Right-libertarianism, known as libertarian capitalism is also referred to as right-wing libertarianism. Right-libertarianism includes anarcho-capitalism and laissez-faire, minarchist liberalism. Right-libertarians typically see the state as the principal threat to liberty. Right-libertarianism is a political philosophy and type of libertarianism that supports capitalist property rights and defends market distribution of natural resources and private property. Right-libertarianism holds that unappropriated natural resources may be appropriated by individuals.
Right-libertarians refer to themselves simply as "libertarians". Right-libertarianism has become the most common referent of "libertarianism" though historically it continues to be widely used to refer to anti-state forms of socialism such as anarchism, and more generally libertarian communism, libertarian Marxism and libertarian socialism. Libertarianism is also synonymous with classical liberalism. Till recently the term libertarianism was often used as a synonym for anarchism. Left-libertarianism goes further and holds that unappropriated natural resources belong to everyone and must be distributed in some egalitarian manner. Right-libertarians maintain that unowned natural resources may be appropriated by the first person who discovers them, or merely claims them without the consent of others.
Right-libertarianism may be destined for an important role in American life. If that happens, for this would mean an important thrust toward the dismantling of the war machine. Right-libertarians believe that natural resources are unowned and therefore private parties may appropriate them at will without the consent of others. Right-libertarianism refers to libertarian political philosophies that advocate negative rights, natural law, and a major reversal of the modern welfare state. Right-libertarians are anarchocapitalists, particularly among the youth. Anarchocapitalism, however, also contains within it a large spectrum of differing ideas and attitudes. Right-libertarianism according to some political analysts, academics and media sources, especially in the United States, is the libertarian philosophy which is supportive of free-market capitalism and strong private property rights, in addition to supporting limited government and self-ownership.
Libertarianism is a term used by political philosophies which seek to promote individual liberty and seek to minimize or abolish the state. Left-libertarianism endorses full self-ownership, but differs on unappropriated natural resources. Leonard Read rejected the concepts of Left-libertarianism and Right-libertarianism, calling them authoritarianism.