>>407721I've noticed it too, but it seems like this new wave of libertarianism has fundamentally shifted to be slicker, more blatantly pro-corporate, and more in line with neoliberalism. I think this represents a long-standing convergence between the "radical right" and the neoliberal establishment. I agree with the post here
>>407736 that libertarianism is just the form the right takes when in opposition, and as such, I think it would be useful to look at how this libertarianism has manifested during three different periods of Democrat presidency (Clinton, Obama, and Biden).
Under Clinton, the right-wing, libertarian opposition was both far more "radical" and far more willing to work with outright fascism. We saw a growth in millenarian religious cults, militia movements, and various neo-fascist orgs that all held a sort of informal alliance. Sure, there could always be a thin level of deniability for the libertarians, but they'd always go out of there way to attack the "government mishandling/persecution" of fed actions against these orgs. Over this period, we saw neo-fascism and libertarianism align in instances of right-wing terrorism such as Waco, Ruby Ridge, the Oklahoma City Bombing and others, where the neo-fascist ideology always contained ideological and organizational ties with militia orgs and other libertarian movements. In this period, even Murray Rothbard sought an alliance with the KKK. What we saw, through the small-scale attacks and the compounds, was a libertarianism that was both well divorced from the Democratic Third-Way neoliberalism (at least on a surface level, the two still complemented each other as fascism always does under liberalism) and well unified with neo-fascism.
Under Obama, it's worth noting that libertarianism became far more mild. Rather than verging towards outright insurrection and far-right unity, the movement became far more mild and almost solely "anti-government". Here we saw the South Park libertarians and the nu-atheist libertines who would argue about being "socially liberal, fiscally conservative". Gone were the Klan-allying Austrians and armed militias, replaced with far more neutered counterparts like Ron Paul and the Tea Party. Oh sure, you could still find the Austrians and the militiamen, but they were now far more fringe. This libertarianism, due to its relatively socially-progressive nature and utter disarmament, represented a fundamental convergence with neoliberalism. Now, provided that the Democratic neoliberalism would be willing to privatize, deregulate, and otherwise bend over for porky, the libertarians would be perfectly cordial (besides the rapidly dying contingent of old, hardcore republicans). Coincidentally, it's worth noting that this also represented a divergence between the radical neo-fascist right and the libertarian right, having gone from a relatively unified 90s militia-right to two camps of "armed gay couples with weed farms" libertarianism and Stormfront /pol/ neo-fascism. Of course, these two camps would quickly unify the second the right took back power under Trump.
Now, under Biden, it's interesting to see how libertarianism is starting to emerge. From what I can tell, libertarianism has never been more conciliatory to modern capitalism. Sure, libertarianism has always been pro-capitalism, but it was always more in favor of capitalism in theory (ie Austrian pipe dreams where everybody freely exchanges everything in pure competitive propertarianism) rather than capitalism in practice (ie Keynesian intervention, massive monopolies, "corporatism", etc.). Hell, even Bookchin said that Rothbard and his anarcho-capitalism far more resembled primitive accumulation than what we'd know as capitalism. By contrast, modern libertarianism seems to be much more willing to fellate the actually-existing corporate boot. I think this is best shown by the recent libertarian phenomenon of "grind culture", where they are obsessed with crypto, technology, the stock market, and defending billionaires like Musk and Bezos. It seems that libertarianism, if not still containing vestiges of anti-governmental ideology, have managed to find themselves a comfortable, non-confrontational niche within the neoliberal gig economy. They seem to finally be getting used to a capitalism that is not quite as laissez-faire and propertarian as they'd like. In contrast, if we look at libertarianism's previous allies in neo-fascism, the fascists have been almost entirely divorced from any semblance of a broad-right coalition (let alone reality), now embroiled in constant infighting, honeypot insane orgs like Atomwaffen, and just a general radicalism so absurd that it will never have a place in modern neoliberalism.
I hope this little sketch shows that libertarianism, while having always defended capitalism, is now coming more to terms with actually-existing capitalism. The Clinton-Era Neo-Nazi-aligned militiamen and the Obama-era Ron Paul neckbeards have now given way to grindset grifters, crypto nerds and Musk stans. This whole process has been, if I were to give my best historical guess, the gradual maturation of libertarianism from its radical Friedmanite genesis under Reagan to a now matured libertarianism that can handle occasional keynesianism and woke politics. It essentially has stripped libertarianism of anything potentially dangerous to neoliberal capitalism, and has now completed its transformation of libertarianism into outright, no-holds-barred bootlicking. As a former libertarian who remembers a time when Hoppe and armed "Happenings" were all the rage, it's honestly kind of tragic to see libertarianism accept its place as a total grift.
tldr; Libertarianism today has gone from bootlicking of an ideal, reactionary capitalism to bootlicking of our modern neoliberal capitalism