The Truth about the Welfare State

I can't recommend too highly Kevin Carson's latest at the Center for a Stateless Society. "Giving Back With a Spoon, Taking With a Shovel" is a brief but excellent introduction to the American political economic system and the fundamental short-coming of most right-wing "free market" analysis. Choice quote:

The main effect of most government policies is to increase entry barriers, minimum capital outlays, and overhead cost of small-scale production, and to reduce the amount of idle land and cheap capital, so as to minimize the number of self-employment opportunities that wage employers are forced to compete with for your labor. And by putting a floor under the cost of subsistence, the regulatory framework increases the size of the minimum revenue stream the average household needs just to break even, hence increasing workers’ demand for hours of employment relative to the supply....

I believe the overwhelming trend of income transfer is upward (but more indirect and less visible), and that the direct and visible downward transfers involve just the least possible fraction of this enormous sum required to reduce outright homelessness and starvation below politically destabilizing levels.

Read the entire article and you'll have an idea of what left libertariansism is about.

While you're at it, also read Carson's "Labor Struggle: A Free Market Model" (pdf) for excellent revisionist history on the labor movement.