Anarcho-Capitalism
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Anarcho-Capitalism is an ideology that advocates the elimination of the state in favor of individual sovereignty, private property, and free markets. Anarcho-capitalists believe that in the absence of the state, society would improve itself through the free market. In an anarcho-capitalist society, law enforcement, courts, and all other security services would be operated by privately funded competitors. Money, along with all other goods and services, would be privately owned and provided in an open market. Therefore, personal and economic activities under anarcho-capitalism would be regulated by victim-based dispute resolution organizations under tort and contract law based on the concept of NAP (Non Aggression Principle), rather than by the state through centrally determined punishment under political monopolies. Frequently, anarcho-capitalists use empirical studies and statistics, as a base to their understanding of economics.