Anarcho-capitalist

Anarcho-capitalism (colloquially: ancap or an-cap) is a political philosophy and economic theory that advocates for the abolition of centralized states in favor of stateless societies, where systems of private property are enforced by private agencies. Anarcho-capitalists argue that society can self-regulate and civilize through the voluntary exchange of goods and services. This would ideally result in a voluntary society based on concepts such as the non-aggression principle, free markets and self-ownership. In the absence of statute, private defence agencies and/or insurance companies would operate competitively in a market and fulfill the roles of courts and the police, similar to a state apparatus. Some anarcho-capitalist philosophies understand control of private property as part of the self, and some permit voluntary slavery. The vast majority of anarcho‑capitalists deny this, and critics of capitalism argue that this minority opinion is not unique to anarcho-capitalists, but is an essential consequence of the capitalist contract theory (wage slavery).

According to its proponents, various historical theorists have espoused philosophies similar to anarcho-capitalism. Hoppe, Hans-Hermann (31 December 2001)
"Anarcho-Capitalism: An Annotated Bibliography"
. Lew Rockwell.com. Retrieved 5 July 2020. While the earliest extant attestation of "anarchocapitalism" is in Karl Hess's essay "The Death of Politics" published by ''Playboy'' in March 1969, American economist Murray Rothbard was credited with coining the terms ''anarcho-capitalist''Roberta Modugno Crocetta, "Murray Rothbard's anarcho-capitalism in the contemporary debate. A critical defense", Ludwig Von Mises Institute
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quote: "Murray Rothbard suggests the anarcho-capitalist mode, .. and ''anarcho-capitalism'' in 1971.Flood, Anthony (2010)
Untitled preface to Rothbard's "Know Your Rights"
, originally published in ''WIN: Peace and Freedom through Nonviolent Action'', Volume 7, No. 4, 1 March 1971, 6–10. Flood's quote: "Rothbard's neologism, 'anarchocapitalism,' probably makes its first appearance in print here." A leading figure in the 20th-century American libertarian movement, Rothbard synthesized elements from the Austrian School, classical liberalism and 19th-century American individualist anarchists and mutualists Lysander Spooner and Benjamin Tucker, while rejecting the labor theory of value. Rothbard's anarcho-capitalist society would operate under a mutually agreed-upon "legal code which would be generally accepted, and which the courts would pledge themselves to follow". This legal code would recognize contracts between individuals, private property, self-ownership and tort law in keeping with the non-aggression principle. Unlike a state, enforcement measures would only apply to those who initiated force or fraud. Rothbard views the power of the state as unjustified, arguing that it violates individual rights and reduces prosperity, and creates social and economic problems.

Anarcho-capitalists and right-libertarians cite several historical precedents of what they believe to be examples of quasi-anarcho-capitalism, including the Republic of Cospaia, Acadia, Anglo-Saxon England, Medieval Iceland, the American Old West, Gaelic Ireland, and merchant law, admiralty law, and early common law.

Anarcho-capitalism is distinguished from minarchism, which advocates a minimal governing body (typically a night-watchman state limited to protecting individuals from aggression and enforcing private property) and from objectivism (which is a broader philosophy advocating a limited role, yet unlimited size, of said government). Anarcho-capitalists consider themselves to be anarchists despite supporting private property and private institutions.

Classification

Anarcho-capitalism developed from Austrian School-neoliberalism and individualist anarchism.. Retrieved 20 June 2020. Almost all anarchist movements do not consider anarcho-capitalism to be anarchist because it lacks the historically central anti-capitalist emphasis of anarchism. They also argue that anarchism is incompatible with capitalist structures. According to several scholars, Anarcho-capitalism lies outside the tradition of the vast majority of anarchist schools of thought and is more closely affiliated with capitalism, right-libertarianism and neoliberalism. Traditionally, anarchists oppose and reject capitalism, and consider "anarcho-capitalism" to be a contradiction in terms, although anarcho-capitalists and some right-libertarians consider anarcho-capitalism to be a form of anarchism.

According to the ''Encyclopædia Britannica'':Anarcho-capitalism is occasionally seen as part of the New Right.

Philosophy

Author J Michael Oliver says that during the 1960s, a philosophical movement arose in the US that championed "reason, ethical egoism, and free-market capitalism". According to Oliver, anarcho-capitalism is a political theory which follows Objectivism, a philosophical system developed by Ayn Rand, but he acknowledges that his advocacy of anarcho-capitalism is "quite at odds with Rand's ardent defense of 'limited government. Professor Lisa Duggan also says that Rand's anti-statist, pro–free market stances went on to shape the politics of anarcho-capitalism.

According to Patrik Schumacher, the political ideology and programme of anarcho-capitalism envisages the radicalization of the neoliberal "rollback of the state", and calls for the extension of "entrepreneurial freedom" and "competitive market rationality" to the point where the scope for private enterprise is all-encompassing and "leaves no space for state action whatsoever".

On the state

Anarcho-capitalists oppose the state and seek to privatize any useful service the government presently provides, such as education, infrastructure, or the enforcement of law. They see capitalism and the free market as the basis for a free and prosperous society. Murray Rothbard stated that the difference between free-market capitalism and state capitalism is the difference between "peaceful, voluntary exchange" and a "collusive partnership" between business and government that "uses coercion to subvert the free market". Rothbard argued that all government services, including defense, are inefficient because they lack a market-based pricing mechanism regulated by "the voluntary decisions of consumers purchasing services that fulfill their highest-priority needs" and by investors seeking the most profitable enterprises to invest in. published in

Maverick Edwards of the Liberty University describes anarcho-capitalism as a political, social, and economic theory that places markets as the central "governing body" and where government no longer "grants" rights to its citizenry.

Non-aggression principle

Writer Stanisław Wójtowicz says that although anarcho-capitalists are against centralized states, they believe that all people would naturally share and agree to a specific moral theory based on the non-aggression principle. While the Friedmanian formulation of anarcho-capitalism is robust to the presence of violence and in fact, assumes some degree of violence will occur, anarcho-capitalism as formulated by Rothbard and others holds strongly to the central libertarian nonaggression axiom, sometimes non-aggression principle. Rothbard wrote:

Rothbard's defense of the self-ownership principle stems from what he believed to be his falsification of all other alternatives, namely that either a group of people can own another group of people, or that no single person has full ownership over one's self. Rothbard dismisses these two cases on the basis that they cannot result in a universal ethic, i.e. a just natural law that can govern all people, independent of place and time. The only alternative that remains to Rothbard is self-ownership which he believes is both axiomatic and universal.Rothbard, Murray (1982)
''The Ethics of Liberty''
. Atlantic Highlands: Humanities Press. p. 162. .

In general, the non-aggression axiom is described by Rothbard as a prohibition against the initiation of force, or the threat of force, against persons (in which he includes direct violence, assault and murder) or property (in which he includes fraud, burglary, theft and taxation). The initiation of force is usually referred to as aggression or coercion. The difference between anarcho-capitalists and other libertarians is largely one of the degree to which they take this axiom. Minarchist libertarians such as libertarian political parties would retain the state in some smaller and less invasive form, retaining at the very least public police, courts, and military. However, others might give further allowance for other government programs. In contrast, Rothbard rejects any level of "state intervention", defining the state as a coercive monopoly and as the only entity in human society, excluding acknowledged criminals, that derives its income entirely from coercion, in the form of taxation, which Rothbard describes as "compulsory seizure of the property of the State's inhabitants, or subjects."

Some anarcho-capitalists such as Rothbard accept the non-aggression axiom on an intrinsic moral or natural law basis. It is in terms of the non-aggression principle that Rothbard defined his interpretation of anarchism, "a system which provides no legal sanction for such aggression against person and property'; and wrote that "what anarchism proposes to do, then, is to abolish the State, i.e. to abolish the regularized institution of aggressive coercion". In an interview published in the American libertarian journal ''The New Banner'', Rothbard stated that "capitalism is the fullest expression of anarchism, and anarchism is the fullest expression of capitalism".Rothbard, Murray (25 February 1972)
"Exclusive Interview With Murray Rothbard"
. ''The New Banner: A Fortnightly Libertarian Journal''. Retrieved 10 September 2020.

Property

Private property

Anarcho-capitalists postulate the privatization of everything, including cities with all their infrastructures, public spaces, streets and urban management systems.

Central to Rothbardian anarcho-capitalism are the concepts of self-ownership and original appropriation that combines personal and private property. Hans-Hermann Hoppe wrote:

Rothbard however rejected the Lockean proviso, and followed the rule of "first come, first served", without any consideration of how much resources are left for other individuals.

Anarcho-capitalists advocate private ownership of the means of production and the allocation of the product of labor created by workers within the context of wage labour and the free market – that is through decisions made by property and capital owners, regardless of what an individual needs or does not need. Original appropriation allows an individual to claim any never-before-used resources, including land and by improving or otherwise using it, own it with the same "absolute right" as their own body, and retaining those rights forever, regardless of whether the resource is still being used by them. According to Rothbard, property can only come about through labor, therefore original appropriation of land is not legitimate by merely claiming it or building a fence around itit is only by using land and by mixing one's labor with it that original appropriation is legitimized: "Any attempt to claim a new resource that someone does not use would have to be considered invasive of the property right of whoever the first user will turn out to be". Rothbard argued that the resource need not continue to be used in order for it to be the person's property as "for once his labor is mixed with the natural resource, it remains his owned land. His labor has been irretrievably mixed with the land, and the land is therefore his or his assigns' in perpetuity". published in

Rothbard also spoke about a theory of justice in property rights:

In ''Justice and Property Rights'', Rothbard wrote that "any identifiable owner (the original victim of theft or his heir) must be accorded his property". In the case of slavery, Rothbard claimed that in many cases "the old plantations and the heirs and descendants of the former slaves can be identified, and the reparations can become highly specific indeed". Rothbard believed slaves rightfully own any land they were forced to work on under the homestead principle. If property is held by the state, Rothbard advocated its confiscation and "return to the private sector", writing that "any property in the hands of the State is in the hands of thieves, and should be liberated as quickly as possible".Gordon, David, ed.; Rothbard, Murray; Fuller, Edward W. (2019). ''Rothbard A to Z''. Auburn: Mises Institute. . Rothbard proposed that state universities be seized by the students and faculty under the homestead principle. Rothbard also supported the expropriation of nominally "private property" if it is the result of state-initiated force such as businesses that receive grants and subsidies. Rothbard further proposed that businesses who receive at least 50% of their funding from the state be confiscated by the workers, writing: "What we libertarians object to, then, is not government ''per se'' but crime, what we object to is unjust or criminal property titles; what we are for is not 'private' property ''per se'' but just, innocent, non-criminal private property".

Similarly, Karl Hess wrote that "libertarianism wants to advance principles of property but that it in no way wishes to defend, willy nilly, all property which now is called private ... Much of that property is stolen. Much is of dubious title. All of it is deeply intertwined with an immoral, coercive state system". published in

Anarchists view capitalism as an inherently authoritarian and hierarchical system and seek the abolishment of private property. Proudhon, Pierre-Joseph (1840). '' What is Property?'' There is disagreement between anarchists and anarcho-capitalists as the former generally rejects anarcho-capitalism as a form of anarchism and considers ''anarcho-capitalism'' a contradiction in terms, while the latter holds that the abolishment of private property would require expropriation which is "counterproductive to order" and would require a state.Stacy, Don (2011)
"Review of Kosanke's Instead of Politics – Don Stacy"
. ''Libertarian Papers''. 3 (3).

Common property

As opposed to anarchists, most anarcho-capitalists reject the commons. However, some of them propose that non-state public or community property can also exist in an anarcho-capitalist society. For anarcho-capitalists, what is important is that it is "acquired" and transferred without help or hindrance from what they call the "compulsory state". Deontological anarcho-capitalists believe that the only just and most economically beneficial way to acquire property is through voluntary trade, gift, or labor-based original appropriation, rather than through aggression or fraud.

Anarcho-capitalists state that there could be cases where common property may develop in a Lockean natural rights framework. Anarcho-capitalists make the example of a number of private businesses which may arise in an area, each owning the land and buildings that they use, but they argue that the paths between them become clear through customer and commercial movement. These paths may become valuable to the community, but according to them ownership cannot be attributed to any single person and original appropriation does not apply because many contributed the labor necessary to create them. In order to prevent it from falling to the "tragedy of the commons", anarcho-capitalists suggest transitioning from common to private property, wherein an individual would make a homesteading claim based on disuse, acquire title by the assent of the community consensus, form a corporation with other involved parties, or other means.

American economist Randall G. Holcombe sees challenges stemming from the idea of common property under anarcho-capitalism, such as whether an individual might claim fishing rights in the area of a major shipping lane and thereby forbid passage through it. In contrast, Hoppe's work on anarcho-capitalist theory is based on the assumption that all property is privately held, "including all streets, rivers, airports, and harbors" which forms the foundation of his views on immigration.

Intellectual property

Most anarcho-capitalists strongly oppose intellectual property (i.e., trademarks, patents, copyrights). Intellectual property is typically opposed because ideas are seen as lacking scarcity; A implementing an idea does not prevent B from implementing the same idea. Further the arbitrarity of intellectual property is commonly criticized. Stephan N. Kinsella argues that ownership only relates to tangible assets.

Contractual society

The society envisioned by anarcho-capitalists has been labelled by them as a "contractual society" which Rothbard described as "a society based purely on voluntary action, entirely unhampered by violence or threats of violence" The system relies on contracts between individuals as the legal framework which would be enforced by private police and security forces as well as private arbitrations.

Rothbard argues that limited liability for corporations could also exist through contract, arguing that " rporations are not at all monopolistic privileges; they are free associations of individuals pooling their capital. On the purely free market, those men would simply announce to their creditors that their liability is limited to the capital specifically invested in the corporation".

There are limits to the right to contract under some interpretations of anarcho-capitalism. Rothbard believes that the right to contract is based in inalienable rights and because of this any contract that implicitly violates those rights can be voided at will, preventing a person from permanently selling himself or herself into unindentured slavery. That restriction aside, the right to contract under anarcho-capitalist order would be pretty broad. For example, Rothbard went as far as to justify stork markets, arguing that a market in guardianship rights would facilitate the transfer of guardianship from abusive or neglectful parents to those more interested or suited to raising children. Other anarcho-capitalists have also suggested the legalization of organ markets, as in Iran's renal market. Other interpretations conclude that banning such contracts would in itself be an unacceptably invasive interference in the right to contract.

Included in the right of contract is "the right to contract oneself out for employment by others". While anarchists criticize wage labour describing it as wage slavery, anarcho-capitalists view it as a consensual contract. Some anarcho-capitalists prefer to see self-employment prevail over wage labor. David D. Friedman has expressed a preference for a society where "almost everyone is self-employed" and "instead of corporations there are large groups of entrepreneurs related by trade, not authority. Each sells not his time, but what his time produces".

Law and order and the use of violence

Different anarcho-capitalists propose different forms of anarcho-capitalism and one area of disagreement is in the area of law. In '' The Market for Liberty'', Morris and Linda Tannehill object to any statutory law whatsoever. They argue that all one has to do is ask if one is aggressing against another in order to decide if an act is right or wrong. However, while also supporting a natural prohibition on force and fraud, Rothbard supports the establishment of a mutually agreed-upon centralized libertarian legal code which private courts would pledge to follow, as he presumes a high degree of convergence amongst individuals about what constitutes natural justice.

Unlike both the Tannehills and Rothbard who see an ideological commonality of ethics and morality as a requirement, David D. Friedman proposes that "the systems of law will be produced for profit on the open market, just as books and bras are produced today. There could be competition among different brands of law, just as there is competition among different brands of cars".Friedman, David. ''The Machinery of Freedom''. Second edition. La Salle, Ill, Open Court, pp. 116–17. Friedman says whether this would lead to a libertarian society "remains to be proven". He says it is a possibility that very un-libertarian laws may result, such as laws against drugs, but he thinks this would be rare. He reasons that "if the value of a law to its supporters is less than its cost to its victims, that law ... will not survive in an anarcho-capitalist society".

Anarcho-capitalists only accept the collective defense of individual liberty (i.e. courts, military, or police forces) insofar as such groups are formed and paid for on an explicitly voluntary basis. However, their complaint is not just that the state's defensive services are funded by taxation, but that the state assumes it is the only legitimate practitioner of physical forcethat is, they believe it forcibly prevents the private sector from providing comprehensive security, such as a police, judicial and prison systems to protect individuals from aggressors. Anarcho-capitalists believe that there is nothing morally superior about the state which would grant it, but not private individuals, a right to use physical force to restrain aggressors. If competition in security provision were allowed to exist, prices would also be lower and services would be better according to anarcho-capitalists. According to Molinari: "Under a regime of liberty, the natural organization of the security industry would not be different from that of other industries". Proponents believe that private systems of justice and defense already exist, naturally forming where the market is allowed to "compensate for the failure of the state", namely private arbitration, security guards, neighborhood watch groups and so on. These private courts and police are sometimes referred to generically as private defense agencies. The defense of those unable to pay for such protection might be financed by charitable organizations relying on voluntary donation rather than by state institutions relying on taxation, or by cooperative self-help by groups of individuals. Edward Stringham argues that private adjudication of disputes could enable the market to internalize externalities and provide services that customers desire.

Rothbard stated that the American Revolutionary War and the American Civil War were the only two just wars in American military history. Some anarcho-capitalists such as Rothbard feel that violent revolution is counter-productive and prefer voluntary forms of economic secession to the extent possible. Retributive justice is often a component of the contracts imagined for an anarcho-capitalist society. According to Matthew O'Keefee, some anarcho-capitalists believe prisons or indentured servitude would be justifiable institutions to deal with those who violate anarcho-capitalist property relations while others believe exile or forced restitution are sufficient. Rothbard stressed the importance of restitution as the primary focus of a libertarian legal order and advocated for corporal punishment for petty vandals and the death penalty for murders.

American economist Bruce L. Benson argues that legal codes may impose punitive damages for intentional torts in the interest of deterring crime. Benson gives the example of a thief who breaks into a house by picking a lock. Even if caught before taking anything, Benson argues that the thief would still owe the victim for violating the sanctity of his property rights. Benson opines that despite the lack of objectively measurable losses in such cases, "standardized rules that are generally perceived to be fair by members of the community would, in all likelihood, be established through precedent, allowing judgments to specify payments that are reasonably appropriate for most criminal offenses".

Morris and Linda Tannehill raise a similar example, saying that a bank robber who had an attack of conscience and returned the money would still owe reparations for endangering the employees' and customers' lives and safety, in addition to the costs of the defense agency answering the teller's call for help. However, they believe that the robber's loss of reputation would be even more damaging. They suggest that specialized companies would list aggressors so that anyone wishing to do business with a man could first check his record, provided they trust the veracity of the companies' records. They further theorise that the bank robber would find insurance companies listing him as a very poor risk and other firms would be reluctant to enter into contracts with him.

Fraud and breach of contract

There is a debate among anarcho-capitalists about how to codify the concepts and standards for 'fraud' and 'breach of contract'.

For example, Mark D. Friedman has argued that most right-libertarian theories on this topic are unconvincing because 'he has been duped, he nevertheless elects to entrust his property'. For these reasons, there have been attempts to solve this problem in other ways.

Influences

Murray Rothbard has listed different ideologies of which his interpretations have influenced anarcho-capitalism. This includes his interpretation of anarchism, and more precisely individualist anarchism; classical liberalism and the Austrian School of economic thought. Scholars additionally associate anarcho-capitalism with neo-classical liberalism, radical neoliberalism and right-libertarianism.

Anarchism

In both its social and individualist forms, anarchism is usually considered an anti-capitalistWilliams, Dana M. (2018). "Contemporary Anarchist and Anarchistic Movements". ''Sociology Compass''. Wiley. 12 (6): 4. . . and radical left-wing or far-left movement that promotes libertarian socialist economic theories such as collectivism, communism, individualism, mutualism and syndicalism. Because anarchism is usually described alongside libertarian Marxism as the libertarian wing of the socialist movement and as having a historical association with anti-capitalism and socialism, anarchists believe that capitalism is incompatible with social and economic equality and therefore do not recognize anarcho-capitalism as an anarchist school of thought.Marshall, Peter (1992). '' Demanding the Impossible: A History of Anarchism''. London: HarperCollins. pp. 564–565. . "Anarcho-capitalists are against the State simply because they are capitalists first and foremost. ..They are not concerned with the social consequences of capitalism for the weak, powerless and ignorant. ..As such, anarcho-capitalism overlooks the egalitarian implications of traditional individualist anarchists like Spooner and Tucker. In fact, few anarchists would accept the 'anarcho-capitalists' into the anarchist camp since they do not share a concern for economic equality and social justice. Their self-interested, calculating market men would be incapable of practising voluntary cooperation and mutual aid. Anarcho-capitalists, even if they do reject the state, might therefore best be called right-wing libertarians rather than anarchists."Goodway, David (2006). '' Anarchist Seeds Beneath the Snow: Left-Libertarian Thought and British Writers from William Morris to Colin Ward''. Liverpool: Liverpool University Press. p. 4. Libertarian' and 'libertarianism' are frequently employed by anarchists as synonyms for 'anarchist' and 'anarchism', largely as an attempt to distance themselves from the negative connotations of 'anarchy' and its derivatives. The situation has been vastly complicated in recent decades with the rise of anarcho-capitalism, 'minimal statism' and an extreme right-wing laissez-faire philosophy advocated by such theorists as Rothbard and Nozick and their adoption of the words 'libertarian' and 'libertarianism'. It has therefore now become necessary to distinguish between their right libertarianism and the left libertarianism of the anarchist tradition."Newman, Saul (2010). ''The Politics of Postanarchism''. Edinburgh University Press. p. 43. "It is important to distinguish between anarchism and certain strands of right-wing libertarianism which at times go by the same name (for example, Rothbard's anarcho-capitalism)." . In particular, anarchists argue that capitalist transactions are not voluntary and that maintaining the class structure of a capitalist society requires coercion which is incompatible with an anarchist society.Tame, Chris R. (October 1983). ''The Chicago School: Lessons from the Thirties for the Eighties''. Economic Affairs. p. 56.McKay, Iain (2008). ''An Anarchist FAQ''. 1. "What are the myths of capitalist economics?" "Is 'anarcho'-capitalism a type of anarchism?" Oakland/Edinburgh: AK Press. . The usage of ''libertarian'' is also in dispute. While both anarchists and anarcho-capitalists have used it, ''libertarian'' was synonymous with ''anarchist'' until the mid-20th century, when anarcho-capitalist theory developed.

Anarcho-capitalists are distinguished from the dominant anarchist tradition by their relation to property and capital. While both anarchism and anarcho-capitalism share general antipathy towards government authority, anarcho-capitalism favors free-market capitalism. Anarchists, including egoists such as Max Stirner, have supported the protection of an individual's freedom from powers of both government and private property owners. In contrast, while condemning governmental encroachment on personal liberties, anarcho-capitalists support freedoms based on private property rights. Anarcho-capitalist theorist Murray Rothbard argued that protesters should rent a street for protest from its owners. The abolition of public amenities is a common theme in some anarcho-capitalist writings.

As anarcho-capitalism puts ''laissez-faire'' economics before economic equality, it is commonly viewed as incompatible with the anti-capitalist and egalitarian tradition of anarchism. Although anarcho-capitalist theory implies the abolition of the state in favour of a fully ''laissez-faire'' economy,Gay, Kathlyn; Gay, Martin (1999). ''Encyclopedia of Political Anarchy''. ABC-CLIO. . it lies outside the tradition of anarchism. While using the language of anarchism, anarcho-capitalism only shares anarchism's antipathy towards the state and not anarchism's antipathy towards hierarchy as theorists expect from anarcho-capitalist economic power relations.Davis, Laurence (2019). "Individual and Community". In Levy, Carl; Adams, Matthew S. (eds.). ''The Palgrave Handbook of Anarchism''. Cham: Springer. pp. 47–70. . . It follows a different paradigm from anarchism and has a fundamentally different approach and goals. In spite of the ''anarcho-'' in its title, anarcho-capitalism is more closely affiliated with capitalism, right-libertarianism, and liberalism than with anarchism. Some within this ''laissez-faire'' tradition reject the designation of ''anarcho-capitalism'', believing that ''capitalism'' may either refer to the ''laissez-faire'' market they support or the government-regulated system that they oppose.

Rothbard argued that anarcho-capitalism is the only true form of anarchismthe only form of anarchism that could possibly exist in reality as he maintained that any other form presupposes authoritarian enforcement of a political ideology such as "redistribution of private property", which he attributed to anarchism. According to this argument, the capitalist free market is "the natural situation" that would result from people being free from state authority and entails the establishment of all voluntary associations in society such as cooperatives, non-profit organizations, businesses and so on. Moreover, anarcho-capitalists, as well as classical liberal minarchists, argue that the application of anarchist ideals as advocated by what they term "left-wing anarchists" would require an authoritarian body of some sort to impose it. Based on their understanding and interpretation of anarchism, in order to forcefully prevent people from accumulating capital, which they believe is a goal of anarchists, there would necessarily be a redistributive organization of some sort which would have the authority to in essence exact a tax and re-allocate the resulting resources to a larger group of people. They conclude that this theoretical body would inherently have political power and would be nothing short of a state. The difference between such an arrangement and an anarcho-capitalist system is what anarcho-capitalists see as the voluntary nature of organization within anarcho-capitalism contrasted with a "centralized ideology" and a "paired enforcement mechanism" which they believe would be necessary under what they describe as a "coercively" egalitarian-anarchist system.

Rothbard also argued that the capitalist system of today is not properly anarchistic because it often colludes with the state. According to Rothbard, "what Marx and later writers have done is to lump together two extremely different and even contradictory concepts and actions under the same portmanteau term. These two contradictory concepts are what I would call 'free-market capitalism' on the one hand, and 'state capitalism' on the other". "The difference between free-market capitalism and state capitalism", writes Rothbard, "is precisely the difference between, on the one hand, peaceful, voluntary exchange, and on the other, violent expropriation". He continues: "State capitalism inevitably creates all sorts of problems which become insoluble".

Traditional anarchists reject the notion of capitalism, hierarchies and private property.Funnell, Warwick (2007)
"Accounting and the Virtues of Anarchy"
. ''Australasian Accounting, Business and Finance Journal''. 1 (1) 18–27. .Williams, Dana (2012). "From Top to Bottom, a Thoroughly Stratified World: An Anarchist View of Inequality and Domination". ''Race, Gender & Class''. 19 (3/4): 9–34. .White, Richard; Williams, Colin (2014)
"Anarchist Economic Practices in a 'Capitalist' Society: Some Implications for Organisation and the Future of Work"
. ''Ephermera: Theory and Politics in Organization''. 14 (4): 947–971. . Albert Meltzer argued that anarcho-capitalism simply cannot be anarchism because capitalism and the state are inextricably interlinked and because capitalism exhibits domineering hierarchical structures such as that between an employer and an employee. Anna Morgenstern approaches this topic from the opposite perspective, arguing that anarcho-capitalists are not really capitalists because "mass concentration of capital is impossible" without the state. According to Jeremy Jennings, " is hard not to conclude that these ideas," referring to anarcho-capitalism, have "roots deep in classical liberalism" and "are described as anarchist only on the basis of a misunderstanding of what anarchism is." For Jennings, "anarchism does not stand for the untrammelled freedom of the individual (as the 'anarcho-capitalists' appear to believe) but, as we have already seen, for the extension of individuality and community." Similarly, Barbara Goodwin, Emeritus Professor of Politics at the University of East Anglia, Norwich, argues that anarcho-capitalism's "true place is in the group of right-wing libertarians", not in anarchism.

Some right-libertarian scholars like Michael Huemer, who identify with the ideology, describe anarcho-capitalism as a "variety of anarchism". British author Andrew Heywood also believes that "individualist anarchism overlaps with libertarianism and is usually linked to a strong belief in the market as a self-regulating mechanism, most obviously manifest in the form of anarcho-capitalism". Frank H. Brooks, author of ''The Individualist Anarchists: An Anthology of Liberty (1881–1908)'', believes that "anarchism has always included a significant strain of radical individualism, from the hyperrationalism of Godwin, to the egoism of Stirner, to the libertarians and anarcho-capitalists of today"..

While both anarchism and anarcho-capitalism are in opposition to the state, they nevertheless interpret state-rejection differently. Austrian school economist David Prychitko, in the context of anarcho-capitalism says that "while society without a state is necessary for full-fledged anarchy, it is nevertheless insufficient". According to Ruth Kinna, anarcho-capitalists are anti-statists who draw more on right-wing liberal theory and the Austrian School than anarchist traditions. Kinna writes that " order to highlight the clear distinction between the two positions", anarchists describe anarcho-capitalists as " propertarians".Kinna, Ruth, ed. (2012). ''The Bloomsbury Companion to Anarchism''. New York: Bloomsbury Publishing. pp. 330–331. . Anarcho-capitalism is usually seen as part of the New Right.

Some anarcho-capitalists understand anarchism to mean something other than "opposition to hierarchy" and therefore consider the two traditions to be philosophically distinct. Therefore, the anarchist critique that anarcho-capitalist societies would necessarily contain hierarchies is not concerning to these anarcho-capitalists. Additionally, Rothbard discusses the difference between "government" and "governance" thus, proponents of anarcho-capitalism think the philosophy's common name is indeed consistent, as it promotes private governance, but is vehemently anti-government.

Classical liberalism

Historian and libertarian Ralph Raico

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