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(politics, economics) A political and economic philosophy that advocates the elimination of the state and other coercive institutions in favour of individual self-ownership and free market.

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anarcho-capitalism

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anarcho-capitalism

noun

(politics, economics) A political and economic philosophy that advocates the elimination of the state and other coercive institutions in favour of individual self-ownership and free market.

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(politics, economics) A political and economic philosophy that advocates the elimination of the state and other coercive institutions in favour of individual self-ownership and free market.

The second was shock therapy. Implemented briefly in the aftermath of the Soviet collapse, shock therapy aimed to construct a free market in post-communist Russia. It produced instead a species of mafia-dominated anarcho-capitalism.

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anarcho-capitalism

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