Anarcho-capitalism

Anarcho-capitalism (colloquially: ANCAP, Ancap, AnCap, or An-Cap) is a political ideology and economic theory that advocates for the abolition of state monopolies and promotes their replacement with private providers. Proponents argue that a society could function without a centralized state through voluntary exchange and private institutions that provide legal and security services, relegating coercion to the collection of tort damages, and refining recoupment in the context of a free and open marketplace. This model envisions a voluntary society. Proponents rely heavily on the non-aggression principle to argue that essential public services—including policing, courts, and defense—can be effectively replaced by competing private defense agencies, subrogation markets, and insurance providers.