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Economics

Libertarians Are the New Communists

Sept. 6 (Bloomberg) -- Most people would consider radical libertarianism and communism polar opposites: The first glorifies personal freedom. The second would obliterate it. Yet the ideologies are simply mirror images. Both attempt to answer the same questions, and fail to do so in similar ways. Where communism was adopted, the result was misery, poverty and tyranny. If extremist libertarians ever translated their beliefs into policy, it would lead to the same kinds of catastrophe.

Let’s start with some definitions. By radical libertarianism, we mean the ideology that holds that individual liberty trumps all other values. By communism, we mean the ideology of extreme state domination of private and economic life.