Anarcho-capitalism

What is Anarcho-capitalism?
Anarcho-Capitalism, sometimes called ancap, champions a philosophy that opposes government authority by pushing for the dissolution of centralized states. This perspective promotes stateless societies where property rights are upheld by private entities. Central tenets include the non-aggression principle, free-market economics, and an interpretation of self-ownership that intertwines with property rights. Proponents believe that in the absence of government laws, societies can organically manage themselves through voluntary exchanges in a marketplace, which they describe as a voluntary society.
Understanding Anarcho-capitalism
Anarcho-Capitalism merges two highly contested ideologies: anarchism and a hands-off approach to capitalism. It proposes a political framework where every aspect of society is privatized within a market setup, essentially advocating for an entirely private capitalist economy. Anarcho-capitalists argue for dismantling the state entirely and transferring control of societal functions to private entities.
One frequent criticism of anarcho-capitalism is the notion that some resources should remain under state control and cannot be privatized. This argument is fundamentally flawed. Public services and state properties need funding, which comes from taxpayers. Thus, what are labeled as public resources are, in fact, owned by taxpayers. Therefore, every service can theoretically transition to a private enterprise model through voluntary agreements and transactions, demonstrating that state-managed resources could very well be operated within the private sector if the populace demands it. Simply put, everything the government currently oversees as public can undoubtedly shift into private ownership.
Read related articles:
« Back to Glossary IndexDisclaimer
In line with the Trust Project guidelines Please keep in mind that the content on this page is not meant to serve as legal, investment, financial advice, or guidance of any kind. It's essential to only invest what you can afford to lose, and seek independent advice if needed. For more details, we recommend reviewing the terms of service along with the support resources made available by the issuer or advertiser. MetaversePost strives to present accurate, impartial news, yet market dynamics can change rapidly and without prior notice.