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libertarianism

The belief that government should not interfere in the lives of citizens, other than to provide police and military protection. Libertarianism cannot easily be placed on the left-right scale that is usually used to analyze political philosophies. Libertarians are strong supporters of capitalism and free trade and yet also tolerant on social and lifestyle issues, which are considered none of the government's business. The basic philosophy is "live and let live." For example, libertarianism would remove the ban on consensual activities, often called "victimless crimes," such as drug use and prostitution, which do not harm the person or property of another. A Libertarian Party was formed in 1971 and regularly contests presidential elections, winning just over half a million votes in 2008, amounting to 0.4 percent of the vote.

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