Which political ideology advocates for minimal government intervention in individual lives and the economy?

Libertarianism is the political ideology that advocates for minimal government intervention both in individual lives and the economy. It is founded on principles of individual liberty and personal responsibility, believing that individuals should have the freedom to make decisions for themselves as long as they do not infringe upon the rights of others. Libertarians typically support free markets, limited government, and minimal regulation, arguing that government involvement often leads to inefficiencies and infringements on personal freedoms.

In contrast, progressivism seeks governmental action to address social issues and promote greater equality, suggesting a more active role for the government in economic and social matters. Conservatism often values tradition and social order, advocating for some level of government intervention in moral and cultural affairs. Socialism promotes collective or governmental ownership over the means of production, advocating for significant government intervention in the economy to achieve social equity. Thus, while each of these ideologies has its own unique views on the role of government, libertarianism distinctly emphasizes a hands-off approach.