Main Page | Recent changes | Edit this page | Page history

Printable version | Disclaimers

Not logged in
Log in | Help
 

Capitalism

From Libertarian Wiki

Many libertarians focus on the concept of "capitalism", however they often use the word in different manners, resulting in different evaluations of whether capitalism is desirable or undesirable. Objectivists, anarcho capitalists, and other right libertarians generally consider capitalism to be an ideal social system, where all property and responsibility rests in the hands of individuals. This definition is similar to common usage in the United States, and may have developed during the Cold War. This definition is very close to definition of liberalism as it is used outside of the United States.

Some left libertarians, including mutualists and anarchists use a definition of capitalism that is closer to that used by socialists. They define capitalism as the social system run by and for the capitalist class, which may take many forms based upon the needs of capital. The original form of capitalism was essentially liberal, but as it developed it developed more intricate state controls over the people.

Geolibertarians are not against capitalism per se, but believe that the concept of land ownership needs to be corrected in order to make capitalism truly just and desirable. They see private collection of land rent as exploitation, and believe that it is the cause of most, if not all problems with the free market. They advocate a Land Value Tax as a means of correcting this percieved injustice.

Retrieved from "http://libertarianwiki.org/Capitalism"

This page has been accessed 238 times. This page was last modified 20:13, 31 March 2005. All content is available as Public Domain.

 

Future Banner Ad


[Main Page]
Main Page
Community portal
Current events
Recent changes
Random page
Help
Donations

Edit this page
Discuss this page
Page history
What links here
Related changes

Special pages
Bug reports