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In the case of libertarianism, because it opposes fraud and the initiation of force, when pursuing its hereditary linkage to original liberalism it should be classified as standing on the left side of the political divide. Some might respond that legions of capitalists have taken leading roles in authoritarian productions. True, but these so-called capitalists mostly hobnob with politicians and statists, promote rent-seeking, endogenous policies to obtain state-sanctioned monopolies. As the cronies of statists, they are barely a cut above socialism, and have little interest in letting capital and goods move freely and unrestricted between buyer and seller, for whom, in turn, they have little sympathy. They are fastened to government coffers and machinations, and they downplay the value of the dynamics of competition. (en) |
