Wikipedia:Today's featured article/June 25, 2005



Libertarianism is a political philosophy that holds that individuals should be allowed complete freedom of action as long as they do not infringe on the freedom of others. This is usually taken by libertarians to mean that no one may initiate coercion, which they define as the use of physical force, the threat of such, or the use of fraud to prevent individuals from having willful use of their person or property. In the economic realm, they generally oppose taxation and government regulation of business activities, and aim to reduce the size and scope of government. To the extent that libertarians advocate any government at all, its functions tend to be limited to protecting civil liberties and economic liberties (by protecting private property and a free market) through a police force, a military (with no conscription), and the courts.

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