Libertarianism is rejected by the modern left — which preaches individualism but practices collectivism. Capitalism is rejected by the modern right-w… - Karl Hess

Well, it's hard to tell on the basis of the Party's rhetoric, after all they're running for state office, but my experience is that most people who are in the Libertarian Party have pretty decent anarchist impulses, even if they do not say they are anarchists—most of them will say they are libertarians, at any rate.<p>And one thing that is useful is that they have a fairly well-refined analysis of why they aren't conservative. It took the New Left to do a proper analysis on American liberals, it seems to me, and I suspect that the libertarians are doing the best analysis of American conservatives.<p>I think that they are quite good people, and that the Party contains within it probably more people of an anarchist tendency than any other organisation in the country.

Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so.

Libertarianism is a people's movement and a liberation movement. It seeks the sort of open, non-coercive society in which the people, the living, free, distinct people may voluntarily associate, dis-associate, and, as they see fit, participate in the decisions affecting their lives. This means a truly free market in everything from ideas to idiosyncrasies. It means people free collectively to organize the resources of their immediate community or individualistically to organize them; it means the freedom to have a community-based and supported judiciary where wanted, none where not, or private arbitration services where that is seen as most desirable. The same with police. The same with schools, hospitals, factories, farms, laboratories, parks, and pensions. Liberty means the right to shape your own institutions. It opposes the right of those institutions to shape you simply because of accreted power or gerontological status.