The answer is “Absolutely not!” A private property system is perfectly compatible with all the well-known facets of a libertarian society. Yet there appears an article on a libertarian website (The Libertarian Institute) that claims the opposite. How did the author, Craig Cantoni, achieve this inversion? He did it by taking a reasonable definition of capitalism and then embedding it in a non-capitalistic historical context, namely, the context promoted by Alexander Hamilton. Only by declaring Hamilton a capitalist and by linking the term capitalism to a long train of Hamiltonian anti-capitalistic laws was Cantoni able to arrive at the false … Continue reading Is Capitalism Incompatible with Libertarianism?