Friday, September 5, 2014

On libertarianism . . .

"There are many ways to defend the free market economy, including its efficiency, but the starting place, according to libertarian theory, is the moral and legal right possessed by an individual to own property, which implies the right of an individual to disown property. It is ownership and disownership that serve as the foundation of libertarian social theory, and also serves as the foundation of free-market economic theory."

"The collectivist begins with the concept of the state as the final authority. Libertarian theory begins with the concept of the individual as the final authority."

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