Anarcho-Capitalism

... essential reading on anarcho-capitalism, which might also be called the natural order, private-property anarchy, ordered anarchy, radical capitalism, the private-law society, or society without a state. ... Rothbard and Austro-Libertarianism ... Alternative Approaches ... Precursors ... Congenial Writings

Baldy and I came to anarcho-capitalism from laissez-faire at about the same time, driven by inexorable logic, in what for us was the memorable winter of 1949-50. I vividly remember one time I was visiting him at FEE and he quietly pulled out a copy of Tolstoy's anarchist Law of Love and the Law of Violence, which he confided that "some of us are now reading with great interest."

Politically, he is an advocate of the radical libertarian position known as 'anarcho-capitalism,' arguing that even the limited functions of the night-watchman state (police, courts, law, and punishment) can and should be privately supplied. ... Friedman's academic and popular interests interact in a number of ways. Most notably, his academic research on the political economy of medieval Iceland has provided anarcho-capitalists with arguably the best historical example of their preferred social system.

Organized crime is essentially anarcho-capitalist, a productive industry struggling to govern itself; apart from attempts to monopolize and injure competitors, it is productive and non-aggressive. ... street violence embodies the ideal of left-anarchism: since it constitutes an assault on the rights of person and property ...

'Market anarchism' is a broad term referring to the theory that voluntary free market relationships can - and should - replace all existing coercive state relationships. It is derived from taking the principle of the non-initiation of force to its ultimate conclusion, and accepting that if using violence is wrong for one person, then it is wrong for every person.

Larry [Moss], and his then roommate Jerry Woloz, ganged up on me. Using on the government the same Hazlittian arguments about profit and loss, the weeding out process of inefficient entrepreneurs, that had convinced me of the merits of private vis-à-vis public provision of all other goods and services, they shook me up on this anarchism business. (I had previously thought, only, that it wouldn't work, that it couldn't work, not that it was morally wrong.) After I met Murray, it took him probably all of 15 minutes to convert me to the same anarcho-capitalist position I have held ever since.

Nozick sought to defend the minimal state–that is, a state "limited to the functions of protecting all its citizens against violence, theft, and fraud, and to the enforcement of contracts" (p. 26)–not only against those who want something more, but also against those who want something less. [Anarchy, State, and Utopia] therefore includes a critique of "anarcho-capitalism," the ultra-libertarian position that the legislative, judicial, and police functions hitherto monopolized by government should be open to competition among private "protection agencies."

Rockwell: The term anarchist is mostly used to mean someone who believes that if the state and law are gotten rid of, all property would become collectively owned. It was the great insight of Murray Rothbard that this is not the case: private ownership and the law that support it are natural ... So he was an anarchist in this sense but to avoid confusion he used the term anarcho-capitalist. This doesn't mean that he favored somehow establishing a capitalist system in place of the state. What he said is that capitalism is the de facto result in a civilized society without a state.

Block: ... These days, people can avail themselves of the benefits of so-called anarchy through orderly exchanges on the internet. Auction houses like eBay.com thrive, whereby people from all over the world bid and receive goods, with no enforcement mechanism other than their reputations at stake. If you fail to pay, fail to send in goods, or mislead in any way, those facts are spread out before the world. This alone is enough to prevent fraud in all but a few cases ...
Anarcho-capitalism is nothing more than the conviction that market logic applies across the board.