They created a new language for their colony and operated a socialist economy.

Like some historically documented pirates, they practiced direct democracy, where the people as a whole held the authority to make laws and rules, and also used systems of councils composed of delegates who were supposed to think of themselves as 'comrades' of the general population, not rulers. The pirates were against the authoritarian institutions of their day, including monarchies, slavery, institutional religion, and the abuses associated with wealth. By waging war on behalf of 'the Oppressed' against the 'Oppressors,' they would see that 'Justice was equally distributed.' These pirates who settled in Libertalia would be 'vigilant Guardians of the People's Rights and Liberties' they would stand as 'Barriers against the Rich and Powerful' of their day. : 417 Historian and activist Marcus Rediker describes the pirates as follows: He wanted to give the people of Libertalia their own demonym, not one of a past country of origin. Misson's idea was to have his society be one in which people of all colors, creeds, and beliefs were to be free of any scrutiny. Libertalia got its name from the Latin word liberi which means 'free'. Libertalia was a legendary free colony founded by pirates led by Captain Misson, although most historians have expressed doubts over its existence outside of literature.

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