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| | Economic libertarianism - Wikipedia, the free encyclopedia |
 | | Economic libertarians were on the defensive for most of the 20th Century, as they faced a strong challenge from communist, fascist, and welfare liberal economic philosophies. |
 | | Economic libertarianism saw a resurgence in the 1980s, with the election of Margaret Thatcher in Great Britain, the election of Ronald Reagan in the United States, and economic liberalization in many developing nations, including South Korea, Taiwan, and Chile. |
 | | Economic libertarians, as well as generalized libertarians, advocate laissez-faire capitalism, where all the means of production are privately owned, economic and financial decisions are made entirely privately, goods and services are exchanged in a free market, and there is little or no positive state intervention in the economy. |
| en.wikipedia.org /wiki/Libertarian_economic_views (1206 words) |
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