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Critics believe that state intervention is needed to prevent [[monopoly]]. In response, anarcho-capitalists such as Murray Rothbard argue that monopolies are defined by state intervention and cannot arise on the free market<ref>http://mises.org/rothbard/mespm.PDF</ref>. Others, like Hans Hoppe, add that the State itself is a monopoly over final arbitration and taxation power. Others have criticized it because big business may act as a [[state]]; forcing its will onto others.
Critics believe that state intervention is needed to prevent [[monopoly]]. In response, anarcho-capitalists such as Murray Rothbard argue that monopolies are defined by state intervention and cannot arise on the free market<ref>http://mises.org/rothbard/mespm.PDF</ref>. Others, like Hans Hoppe, add that the State itself is a monopoly over final arbitration and taxation power. Others have criticized it because big business may act as a [[state]]; forcing its will onto others.
People of this view generally believe that government is necessary to protect the property of the less powerful in society against the more powerful.
People of this view generally believe that government is necessary to protect the property of the less powerful in society against the more powerful.
The vast majority of self-identified anarchists reject the claim of anarcho-capitalists to be anarchists, arguing that anarchism is inherently anti-capitalist and the term 'anarcho-capitalism' is an oxymoron.
[[category:Political Terms]]
[[category:Political Terms]]