Meaning of anarcho-capitalism | Babel Free

Definitions

1. A political and economic philosophy that advocates the elimination of the state and other coercive institutions in favour of individual self-ownership, voluntary society, and free market.
   uncountable
2. A political and socioeconomic system that ostensibly recognizes only individual self-ownership, voluntary society, and free market but not the state and other coercive institutions.
   uncountable

Equivalents

Examples

“Laissez-faire capitalism, or anarchocapitalism^([sic]), is simply the economic form⟳ of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange⟳ goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic.”

“Anarcho-capitalism is a creed new to the present⟳ age. Its closest historical links are with the “individualist anarchism” of Benjamin R. Tucker and Lysander Spooner of the late nineteenth century, and it shares with Tucker and Spooner a devotion to private property, individualism, and competition. Furthermore, and in contrast to Read⟳ and Rand, it shares with Spooner and Tucker their hostility to government officials as a criminal band of robbers and murderers.[…]”

“The second was shock⟳ therapy. Implemented briefly in the aftermath of the Soviet collapse, shock⟳ therapy aimed to construct a free market in post-communist Russia. It produced instead a species of mafia-dominated anarcho-capitalism.”

CEFR level