core ideas
Describe the idea of libertarianism
- limited government intervention, which includes economic aspects
- protects individual rights
what criticism would a communist make against libertarianism? (mostly right!)
would criticize:
-limited social safety net
-no economic intervention at all
What prize did Hayek win for his work?
Nobel Memorial Prize in Economic Sciences
Hayek argued that the government should be responsible for these things. (total of four)
Worker's rights, Breaking up of Monopolies, a Stable Legal Framework, and a basic social net
provide a reason why using ONLY libertarianism (choice of either left or right) would not result in a thriving government
Monopolies, those who rely government assistance
Whose ideas as a major founding figure contributed to libertarianism? (hint: also known for idea of social contract)
John Locke
explain how left libertarianism differs from the right in the economic aspect
- left is anti capitalist
- right promotes laisse faire/ capitalist ideas
Describe how anarchism is libertarianism on an extreme level- in what way does it criticize libertarianism?
Answers include but not limited to:
- Rejects all authority
- relies on all members of society to cooperate to meet needs
what is the definition the French word, libertaire, a part of the etymology of libertarianism? (bonus for +100: what is the Latin word and its definition?)
libertaire means "free and egatarian"
bonus: libertas - Latin word that means "freedom"
Fredrich Hayek argued for this, which was against government intervention in the economic direction. Explain how this aspect supports libertarianism in the stance for individualism.
Free markets, which enabled individualism
What social responsibilities might be undermined as a result of the implementation of libertarianism? (Think about what the government provides today)
- Social safety nets
- Public goods and infrastructure
- Addressing Inequality and Social Justice
when, why, and what area did libertarianism spread? (hint: what was the appeal for it, and when were time(s) of total war?)
Libertarianism became popular indirectly during World War 1 and 2, when people started experiencing individualism (mostly economic).