From a Scottish release presenting Libertarian Party beliefs, explaining libertarian views on the subject. The application of the philosophy as expressed by the Libertarian Party or others may or may not universally represent what is a libertarian view on the topic for all adherents.
Government intervention in our economy is currently taking a massive toll on living standards, especially for the poor, who do not have high disposable incomes and spend the majority of their cash on basic essentials. They take the brunt of rises in the cost of living. We can create a richer society where the costs of living fall, and living standards rise faster.
Here’s how we will do it.
The cost of housing has skyrocketed over the last five decades and with it the cost of renting. House prices rose by 4255% in the UK between 1971 and 2011. This has largely been driven by government interventions including too many regulations and restrictions on the use of land and buildings such as planning and zoning laws, landlord registration, building codes, height restrictions, greenbelt policies, stamp duty, and HMO licensing which limits the number of unrelated people who can share a flat.
Recently, a Russian company used a 3D printer to produce a little house in 24 hours at a cost of around £8000. A more open economy will provide cheap accommodation and we may see the end of homelessness sooner than we might think.
Lower Prices in the Shops
Currently we are forbidden from importing food and consumer products from some of the poorest countries in the world due to trade restrictions. By removing these trade barriers we can help lift millions out of poverty in third world countries) while reducing the price of shopping, which will especially help those at the bottom who spend the largest percentage of their income on basic essentials.