New York magazine has a long piece out by Christopher Beam that, for a much of its wingspan, makes a pretty fair and quote-rich argument for us living in something that at least approaches a "libertarian moment." Sample:
There's never been a better time to be a libertarian than now. The right is still railing against interventionist policies like TARP, the stimulus package, and health-care reform. Citizens of all political stripes recoil against the nanny state, which is nannier than ever, passing anti-smoking laws, banning trans fats, posting calorie counts, prohibiting flavored cigarettes, cracking down on Four Loko, and considering a soda tax in New York. All that, plus some TSA agent wants to handle your baggage.
Libertarianism has adherents on the left, too—they just organize around different issues. Whereas righty libertarians stew over taxes and bailouts, lefty libertarians despise de facto suspensions of habeas corpus, surveillance, and restrictions on whom you can marry. It's not surprising that the biggest victories of the right and the left in the last weeks of this lame-duck session of Congress were about stripping down government—tax cuts and releasing the shackles of "don't ask, don't tell."
Much of Americans' vaunted anger now comes from a sense of betrayal over libertariansim shrugged. Right-wing libertarians charge that the Bush presidency gave the lie to small-government cant by pushing Medicare Part D, No Child Left Behind, and a $3 trillion war. Left-wing libertarians are furious that Obama talked a big game on civil liberties but has caved on everything from FISA to DOMA to Gitmo. Meanwhile, the country faces a massive and growing deficit (too much government!) that neither party has the power or the inclination to fix. If there were ever a time to harness libertarian energy—on left and right—it's now. [...]
Libertarianism gets marginalized in American politics because it doesn't fit into the two-party paradigm. Libertarians want less state intrusion into the market, which aligns them with Republicans, but also less interference in social choices, which aligns them with Democrats. As Massachusetts governor William Weld put it in 1992, "I want the government out of your pocketbook and your bedroom." To the partisan brain, this doesn't compute. "In 1976, people didn't have the vaguest idea of what I was talking about," says Ron Paul. "Why was I voting with the left sometimes and with the right other times?"
Yet libertarianism is more internally consistent than the Democratic or Republican platforms. There's no inherent reason that free-marketers and social conservatives should be allied under the Republican umbrella, except that it makes for a powerful coalition. Libertarianism lies crosswise to the partisan split, giving its adherents a kind of freethinker, outcast status. This can be especially attractive for young people.
Beam's piece ends on an extended Big But, in which we hear warnings about doctrinal purity, extreme Randian selfishness, Brink Lindsey leaving Cato, and minarchy being "an elegant idea in the abstract." In the real world, not bailing out banks "would have unfairly punished a much greater number" of homeowners, and so on. Plus, that one Tennessee house burned down, and: Somalia! He ends the piece like this:
It took 35 years for Ron Paul to reach the center of American politics. And it could take another 35 before he or someone like him is back. It's certainly a libertarian moment—but it's not liable to last too long. Libertarianism and power are like matter and anti-matter. They cancel each other out.