[skidd0]

Can you go into more detail here? My understanding is that a free market requires capitalism (privately owned wealth) to function. And capitalism needs free-ish markets to actually use the wealth.

I'm also unsure how libertarianism is anti-capitalist.

Are you conflating Corporatism and Capitalism?

[orwin]

Capitalism is about who own and decide what will be produced: the capital owners (it can be the State, like in China). In a free market, the market itself decide what will be produced, as all agents have full, unaltered information.

US libertarians came from individualist anarchists, who basically thought that under capitalism, volontary exchange could not exist, as wage workers could be forced to work by power imbalance created by capitalism.

Even some neo classical liberals (liberalism is the ideology promoting free market) have played with the idea of natural monopolies created by land use. Hence you will see a lot of georgists amongst liberals who really thought about a perfect free market capitalism.

Finally, a good critique of free-market socialism (where every company is employee-owned, with real liability) is that interest groups will still form and lobby the government for advantages, distorting the free market, like the asset owners do currently (hence it cannot work in a representative democracy).

[dghlsakjg]

A unregulated free market requires capitalism, but capitalism can exist without free markets.

We do it all the time. Many facets of markets are not free. The pharmaceutical market is highly regulated, but boy is it capitalism.

[skidd0]

I see what you mean. I'd argue that capitalism "wants" freer markets, though, as it benefits from more freedom to spend and earn wealth (liquidity).