their interests as they see fit as long as they do no harm to another.”
– Libertarian party's official website
The Definition of Libertarianism
Libertarianism is a political outlook that places the rights of the individual above the rights of the government. Libertarians believe in a capitalist market economy free from government interference and a society where people can choose to live their lives as they see fit. They only ask the government to offer basic protections of freedom and security.
Libertarians generally have the following views:
- Libertarians believe in a free market economy with minimal to no government interference
- Libertarians advocate for the reduction or elimination of taxes, believing that high taxes stifle the flow of the market
- Libertarians believe in minimal government spending. Allowing the economy to function and prosper will resolve many of the issues around inequality
- Police and military should receive minimal funding, just enough to protect basic personal and property rights and to safeguard against emergencies
- The government should not get involved in the personal lifestyle choices of individuals as long as those actions aren’t hurting anyone
- Parents and guardians should have school choice
Characteristics of Libertarianism
Libertarians are often fiscally conservative and socially liberal. Libertarians believe that the ultimate power in society rests in the hands of the individual, as opposed to the government. Economically, they believe the government should remain largely uninvolved. The free market will resolve its issues if it is left alone.
Morally, libertarians maintain their preference for minimal government interference. Libertarians argue that as long as what someone is doing doesn’t directly hurt another person, they should be allowed to live their lives as they choose.
What follows is an overview of libertarian views and how they are similar to or different from conservative and liberal perspectives. In some cases, libertarian ideas overlap with one or the others' ideas.
Issue | Liberal | Conservative | Libertarian |
Economy | Prefer more regulation to help the needy and equalize opportunities. | Value a capitalist system and reduced government regulation of the economy to allow the market to flow. | Believe in a free market economy, with the least amount of government involvement possible. |
Taxes | The wealthy should be taxed more heavily; lower taxes for the poor and middle classes. | Lower taxes, especially for the wealthy. | Lower taxes for all, regardless of income. They believe that high tax rates stifle the economy. |
Government Spending | It is the government’s job to spend to address social inequalities. The government should fund programs to benefit people in need. | The government should avoid spending money on social programs and instead invest in the military and police to maintain the social order. | Keep government spending to a minimum. |
Police and Defense | Those undergoing trial have rights that must be respected. Decriminalize “victimless” crimes like drugs and sex work. | The police and military should be funded to ensure the United States is safe and protected from outside threats. | Minimize government spending on security and defense, decriminalize “victimless” crimes, and establish basic protection of property and personal freedom. |
Education | Advocacy for public schools; tend to be against private education and school of choice, believing it takes away from the value of public schools. | Support educational flexibility around religious beliefs and favor charter schools and schools of choice. | Values schools of choice and privatization of schools. The competition of a market model will improve education for everyone. |
Lifestyle and Personal Freedoms | Appreciates greater freedom when it comes to personal and lifestyle choices. | Values more government involvement in social and moral issues, which is necessary to maintaining a healthy social order. | Believes in a hands-off government approach to social and lifestyle choices, as long as they do not hurt others. |
The History of the Libertarian Party
The Libertarian party is a U.S. political party founded in 1971 by David Nolan in Colorado Springs, Colorado. Libertarians believe in a free-market economy and minimal government intervention. They support the rights of the individual alongside a small government.
Libertarianism was founded by individuals spanning political party lines. The founders wanted to develop something different from the traditional Democratic and Republican parties. While the libertarian party hasn’t had much measurable political success, its numbers have grown over the years to over 600,000 registered party members.
The Libertarian party is considered a third party. Except for a few very close elections, the party doesn’t play a major role in American politics. Since libertarianism isn’t currently a viable political party platform, much of its work focuses on trying to establish itself further and broaden its appeal to voters.
Libertarianism is a draw for young Republicans who share the economic ideals of their party but don’t align with its social conservatism.
Political Allegiance of Libertarians
Libertarians represent a cross-section of liberal and conservative views. Economically, libertarians take a more conservative approach, preferring that the government avoid intervening in the flow of the free-market economy. However, libertarians differ from many conservatives when it comes to social and moral issues. They maintain a hands-off government stance, while many traditional conservatives prefer the government to involve itself in certain aspects of society.
Libertarianism vs. Republicanism
Libertarians are conservative regarding the economy, preferring minimal government involvement, and liberal about personal and moral choices. Libertarians often align with Republicans regarding fiscal views but veer away from Republican politics, believing that the government should not involve itself in personal affairs that do not impact others directly. There is a notable crossover between Republican and Libertarian policies and adherents.
Liberalism vs. Libertarianism
Libertarians share many traits with liberalism regarding the role of the government in social affairs. Libertarians prefer a hands-off and tolerant approach and oppose government efforts to regulate morality or lifestyle. However, while liberals would like the government to become involved in the economy by assisting those in need and equalizing opportunities, libertarians do not. Libertarians oppose government interference in the economy, believing it harms society.
Libertarianism vs. Authoritarianism
Authoritarianism is the opposite of libertarianism. By definition, authoritarianism refers to people submitting to the government's will. Authoritarianism values blind obedience to authority figures. In contrast, libertarians do not believe in heavy-handed government authority. They consider this overreach. Libertarians believe government involvement beyond ensuring public safety and maintaining property rights harms society.
Examples of Libertarians
Over the years, several notable libertarian candidates have run for president. The following section details the most prominent libertarians – Ron Paul and Gary Johnson – to impact American electoral politics.