Anarcho-capitalism

economic-dictionary

Anarcho-capitalism is a current that proposes the elimination of the state as an economic agent, the total abolition of taxes, while advocating the free market, private property and condemns fraud.

Anarcho-capitalism is an economic trend of liberalism that emerged in the mid-twentieth century.

Thus, according to anarcho-capitalism, for there to be freedom in a society, it must be based on a free market system. Thanks to a free market society it is possible to carry out exchanges in a peaceful way, without the intervention of the state. And the thing is, anarcho-capitalism considers the state as an aggressive agent, which expropriates and establishes taxes, without forgetting that it also has the power to create monopolies and regulate markets.

On the economic plane, it should be remembered that the Austrian school has had an important influence on anarcho-capitalism, from which it takes its method of study for the social sciences. This doctrine has three fundamental principles that are:

  1. The principle of non-aggression
  2. Private property
  3. Law

Principle of non-aggression

Anarcho-capitalism is totally against violence, so it prohibits anything that poses a threat to people. Thus, the establishment of taxes, theft and fraud will be considered violence, since they threaten the private property of the individual.

The most classical liberals defend a minimum participation of the state, in which it is limited to guaranteeing the functioning of the free market economy and the right to private property. On the other hand, the state must also provide security and defense while establishing laws that guarantee justice.

Well, the anarcho-capitalists see in the state an agent that monopolizes violence, since it aggressively earns income through taxes. Hence, anarcho-capitalism is against any type of state intervention. Furthermore, the anarcho-capitalists propose the abolition of the state.

Faced with the aggression of the state, anarcho-capitalism proposes freedom of enterprise. In this way, through capitalism, exchanges can take place voluntarily and peacefully.

Private property

Anarcho-capitalism holds that each individual has property rights over his body and that each person can appropriate the ownerless resources through work.

Let's imagine that there is a land without an owner. According to anarcho-capitalism, it will not be enough to arrive and claim their property, so that land will have to be worked to be able to own it. This is what is known as original appropriation.

Therefore, each person has the right to enjoy the income from their own work. However, ownership can only change hands through an exchange that must be peaceful and voluntary. In the event of any type of violence, it will be considered that this exchange has no legitimacy.

Law

Anarcho-capitalism also considered violent that the state monopolizes security and justice. A free market society has companies that can provide justice without the need for a single and central power emanating from the state.

Private organizations may act as providers of security and defense services. In this sense, anarcho-capitalists defend that the free market will have companies that will be able to provide these services with higher quality and at lower cost.

Tags:  right USA finance 

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