August 28, 2022

Anarcho-capitalism

Anarcho-capitalism

What is Anarcho-capitalism?

Anarcho-capitalism (or, colloquially, ancap) is an anti-statist libertarian political philosophy and economic theory that seeks to abolish centralized states in favor of stateless societies with private property systems enforced by private agencies, the non-aggression principle, free markets, and a right-libertarian interpretation of self-ownership that includes control of private property as part of the self. Anarcho-capitalists believe that in the absence of statute, society tends to contractually self-regulate and civilize through participation in the free market, which they refer to as a voluntary society.

Understanding Anarcho-capitalism

Anarcho-capitalism combines two of the most divisive positions to take: anarchism and laissez-faire capitalism. Anarcho-capitalism is a political system predicated on the complete privatization of society within a market. Anarcho-capitalism is simply 100% pure capitalism. Anarcho-capitalists advocate the abolition of the state and the privatization of all aspects of society.

The simple premise that not everything can be privatized and must be held by the state is a common critique of anarcho-capitalism. This concept is fundamentally wrong. How are public goods and state-owned property funded? These public and government-owned items are paid for by the taxpayer. This means that all so-called public products are actually privately held by the taxpayer.As a result, everything can be operated through a private mode of production and through voluntary trade and funding, and everything that is currently controlled by the state can be privatized if the people’s will requires it. To put it simply, everything that is currently a state-owned public good may most certainly be held by the private sector.

Read related articles:

« Back to Glossary Index

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

More articles
Damir Yalalov
Damir Yalalov

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

Hot Stories

Top Investment Projects of the Week 25-29.03

by Viktoriia Palchik
March 29, 2024
Join Our Newsletter.
Latest News

Custom HTML

by Valentin Zamarin
August 08, 2024

Top Investment Projects of the Week 25-29.03

by Viktoriia Palchik
March 29, 2024

Supply and Demand Zones

Cryptocurrency, like any other currency, is a financial instrument based on the fundamental economic principles of supply ...

Know More

Top 10 Crypto Wallets in 2024

With the current fast-growing crypto market, the significance of reliable and secure wallet solutions cannot be emphasized ...

Know More
Read More
Read more
Custom HTML
News Report
Custom HTML
August 8, 2024
ICP and ONDO Post Biggest Market Gains; Rebel Satoshi’s New Token ($RECQ) Joins a Watchlist of Prospects
Stories and Reviews
ICP and ONDO Post Biggest Market Gains; Rebel Satoshi’s New Token ($RECQ) Joins a Watchlist of Prospects
March 31, 2024
Solana’s Market Frenzy Fuels Transaction Boom, Chainlink Contender Catches Whale Eyes
Stories and Reviews
Solana’s Market Frenzy Fuels Transaction Boom, Chainlink Contender Catches Whale Eyes
March 31, 2024
Arbitrum Partners With Azuki and Weeb3 To Release AnimeChain; Solana’s DEX Pumps, Earn Real Money With NuggetRush 
Stories and Reviews
Arbitrum Partners With Azuki and Weeb3 To Release AnimeChain; Solana’s DEX Pumps, Earn Real Money With NuggetRush 
March 31, 2024