I feel there now has to be a distinction made between “Capital Libertarians” and “Individual Libertarians”.

You might be interested in Isaiah Berlin’s “Two Concepts of Liberty”.

Basically, there is no absolute thing called “liberty”, because anything you do changes the material world and the state of the material world also shapes what you’re able to do. So you can’t talk about simply “liberty”, and must always describe it in terms of those two relationships. What Berlin calls “freedom to” and “freedom from”.

For instance, I might consider my liberty to mean that I have the “freedom to” shoot a gun in the air. My neighbors might consider their liberty to mean that they have the “freedom from” falling bullets.

We can’t create a policy which guarantees both “freedom to” and “freedom from” for all people. But we can create a policy that guarantees both for some people. We just have to allow that some people get to enjoy both the rights and the protections, while other people lack the rights and must suffer the consequences of others’ actions.

And that might be why the contemporary conservative version of so-called “libertarianism” plays so well with a notion of a superior social class, whether that’s economic, religious, or racial. You can invoke the word “liberty” in support of your attempts to bully others, and then you can invoke it again as a protection against others’ attempts to bully you.