Put plainly, "common" ownership of a given resource (say, the coal buried in a mountain) is fine if the members of a community come together as a company and homestead that resource for themselves (i.e., use it or change it in some way that gives it value). In a libertarian society, such a right to communal property would be respected. What the members of a community cannot do, however, is simply declare that they own a resource without homesteading it. If they were to do so, other individual people or companies would be fully justified in taking the resource for themselves, and thus gaining a title of first ownership.
To take the example of coal, an originally unowned natural resource: the people of Town A agree to form a company and mine the coal from a previously unused mountain, sharing the extracted fuel equally amongst themselves in a form of voluntary socialism. If villagers from Town B wish to use the coal that has already been mined or extract coal from a mine shaft built by the people of Town A, they will need the permission of the Town A company (for the sake of illustrating libertarian socialism, let's say that means the unanimous consent of all people in the town, as determined in advance of the whole operation). If they try to take the coal anyway, they have initiated force against the people of the Town A company and would be held liable should Town A take the case to a court (we can get into the subject of how law enforcement might function in a stateless society another time, but right now the topic is how voluntary socialism is compatible with libertarian ethics).
Hope that helps to clarify the matter for people who see libertarianism and socialism as opposites. They're not, and there's no reason they should be.
Socialism vs Libertarianism The great debate.
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Libertarianism - (longer as less people know about it)
Libertarians believe that each person owns his own life and property, and has the right to make his own choices as to how he lives his life – as long as he simply respects the same right of others to do the same.
Another way of saying this is that libertarians believe you should be free to do as you choose with your own life and property, as long as you don't harm the person and property of others.
Libertarianism is thus the combination of liberty (the freedom to live your life in any peaceful way you choose), responsibility (the prohibition against the use of force against others, except in defense), and tolerance (honoring and respecting the peaceful choices of others).
Socialism - ( I'm sure most know what it is about, so its shorter)
A political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
My questions to you socliasts and libertarians are the following;
1)Which is the better system and why?
(This includes the following, economic, social and environmental factors)
2)Why do you support this system?
3)And why is the other wrong/ worse than yours?
Edit, why have you negged me for starting a great and informative debate? I am not taking sides here, I am merely seeing which one is better. This is evident through all my posts.
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