Anarcho-Capitalism

"Anarcho"-capitalism is a view that departs from usual anarchist theory in that it regards only the state, which it defines as a monopoly on force, as unnecessary and harmful to human society. It emerged in the 1950s out of the tradition of classical liberalism (see libertarianism), and generally sets itself in contrast to anarchism while attempting to reform the word to mean something new. In its embrace of capitalist economics, "anarcho"-capitalism contradicts anarchism, which has historically been anti-capitalist. Anarchists generally argue that "anarcho"-capitalism isn't a form of anarchism at all, because it denies a central basis of anarchism in the abolition of hierarchy. Anarchists generally believe that capitalism cannot exist without enforcement of an economic class system, thus it is impossible to remove coercive hierarchical relationships from a capitalist system.

Credits

• Original text is compilation of two texts: (1) Definition from Wikipedia and (2) An Anarchist FAQ.