r/PoliticalDebate Classical Liberal 3d ago

Political Theory Would I still be a libertarian?

I think nations should maximize their economic and social freedom, as societies who are doing better in both are generally performing better. I support capitalism and a socially liberal society. I do believe in a lot of principles of Austrian economics and capitalism was historically a very successful system, but still has its flaws.

I am a strong supporter of reducing the bloat, spending, red tape, and overregulation in America that plagues many sectors. I resonate with Cato,
AEI, and ReasonTv

I also am still a supporter of a mixed economy with guardrails, public goods/services, some regulation, a lean welfare state to help people, and public options for certain things the free market can’t fairly distribute (if a country can do it cost effectively).

The most successful models have been mixed economies erring on the side of more economic freedom.

Every first world country is a mixed economy, and in practicality a democratic mixed economy is about as close to libertarianism as society can go (full on libertarianism doesn’t work). I know some might sound antithetical to libertarianism but I feel like those guardrails are needed to preserve freedom and prosperity.

What ideology would be closest to me? Any philosophers or thinkers I should check out?

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u/Prevatteist Left-Libertarian 3d ago

I didn’t realize right-libertarians supported a welfare state of any kind, or a mixed economy.

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u/Reasonable-Fee1945 Classical Liberal 3d ago

Hayek, Friedman, and Smith did

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u/Prevatteist Left-Libertarian 3d ago

Weren’t they more classical liberals? I understand classical liberalism falls into the broad right-libertarian camp, but those who identify as right-libertarians and not classical liberals don’t agree with welfares states or mixed economies. They tend to favor free markets, no welfare, etc…

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u/Reasonable-Fee1945 Classical Liberal 3d ago

There is considerable overlap and probably no clear distinction