libertarianism
/ˌlɪbərˈtɛriənɪzəm/
noun
- A political philosophy that emphasizes individual freedom, limited government, and free markets.
- The debate between libertarianism and socialism centers on the role of government in the economy.
- Libertarianism argues that people should be free to live their lives as they choose as long as they don't harm others.
- Many supporters of libertarianism believe taxes should be very low.