A term coined by Austrian-school economist
Rothbard to describe a market-based society with no government. Instead of government, all goods and services would be provided by private businesses. Politics and taxes would not exist in an anarcho-capitalist society, nor would services like public education, police protection and law enforcement that are normally provided by government agencies. Murray
Instead, the private sector would provide all necessary services. For example, people would contract with protection agencies, perhaps in a manner similar to how they contract with insurance agencies, to protect their life, liberty and property. Victimless crimes, such as drug use, and crimes against the state, such as treason, would not exist under anarcho-capitalism. Assistance to the needy would be provided through voluntary charity instead of compulsory income redistribution (welfare).
Anarcho-capitalists believe in free markets and competition rather than force and that a society based on voluntary trade is more effective because individuals are willing participants and businesses have an incentive of profit to satisfy customers and clients, where as government agencies have captive "customers" and "clients" by force of law. The idea is that an anarcho-capitalist society would maximize individual freedom and economic prosperity. Most modern capitalist societies are mixed economies, with free-market capitalism distorted by government intervention and individual rights restricted by government.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Anarcho-capitalism — Part of the Politics series on Anarchism … Wikipedia
Anarcho-capitalism — an economic system in which all or most of the means of production are privately owned and operated (usually through employing wage labour, and for profit), and in which the investment of capital and the production, distribution and prices of… … Mini philosophy glossary
anarcho-capitalism — noun A philosophy that advocates the self ownership of the individuals and the elimination of the state and the provision of all governmental services by self regulating free market competitors … Wiktionary
anarcho-capitalism — … Useful english dictionary
Anarcho-capitalism and minarchism — Part of a series on Libertarianism … Wikipedia
Anarchism and anarcho-capitalism — This article discusses similarities and differences between anarcho capitalism and other types of anarchism. Integrating Austrian economics into individualist anarchism Murray Rothbard was a student and disciple of the Austrian economist Ludwig… … Wikipedia
Criticisms of anarcho-capitalism — Part of the Politics series on Anarchism … Wikipedia
Anarcho-capitalist literature — Anarcho capitalism has been the subject of a number of works of literature, both nonfiction and fiction.NonfictionThe following is a partial list of notable nonfiction works discussing anarcho capitalism. Works by Bastiat, de Molinari, and others … Wikipedia
Anarcho-naturism — Part of the Politics series on Anarchism … Wikipedia
Anarcho-capitalisme — Drapeau de l´anarcho capitalisme. Il n est cependant utilisé par aucune organisation se revendiquant de l anarcho capitalisme. L’anarcho capitalisme est un courant de pensée politique inspiré par le libéralisme philosophique, selon laquelle… … Wikipédia en Français