Theory of the market economy based upon the naïve idea that the state may be sustainably kept in reasonable proportions limited to the size of the economy. Despite being so obviously crude and unsophisticated, classical liberalism allowed Western countries to prosper and prevail over the rest of the world during the 18th and 19th centuries.
See laissez-faire, liberals
1. In the USA: social democrats or socialists; people who believe that entitlements or handouts are civil rights.
2. In the UK and continental Europe: bunch of idealistic fools who believe that the state could and should be limited in its powers as much as possible; see also classical liberalism.
See rights, socialism, national socialism
Freedom-loving individualists, who follow the rule “live and let live.” Libertarians are not interested in the state at all. Sadly, this does not prevent the state from being interested in libertarians as the taxpayers.
1. “The state is a special organisation of force: it is an organization of violence for the suppression of some class.” (Karl Marx, The State and Revolution)
2. “The State is the great fiction through which everyone endeavours to live at the expense of everyone else.” (Frédéric Bastiat)
3. “A city-state is a partnership of the free.” (Aristotle)
See debt, government, socialism