Right-libertarianism
| Part of a series on |
| Libertarianism |
|---|
| Part of a series on |
| Capitalism |
|---|
Right-libertarianism, also known as libertarian capitalism, or right-wing libertarianism, is a libertarian political philosophy that supports capitalist property rights and market distribution of natural resources. The term right-libertarianism is used to distinguish this class of views on the nature of property and capital from left-libertarianism, a variant of libertarianism that combines self-ownership with an egalitarian approach to property and income. In contrast to socialist libertarianism, capitalist libertarianism supports free-market capitalism. Like other forms of libertarianism, it supports civil liberties, especially natural law, negative rights, the non-aggression principle, and a significant transformation or outright elimination 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 government authority. Right-libertarians typically see the state as the principal threat to liberty. This anti-statism differs from anarcho-socialist theory (but not individualist anarchist theory) in that it is based upon private property norms and 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 criminally immoral, unnecessary, and counter-productive. Although all right-libertarians oppose government intervention, there is a division between anarcho-capitalists, who view the state as an unnecessary evil and want property rights protected without statutory law through market-generated tort, contract and property law; and minarchists, who support the need for a minimal state, often referred to as a night-watchman state, to provide its citizens with courts, military, and police.
Like libertarians of all varieties, right-libertarians refer to themselves simply as libertarians. Being the most common type of libertarianism in the United States, right-libertarianism has become the most common referent of libertarianism there since the late 20th century while historically and elsewhere it continues to be widely used to refer to anti-state forms of socialism such as anarchism and more generally libertarian communism/libertarian Marxism and libertarian socialism. Around the time of Murray Rothbard, who popularized the term libertarian in the United States during the 1960s, anarcho-capitalist movements started calling themselves libertarian, leading to the rise of the term libertarian capitalist (mainly used by proponents) and right-libertarian (mainly used by opponents) to distinguish them. Rothbard himself acknowledged the co-opting of the term "libertarian" and boasted of its "capture [...] from the enemy" after statists had captured the term "liberal" from the champions of liberty.