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I imagine it's kind of like Libertarianism in that every time it's attempted in the real world, it fails horribly.
Except in Libertarianism, it fails embarrassingly. In Communism, it fails tragically.
Both have the potential to fail tragically. Some forms of fascism are libertarianism being attempted and failing.
I think the problem with Libertarianism is that they can't get a big enough group for it to fail tragically.
... because a big group is kind of antithetical to libertarianism.
Also, fascism is completely different from libertarianism.
Some people claim to be libertarian, but actually want "fascism for you, libertarianism for me", which is really just fascism. No need to conflate the two unnecessarily.
Some things are distinctions without a difference, "ancaps", "libertarians", and "conservatives" are some of those things.
The distinctions between them are considered oh so important simply because you're talking about mostly privileged individuals that want the appearance of being "free thinkers". They want to pretend to have their own brand of politics above everyone else, but they still mostly vote for fucking Trump.
There really isn't a lot of ideological range to the right of neoliberalism...and it mostly ranges from fascist-lite to full-blown fascism.
I dunno, wikipedia has different pages for Libertarianism and Conservatism