How Do You Spell GEOLIBERTARIAN?

Pronunciation: [d͡ʒˌiːə͡ʊlˌɪbətˈe͡əɹi͡ən] (IPA)

Geolibertarian (/ˌdʒiːoʊlɪbərˈtɛriən/) is a political philosophy that incorporates elements of libertarianism and georgism. The spelling of the word "geolibertarian" follows the standard English rules for spelling with "geo-" referring to the earth and "libertarian" referring to the political philosophy. The IPA phonetic transcription of the word shows that the stress falls on the third syllable and the "b" in "libertarian" is pronounced. This word is gaining attention especially among people who advocate for social justice and sustainable economic policies.

GEOLIBERTARIAN Meaning and Definition

1. Geolibertarian is a term used to describe an individual who adheres to a political philosophy that combines elements of both libertarianism and georgism. Georgism, also known as geoism, is an economic theory developed by Henry George in the late 19th century. It argues that all individuals should have equal access to the Earth's natural resources, which are considered the common heritage of humanity.

   A geolibertarian believes in the principles of individual liberty and limited government intervention, characteristic of libertarianism, while also recognizing the need to address issues related to land ownership and natural resources. They argue that individuals have the right to keep the full fruits of their labor but maintain that the value derived from natural resources should be shared equally among the community.

   Geolibertarians advocate for the implementation of a land value tax, or a single tax on the unimproved value of land. This tax is seen as a replacement for other forms of taxation, such as income or sales tax, and aims to capture the economic rent generated by land ownership. The revenue generated from this tax is then redistributed to the community, ensuring equal access and benefit from natural resources.

   In essence, geolibertarianism seeks to reconcile the principles of individual freedom and property rights with the recognition that land and natural resources are part of the commons and should be shared in a just and equitable manner.

Etymology of GEOLIBERTARIAN

The term "geolibertarian" is derived from the words "geo-", combining Greek "ge" meaning "earth" or "land", and "libertarian", which refers to a political philosophy advocating for individual liberty, limited government intervention, and free markets.

The concept of geolibertarianism was developed in the late 20th century by economists and philosophers who sought to reconcile the ideas of libertarianism with the principles of economic justice regarding land and natural resources. It is rooted in the philosophy known as Georgism, named after American economist and social reformer Henry George.

Henry George argued that land and natural resources are common property and belong to humanity collectively, rather than being owned by individuals or corporations. He proposed that a single tax on the value of land could replace other taxes, promoting economic efficiency, equitable distribution of wealth, and social justice.