In his recent article, “The Strange Death of Libertarianism,” conservative Daniel McCarthy argues that libertarianism has lost its raison d’être and is no longer relevant. Free markets, he says, triumphed in the 20th century; marijuana and pornography are mainstream; and Americans are supposedly demoralized by “anti-government ideology.” Libertarianism apparently has nothing new to offer, so it’s time to move on with “right-wing populism” in the fight against a resurgent “socialism.” Mr. McCarthy also makes clear that Vice President JD Vance and Secretary of State Marco Rubio, potential 2028 presidential candidates, prefer “common-ground” capitalism and align with right-wing populists.
Two things strike me about his argument. First, libertarianism is much more than a list of policies, such as free markets and legal marijuana. It is a theory of individual liberty and political power, centered on a timeless question: Who decides—the individual or the government? Second, libertarian ideas do not become obsolete because they succeed. Their success shows their power—and why the struggle for individual liberty, limited government, free markets, and peace never ends. The ominous rise of socialism and right-wing populism, both of which share some economic and political views, only makes libertarian ideas more relevant.