Libertarian perspectives on the death penalty
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Some libertarians believe that death penalty is an extreme exertion of state power and is of little use in a free society, and it is of great use to a tyrannical government. Others believe that such punishment may be justified as a deterrent to particularly atrocious crimes and as a means of keeping dangerous individuals permanently incapacitated. Furthermore, if people commit crimes, they may sacrifice their rights; if the legal system is legitimate, perhaps the death penalty could be justified.
Many libertarians, including most anarcho-capitalists, believe that penal justice in general should not exist, that only restorative justice is valid. To them, all penalties, including capital punishment, should be abolished.
On the other hand, libertarians believe in the right and occasional necessity to resort to violence for police purposes; to them, if an outright criminal cannot be otherwise made to stop engaging in criminal behaviour, then they might justifiably be killed.
The death penalty is sometimes seen as a corollary of an individual right to self-defense against a dangerous criminal. However, others argue that to kill a prisoner with premeditation can never be equivalent to fighting back in the heat of an attack.
There is also the fundamental problem of the possibility of error, or even outright framing of the accused. Libertarians, by their very nature, do not trust the government to make decisions (including life-and-death decisions) competently or for the best motives.
In any case, to anarcho-capitalists, making judges, policemen, and other law enforcement personnel just as responsible for their acts as any citizen, with no privilege or special right or exemption, will prevent abuse of force in general, and of deadly force in particular.