On the other hand, one might argue that egalitarianism is more respectful of individuals by systematically making sure that every individual has their basic needs provided for independent of a vast amount of possibly impairing conditions that might be totally out of their control.

You have to realize that while libertarianism might offer more choice to an already economically privileged person, it comes at an expense. When capital controls the most basic needs, your ability to choose what to eat today might come at the cost of someone else's choice of whether or not to eat at all.