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'''Anarcho-capitalism''' is the belief that the [[free market|marketplace]] can be used to replace the functions of [[government]] and that [[capitalism]] without a [[government|territorial monopoly of ultimate decision-making]] is both economically more efficient and morally superior. The idea is that supply, demand and competition would keep corporations from acting unethically or harming others. Some [[libertarianism|libertarians]] are anarcho-capitalists.

'''Anarcho-capitalism''' is the belief that the [[free market|marketplace]] can be used to replace the functions of government and that [[capitalism]] without a territorial monopoly of ultimate decision-making is both economically more efficient and morally superior. The idea is that supply, demand and competition would keep corporations from acting unethically or harming others. Some [[libertarianism|libertarians]] are anarcho-capitalists.

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.     

==Notes==

==Notes==

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