LIBERTARIANISM VS ANARCHO CAPITALISM Libertarianism (Classical liberalism) depen

LIBERTARIANISM VS ANARCHO CAPITALISM

Libertarianism (Classical liberalism) depends upon the existence of rule of law (contractualism), defined, generally speaking, as natural law (Locke), with the question being only the minimum size and scope of commons production. Commons are desirable competitive advantage, and necessary for the defense of territory. So commons must evolve for the group to successfully compete.

Anarcho Capitalism (rothbardianism) denies rule of law, or any basis of law, other than intersubjectively verifiable property. Commons are undesirable and unnecessary in Anarcho Capitalism primarily because without fixed assets and territorial land holding, commons do not need to evolve, and would detract from the accumulation of portable capital.

In this sense Libertarianism = Natural Law (Rational cooperation) of land holders who pay for commons, and Rothbardian anarcho capitalism = property law (rational cooperation) of migratory shepherds and traders, who eschew payment for commons (and parasitically extract benefit from the commons of others whenever possible).