In practice, however, capitalism achieves
the opposite of what libertarian law promotes. In any nation that implements capitalism, citizens are given the right to amass exchangeable commodities such as money or even property (Klein, 2007). This then inspires wealthy proprietors to diversify into the several industries, search for cheaper raw materials, and even cut wages in an effort to realize more profits. This naturally infringes on the rights of workers. In legal terms, capitalism prioritizes objective laws over citizen’s rights. Crony capitalism is today common in many nations due to the dedication that corporations show to their shareholders even when their activities negatively affect surrounding community or even company workers (Kang, 2002).
It is inaccurate to assert that capitalism, like libertarianism, is based on the promotion of individual rights because modern capitalism has proved that it is shareholders such as corporate executives, and not ordinary citizens, who benefit most from free market trade.