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Libertarianism

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Libertarianism has always been a approach of letting people live the way the want and to not have interference from others. In a sense it is a way to give free and full control of ones life to themselves without much government interference. There are two types of libertarianism that are common, which include total libertarianism and moderate libertarianism which practice two different types of approaches. It is a means of also setting up a free-market within the system and helping to create free and full competition.

In total libertarianism, it is explained that the government should write rules that protect individual property rights such as: no force, no theft , no fraud, no breach of contract(in class notes). For example, we mentioned in class the example of someone having a corn field with a bunch of corn, and being able to keep that corn without having to give it to any one or get it taken away because their individual rights was protected. The strength of total libertarianism is that it guarantees to protect any individuals property rights of any human being within the system, but at the same time its a approach that interferes with a free-market surrounding and can be a weakness in a free-market approach. Another type of libertarianism is moderate libertarianism in which the government writes rules that protect full and free competition and protect it from any monopolies, oligopolies and vertical integration(in class notes). For example, we talked about how eBay is the closest thing we have to a free-market and moderate libertarianism, because in a sense eBay is somewhere that any seller can compete freely with other sellers and not worry about any interference. A cellphone case can be sold at 8 dollars from one seller and the same exact case can be sold by another seller for 12-13 dollars but yet the consumer has the freedom to choose based on what they like and see(in class example).The strength of this approach is that it doesn’t interfere with a free market and lets everyone have an opportunity, but at the same time it major weakness is that it doesn’t fully guarantee someone individual property rights, and thus be unattractive to many people.

In conclusion, I believe that with today status quo, a libertarianism approach can work but I believe it would have to be a combination of both total and moderate styles of it. I believe that bringing both strengths together of each approach can help to create one that would be ideal for society. Being able to retain individual property rights, as well as having a full and free competitive market to operate in would be ideal because it would let everyone have an opportunity but also be protected at the same time.

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