anarcho-capitalism
/əˌnaːkəʊˈkapɪt(ə)lɪzm/ /əˌnɑːkəʊˈkapɪtəlɪzm/Politics
noun
A theory or ideology based on a belief in the freedom to own private property, a rejection of any form of governmental authority or intervention, and the upholding of the competitive free market as the main mechanism for social interaction.
Origin
1960s; earliest use found in Libertarian. From anarcho- + capitalism.
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