Capitalism vs. Libertarianism — What's the Difference?
Difference Between Capitalism and Libertarianism
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Compare with Definitions
Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
Libertarianism
Libertarianism (from French: libertaire, "libertarian"; from Latin: libertas, "freedom") is a political philosophy and movement that upholds liberty as a core principle. Libertarians seek to maximize autonomy and political freedom, emphasizing free association, freedom of choice, individualism and voluntary association.
Capitalism
An economic system in which the means of production and distribution are privately or corporately owned and development occurs through the accumulation and reinvestment of profits gained in a free market.
Libertarianism
One who advocates maximizing individual rights and minimizing the role of the state.
Capitalism
(politics) A socio-economic system based on private ownership of resources or capital.
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Libertarianism
One who believes in free will.
Capitalism
(economics) An economic system based on private ownership of the means of production and their operation for profit.
Libertarianism
A political philosophy maintaining that all persons are the absolute owners of their own lives, and should be free to do whatever they wish with their persons or property, provided they allow others that same liberty.
Capitalism
A socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.
Libertarianism
(philosophy) The doctrine of free will, as opposed to necessitarianism.
Capitalism
An economic system based on the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.
Libertarianism
Libertarian principles or doctrines.
Capitalism
An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with socialism or especially communism, in which the state has the predominant role in the economy.
Libertarianism
An ideological belief in freedom of thought and speech
Capitalism
An economic system based on private ownership of capital
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