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True "liberalism" recognizes power accretion and seeks, via structuring of government power, to shape that power toward guarantees of individual liberty, such as creating economic equilibrium through extensive (but not exclusive) private ownership of property/capital, means of production, and rights to labor. Libertarianism, however, denies that power accretes, instead presuming that individuals inherently have the means to defy gravity. Link

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lsanderson

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