A very interesting column in the FT by Samuel Brittan, which sums up the direction that ALTER believes the party should take.
"Left libertarians accept these basic rights, but go on to assert that individuals have another right to an equal share in natural resources, defined very broadly to include land, mineral rights and even the atmosphere. They differ from socialists in not caring much about income equality so long as equal rights to natural resources can be established. I am not fond of the word equality, but ownership of natural resources is now so heavily concentrated that we need not argue about how far corrections should go."
He concludes with "if the Lib Dems want to move beyond pavement politics and opportunist gestures, left libertarianism seems to me the right way to go. It is better than acting like a Labour colony in a Conservative administration."