Anarcho-capitalism

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Anarcho-capitalism (colloquially: Ancap) is a political ideology and economic theory that advocates the replacement of all coercive government institutions with private enterprise, along with the expansion of economic liberalism and a market economy through the promotion of a voluntary society. Proponents argue that a society could function without a centralized state through voluntary exchange and private businesses that provide legal and security services, relegating coercion to the collection of tort damages, and refining recoupment in the context of a free and open marketplace. They contend that essential public services, including policing, courts, and defense are dramatically improved to the extent of competition among alternative dispute resolution providers, private defense agencies, subrogation markets, and insurance/reinsurance contractors. This synthesis of anti-statism and private property remains deeply controversial among anarchists in general, the overwhelming majority...

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