Does libertarianism offer the perfect set of ideas to solve our problems, or are there a number of issues that it overlooks, making it an unrealistic fantasy?

Libertarianism is an ideology that prioritizes individual freedom above all else, and there are a number of metrics by which we can demonstrate that greater freedom paves the path towards greater prosperity and human flourishing.

They emphasize the idea that a number of positive unintended consequences arise from individual freedom, with justice and social harmony chief among these.

For instance, we can put the books down and look at recent lived experiences.

Since the fall of the Soviet Union, many former communist states enacted significant market reforms and prioritized respect for individual rights, while others have remained closed, authoritarian regimes. 

While transformation takes time, those countries with greater freedom have flourished compared to their more repressive counterparts, with much stronger economies and a higher quality of life.

Libertarians hold that people enjoy better outcomes the more free they are. But this assertion is often disputed on the grounds that it overlooks a number of issues, such as inequality, enforced structure, or social injustice.

Furthermore, libertarianism has challenges when it comes to the relationship between individuals and institutions: how would it be best to ensure the protection of liberties while we address collective problems?

Can libertarianism offer adequate solutions to pressing issues such as climate change, K-12 education, the student loan crisis, and rising healthcare costs? Most outside the liberty movement would instinctively argue that it doesn’t. However, libertarians have a case to make for how free-market solutions can address each of these issues.

So what would a libertarian utopia look like, how achievable would it be, and is it even a worthwhile aspiration?

Join us at LibertyCon International in Miami, Florida on October 15, where former Libertarian Party nominee for VP, Spike Cohen, and prominent liberal Twitch streamer and political commentator, Destiny, will debate this topic.

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This article was originally published on the Students For Liberty website.

This piece solely expresses the opinion of the author and not necessarily the organization as a whole. Students For Liberty is committed to facilitating a broad dialogue for liberty, representing a variety of opinions.