libertarianism (lib¦er|tar¦ian|ism)

noun

• an extreme laissez-faire political philosophy advocating only minimal state intervention in the lives of citizens.

• Its adherents believe that private morality is not the state’s affair, and that therefore activities such as drug use and prostitution that arguably harm no one but the participants should not be illegal. Libertarianism shares elements with anarchism, although it is generally associated more with the political right (chiefly in the US); it lacks the concern of traditional liberalism with social justice