Will the libertarian party ever win?
Has a libertarian party ever won a general election anywhere?
The Russian government of Yegor Gaidar from 1991-1992 pursued a policy that in the West is often associated with libertarianism. This policy included:
- Transition to the market economy
- Large-scale privatization without adequate compensation from the state
- Radical cuts in government spending, including the military, science, medicine and education
- Reduce free education and health services
- Abolition of state price controls
- Abolition of state regulation of the foreign exchange market and the currency in circulation. Allow foreign currencies to circulate freely
- Deregulation of most markets including food, alcohol, tobacco, pornographic production, public transport, retail, banking, mass media, security services
- Dismantling protectionist barriers and facilitating border controls
- Introduction of private land ownership
- Legalize the possession of self-defense equipment
- Support for regional separatism
- Abolition of the criminal punishment for drug use and homosexuality
The government that carried out this policy remained in power for a short time. The policies implemented are widely viewed as disastrous.
The country's economy deteriorated. The budget deficit and hyperinflation reached invisible heights. The crime rate, drug use, prostitution and infectious diseases skyrocketed. Several regions proclaimed sovereignty, including the Chechen Republic, which later led to war. Industrial production fell by more than half. Ethnic conflicts intensified. Neo-Nazi, jihadists and other extremist groups as well as quasi-religious organizations flourished. Large-scale fraud of the type of Ponzi schemes and pyramids robbed millions of their possessions. Many companies stopped paying or significantly delayed wages.
All of this led to a constitutional crisis in 1993 when the Supreme Council refused to allow Yegor Gaidar to serve as prime minister for a new term. President Yeltsin then staged a coup and ordered the parliament building to be shot with tanks. After the crisis was resolved with the adoption of a new constitution, Yeltsin dared not re-appoint a highly unpopular gaidar, but state policy continued in many ways, if not as radically as before. Yegor Gaidar's ideas were carried forward by the Democratic Choice party of which he was a member.
In 1993, thanks to overwhelming support from the press, the party took second place in the elections after the nationalist LDPR party. However, in 1995 the party only received 3.5% of the vote, which was insufficient to win seats in the legislature, and was later disbanded.
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