libertarianism
noun
Note: Libertarianism asserts that government should be used solely to protect the freedom of the individual and should not be used for financing social services or public works or for subsidizing or regulating businesses.
Both classical liberalism and libertarianism refer to a political philosophy asserting that governmental power should be limited to that required for protecting the freedom of the individual. Classical liberalism is a philosophy supported or promoted in modern times, but it is also recognized as an early form of liberalism dating to the 17th century. However, where modern liberalism typically calls for the government to both protect and advance the freedom of the individual (as by relieving social inequities), classical liberalism contends that extending governmental power beyond the protection of individual freedom carries the risk that those who govern will abuse their power. Libertarianism is sometimes considered to be a modern term for what is essentially classical liberalism, but it is also sometimes held to be its own philosophy calling for a more limited role for government.
Share