Page "Anarcho-capitalism" Paragraph 3

Anarcho-capitalists see free-market capitalism as the basis for a free and prosperous society.

Murray Rothbard said 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 is credited with coining the term " Anarcho-capitalism ").

" Capitalism ," as anarcho-capitalists employ the term, is not to be confused with state monopoly capitalism, crony capitalism, corporatism, or contemporary mixed economies, wherein market incentives and disincentives may be altered by state action.

They therefore reject the state, seeing it as an aggressive entity which steals property ( through taxation and expropriation ), initiate aggression, are a compulsory monopoly on the use of force, use their coercive powers to benefit some businesses and individuals at the expense of others, create monopolies, restrict trade, and restrict personal freedoms via drug laws, compulsory education, conscription, laws on food and morality, and the like.

Many anarchists view capitalism as an inherently authoritarian and hierarchical system and therefore reject anarcho-capitalism as a form of anarchism.

Considerable tension exists between these anarchists and anarcho-capitalists.

Anti-capitalist anarchists generally consider anarcho-capitalism as a contradiction in terms.