Libertarian Socialism: Not an oxymoron. In fact, the term “libertarian” was first used by a French anarcho-communist back in 1857 to describe himself (an anarchist). The modern term libertarianism (economic freedoms) was originally called liberalism. The term “libertarian” describes liberty (thus, the term is also used to describe metaphysical liberty within philosophy and metaphysics), and the term socialism describes a society in which wealth is fairly distributed. Thus, it is neither a literal nor a practical contradiction.

A libertarian socialist would argue that a society based on such huge disparities of wealth is unfree. If you wish to enter into employment, you choose first and take orders later (as with liberal democracy). Libertarian socialists believe in voluntary association and economic democracy. This will allow the individual to reach his/her full potential.