Failure #1: The word anarchy no longer means what it once did.
Anarchy meant “no ruler” to the ancient Greeks. Many modern libertarians use it the same way. But current usage defines the word as meaning violence, chaos, and lawlessness, largely because of bad things done by left-anarchists. Thus, the word anarchy no longer conveys what these libertarians want it to mean. An effort to restore the original meaning might be worthwhile were it not for….
Failure #2: The word anarchy doesn’t describe what most anarcho-capitalists advocate.
Most “anarcho-capitalists” advocate institutions of non-state governance. Murray Rothbard, the supreme “anarcho-capitalist”, wrote whole books describing such institutions. He favored non-state police, courts, defense agencies, and various companies that impose rules via contract, like Underwriters Laboratories. Those are all institutions of governance. So…
What “anarcho-capitalists” really oppose is not governance, but The State, which operates through aggressive means. If the U.S. “government” decided to only use force defensively (including no taxation and no monopoly), most “anarcho-capitalists” could embrace it. Indeed…
Failure #3: The label anarcho-capitalism assigns too much importance to capitalism.
The word capitalism describes only the part of the market process that uses savings to expand production. This excludes many other aspects of the market such as trade and prices. It makes no sense to use the name of a part to describe the whole.
It’s fun to shock and awe people. The term anarcho-capitalism certainly strikes a rebel pose. But after the fun is over, it makes sense in no other way. Labels like voluntaryist and post-statist do a better job and should be preferred.
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