No, that's not true at all. The Libertarians do recognize the government as necessary — we just want its role to be as limited, as it was during the times of Jefferson and Franklin. It is to only play the roles given to it by the Constitution
Then strictly speaking, you aren't a libertarian, but a peculiar brand of constitutionalist that ignores the following 200 years of changes to the Constitution and evolution of the government. Turn back the hands of time, and you still end up with more government centuries later. You are living in the end result of that document.
When so called libertarians pay lip service to necessary government, it is always a given that the government services they think are needed are Good and Right, and everyone else who wants superfluous services, but when you get down to brass tacks, the situation isn't nearly as clear. Is public health a necessary government function? What about in a time of biological warfare? And when you speak of not having welfare in the time of Jefferson, are you forgetting An Act for the relief of sick and disabled seamen? What a terribly ignorant and romanticized view of history.
First of all, take the "will of the people" part off — that's just a better-sounding spin on the "mob rule".
Why? Do you believe the Constitution was transcribed from the mind of god? Any, organization of more than a few ends up with some form of government, or as you so euphemistically put it, mob rule.
The rest of us know it as the give and take of working within a group, and essentially "the will of the people" as opposed to "the will of the king". If your associations end in lynchings, I feel badly for you.
Second, the bigger the beast, the less tractable it is — and that's the point of the Libertarian teaching in general
As proven by monarchies being smaller than republics, therefore must be easier to control, no? Or are platitudes by someone who has never had to deal with a corrupt small town government pass as fact now?
We can further reduce the size of the Federal government by getting rid of the checks and balances. Or maybe there is a flaw in your logic.
Yes, "corporations" are the scary bogey-man of all Statists these days.
And with good reason. When a Mouse can buy legislation outright, nullifying that precious Constitution, you understand where real power lies.
It's not as if corporations or business are outside the realm of government, but inherent to it, and also compete with each other to insure the government reflects their own goals.
thus automatically less powerful than the government.
Except governments are at least localized, while corporations are trans-global. They can influence the polices of multitudes of governments.
You might rethink your notion of monopoly.