libertarianism

noun

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

  The adherents of libertarianism believe that private morality is not the state’s affair and that therefore activities such as drug use and prostitution, which 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