Even though support
for the free market has become stronger in the last decades, libertarianism can
still only be considered a fringe movement. Most people still believe that many
social problems are due to “market failure” and therefore require State intervention
to be “solved”. Despite the obvious flaws of modern
socialism, with its unlikely combination of redistributive welfare state
and globalist crony capitalism, and despite libertarianism’s robust philosophical
and empirical
foundations, the liberalism of
Ludwig von Mises is still far from enjoying the majority support that it so
amply deserves.
