The Libertarian Party only represents part of the picture... a view that regrettably insists on the productive wonders of wealth and politically powerful private corporations.
Many Republicans, even those who consider themselves part of the small "L" libertarian movement", rail against "welfare" for individuals but neglect to mention the beneficiaries of near invisible State subsidies: large corporations. Our government subsidizes large corporations through artificial property rights; a regulatory system that benefits large, established players at the expense of smaller suppliers; subsidizing long-distance transportation at the expense of local enterprise more able to adapt supply to demand; and creates high overhead capital costs designed so that most regular people are unable to ever go into business themselves.
In short, Capitalism as we know it couldn't survive without the state; “free market” capitalism does not exist;what the Republican party, and Mitt Romney, proposes is really privatized feudalism.
The Libertarian Party of the United States has an almost total disregard for non-State sources of oppression exemplified by the modern, top-down State Capitalist economic system. True Libertarians fight against the coercive state as a way to reform our society, as do traditional Republicans. However, Libertarians need to also fight against the concentration of wealth and the class system... as do those one may consider traditional Democrats. The difference lies in the wish to have the state be a means to reach the goal.
Thanks for responding here. I find it very refreshing to see a knowledgeable perspective, and I agree with you almost a hundred percent.
To give insight into my personal views about what you've mentioned, let me drop two names that should let you know precisely where I am in the spectrum of it all; Murray Rothbard, and Roderick Long. As far as economics go, I'm a fan of the Austrian school.
My only disagreement with you is on the republican party. The original "party of Lincoln" did oppose most facets of government coercion, but the mess that the party is in today is quite the opposite. They consistently vote for more coercion, and for more individual oppression by supporting such legislation as the NDAA, cispa, and the patriot act.
They also are consistently encouraging more military interventions, and a foreign policy that makes enemies for us rather then friends. That background then allows them to push a repressive domestic policy agenda that the original "party of Lincoln" would find as deplorable today as the Libertarians do.
I'd also say that we have already been living in a feudal society (of variable aspects) since at the very least, our civil war.
The LP of America is not perfect, but it is the best thing going for us at the moment. Before we can move to a form of government we want (or lack there of), we have to begin to deconstruct the major bloat of our current, and inefficient government. We must start somewhere, and it is most definitely not with a federal vote for "D" or "R".