A Précis On Libertarianism And Capitalism

Libertarianism is the political system wherein the highest political good is the protection of the individual citizen's right to life, liberty and property. Capitalism is the economic system of libertarianism since in libertarian societies the institution of the right to private property, that is, to own anything of value (not, of course, other human beings, who are themselves owners), is fully respected and protected.

Libertarian law rests on the idea that the individual is the most important member of society, with all groups to be formed by the consent of individual members, including the military, corporations, universities, clubs, and the government itself. What is primarily prohibited in a libertarian society is involuntary servitude. What is primarily promoted via the political administration is the liberty of all persons to advance their own objectives provided they do not in this process violate anyone's equal rights.

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