> In reality what we have in the US is a political class which constantly molds regulation to further benefit the shareholders of big businesses.
The political class you are talking about serves specific masters. They also mold ideological discourse which is where modern libertarianism comes from in the first place. Go check who's funding all of these libertarian speakers and institutes.
So libertarian are in power?
Libertarians are non-interventionists, so clearly not effecting foreign policy. Against gov spending and gov debt, clearly not winning there. We are making progress on civil rights, gay marriage, ending the drug war.
The size and scope of government continues to increase every year, so I don't see how anyone could call that libertarian.
The role of modern libertarians is not to hold power. It is to foment confusion and conflict around any initiatives that would limit the power of private capital (e.g., anything that would address the climate crisis in a meaningful way).
The political class you are talking about serves specific masters. They also mold ideological discourse which is where modern libertarianism comes from in the first place. Go check who's funding all of these libertarian speakers and institutes.