The libertarian viewpoint is very simple and not the dog eat dog world people here are making it out to be. Libertarians such as myself believe that people should be left alone to make their own decisions and live with the consequences, except that you need laws to stop one person from hurting another. Does that mean everybody for themselves? No. Before the creation of the welfare state we had mutual aid groups where communities would help each other. The groups could be based on religion, ethnicity, occupations, etc... People naturally took care of each other.
Would a simple world like this work today? No. But you can still use the guiding principles to form a freer world. That's where Ron Paul went wrong, he lived in an idealistic world. We have legacy costs and promises that must be kept.