After the death of Turgut Özal, Besim Tibuk decided to found a new party to emphasize the liberal movement in Turkey.

Some of LDP's current political views include reducing government spending and taxes, lowering tax rates, reducing government bureaucracy, abolishing the compulsory General Health Insurance and switching to a voluntary private health insurance system, ending compulsory military service and switching to professional military service.

[12][13] However, the youth group called "Genç Yunuslar" (Young Dolphins) continues to exist even though it is not considered an official organization by LDP.

[15] LDP also supported the "No!” vote in the 2017 Turkish constitutional referendum, arguing that proposed amendments have nothing related with presidential system.

[20] LDP won its first mayoralty in local elections in 2014 in the town of Konakkuran in the Malazgirt district of Muş.

[23] For the 2023 elections, the LDP made the following statement: "Although our economic views do not match, within the framework of the current conditions and discourses, we declare to the public that our support is in favor of the Nation Alliance for respect for the law, modern secular democracy and a transparent parliament.