1 definition by whitehotforever
An oxymoron and an invalid theory. Anarchy is anti-hierarchical, while Capitalism is designed around an economic hierarchy - company owners and company workers as separate classes.
Anarcho-capitalism is invalid for several main reasons:
★ Capital requires a government to issue it and tax it to create demand, and give value to the currency.
★ Anarchy is anti-hierarchy, while capitalism is an economic system designed to sustain a hierarchy.
★ Without government to lower the powers a company has over it’s workers, the companies become the new governments, so to speak. Companies replace the state, therefore “anarcho”-capitalism is not anarchic.
Anarcho-capitalism is invalid for several main reasons:
★ Capital requires a government to issue it and tax it to create demand, and give value to the currency.
★ Anarchy is anti-hierarchy, while capitalism is an economic system designed to sustain a hierarchy.
★ Without government to lower the powers a company has over it’s workers, the companies become the new governments, so to speak. Companies replace the state, therefore “anarcho”-capitalism is not anarchic.
Person 1: I support anarcho-capitalism because I don’t want the government limiting my freedom.
Person 2: Without a government to limit the power of corporations, how do you keep companies from limiting your freedom?
Person 3: Well, we haven’t figured that part out yet.
Person 2: Without a government to limit the power of corporations, how do you keep companies from limiting your freedom?
Person 3: Well, we haven’t figured that part out yet.
by whitehotforever March 24, 2021