There is an important distinction between lower-case L libertarians, of which I am one, and capital L Libertarians, of which Ron Paul is one. The former is simply the philosophical position that liberty ought to be maximized. In practice, this implies the elimination of coercive State government and exploitative capitalism (setting aside anarcho-capitalism, whose coherence I will address in future). The latter is an American invention, and is a hybrid of Austrian economics and Randian political philosophy (if it can be called such). To compare and contrast these two positions: the former is anti-State and anti-capitalist; the latter requires a state to enforce property rights, and is extremely pro-capitalist and against government intervention in the economy. The former is generally strongly federalist and socialist; the latter largely individualist and laissez-faire. Both oppose the intervention of any form of government into people's private lives, as well as some measure of positive enforcement of certain rights, although both view liberty as essentially negative (although many would argue that the distinction is meaningless).
There is another important distinction that needs to be made. It is between what I will term capital C Capitalism and lower-case C capitalism. Capital L Libertarians are also, necessarily, capital C Capitalists. That is, they hold the belief that capitalism is a desirable state of affairs, and a positive good for the world. Lower-case C capitalists are merely those people who own capital. They are business owners, CEOs, managers, bankers. Lower-case C capitalists can be Libertarians, conservatives or liberals, progressives or reactionaries. The former is an ideological position; the latter is a position in society.
Left socialists often rail against Libertarianism, which is fun to do, no doubt. However, Libertarians don't actually matter in society. Maybe in the future, when the Libertarian Party has a majority in the Senate, we can worry about their ideas. The real opponent of the left, though, is not the Capitalist Libertarian. The real opponent is the capitalist. So while it's intellectually interesting to get into shouting matches with the local Randroids, anarchists and other leftists should really save their energy, both physical and intellectual, for opposing actual capitalism! Arguing against right-wing Capitalists is easy. What's hard is convincing a liberal capitalist why stateless socialism is desirable (not to mention feasible). That's why I'm not gonna argue with Ron Paul supporters and Ayn Rand fans anymore. It's a waste of breath, both on principle and in effect. My task from now on will be to convince capitalists of their error.
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