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 the expansion of economic liberalism and market economy through the promotion of a voluntary society. Proponents argue that a society could function without a centralized state through voluntary exchange and private institutions that provide legal and security services, replacing statutory law – arbitrary law created by edict – with competing private dispute resolution, relegating coercion to the collection of damages for torts and breaches of contract, and refining recoupment in the context of a free and open marketplace.