How would anarcho-capitalism work?
In one sense, this is easy to answer. Since most people are familiar with capitalism, one could simply say, “Just like today’s semi-capitalist societies, except with no coercive monopolies.” As already noted, most services currently provided by State have been done voluntarily in the past, usually with better quality and service than the State. This is what you’d expect, since monopolies lack the usual competitive incentives to improve. The services that people have not seen provided privately, such as court, police, and defense against military invasion, require more explanation. “Imagine a society with no government. Individuals purchase law enforcement from private firms. Each such firm faces possible conflicts with other firms. Private policemen working for the enforcement agency that I employ may track down the burglar who stole my property only to discover, when they try to arrest him, that he too employs an enforcement agency. There are three ways in which such conflicts might b
[10.] This section (How would anarcho-capitalism work?) contains Caplan’s summary of arguments for “anarcho”-capitalism, which he describes as an offshoot of Libertarianism. Thus: “So-called ‘minarchist’ libertarians such as Nozick have argued that the largest justified government was one which was limited to the protection of individuals and their private property against physical invasion; accordingly, they favour a government limited to supplying police, courts, a legal code, and national defence.” The first thing to note about this argument is that it is stated in such a way as to prejudice the reader against the left-libertarian critique of private property. The minarchist right-“libertarian,” it is said, only wants to protect individuals and their private property against “physical invasion.” But, because of the loose way in which the term “property” is generally used, the “private property” of most “individuals” is commonly thought of as personal possessions, i.e. cars, houses,
Most of the prominent anarcho-capitalist writers have been academic economists, and as such have felt it necessary to spell out the workings of their preferred society in rather greater detail than the left-anarchists have. In order to best grasp the anarcho-capitalist position, it is helpful to realize that anarcho-capitalists have emerged almost entirely out of the modern American libertarian movement, and believe that their view is simply a slightly more extreme version of the libertarianism propounded by e.g. Robert Nozick. FAQs on the broader libertarian movement are widely available on the Net, so we will only give the necessary background here. So-called “minarchist” libertarians such as Nozick have argued that the largest justified government was one which was limited to the protection of individuals and their private property against physical invasion; accordingly, they favor a government limited to supplying police, courts, a legal code, and national defense. This normative t
