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Libertarian Socialism
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Chomsky as well expresses a view of libertarian socialism. And Chomsky, as well or better than any other, clarifies the distinction of right and left libertarianism. Libertarians across the spectrum are opposed to excessive concentrations of political power, as it is viewed that such high degrees of concentrated political power in society have more often than not created more harm than good a view that is shared among Jefferson, Thoreau, Bertrand Russell, Kropotkin, Chomsky and many others.
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In Aragon, a real, not utopian form of libertarian socialism was realised. The model of distribution of wealth was not identical but, in general, it was based on the family wage, usually paid in coupons and purchasing power was in harmony with the new economy. Even though the local currency was stable it was not legal in the whole country and therefore the libertarian collectives used national currency for trips outside the local area. This was done so as not to limit a person's economic or physical freedom if he or she wanted to travel or live elsewhere.
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The next major step in the development of libertarian socialism came with Peter Kropotkin, another Russian aristocrat who expounded a philosophy that he dubbed "anarchist communism". His writings included The Conquest of Bread and Fields, Factories and Workshops. Kropotkin gave up his nobility and refused the offered position of secretary of an important geographical society on moral grounds. He traveled across the world, using his training as a geographer to catalog productivity, and concluded that an admirable lifestyle could be achieved for all with only five hours of work per day for part of your adult life. He ... elaborated an idea called mutual aid, which he believed humans were naturally driven towards.
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“Early in the twentieth century, libertarian socialism was as powerful a force as social democracy and communism. The Libertarian International – founded at the Congress of Saint Imier a few days after the split between Marxist and libertarians at the congress of the Socialist International held in The Hague in 1872 – competed successfully against social democrats and communists alike for the loyalty of anticapitalist activists, revolutionaries, workers, unions and political parties for over fifty years. Libertarian socialists played a major role in the Russian revolutions of 1905 and 1917. Libertarian socialists played a dominant role in the Mexican Revolution of 1911. Twenty years after World War I was over, libertarian socialists were still strong enough to spearhead the most successful revolution against capitalism to ever take place in any industrial economy, the social revolution that swept across Republican Spain in 1936 and 1937.”[18]
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Libertarian socialism will have to create a new economic doctrine and a new system of estimating the national or social income. Actually, the concept of gross national product (GNP), of which there is so much talk and is so little understood, counts in unstable monetary units, the total of the goods and services obtained by economic activity: agriculture, industry, services, as large integrated sectors of the national economy.
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Libertarian Socialism