Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: Anarcho-Capitalist NEWS: Anarcho-capitalism Tue Sep 24, 2013 12:35 am
All about Anarcho-capitalism. This is another Text 2 Audio transformation using Flite. Below is the transcript for the recording:
Anarcho-capitalism is a political philosophy which advocates the elimination of the state in favor of individual sovereignty in a free market. In an anarcho-capitalist society, law enforcement, courts, and all other security services would be provided by privately funded competitors rather than through taxation, and money would be privately and competitively provided in an open market. Therefore, personal and economic activities under anarcho-capitalism would be regulated by privately run law rather than through politics. Various theorists have differing, though similar, legal philosophies which have been considered to fall under "anarcho-capitalism". However, the first person to coin the term and widely regarded as its founder, and its most well-known version, was formulated by Austrian School economist and libertarian Murray Rothbard in the mid-20th century, synthesizing elements from the Austrian School of economics, classical liberalism, and 19th-century American individualist anarchists Lysander Spooner and Benjamin Tucker . In Rothbardian anarcho-capitalism, there would first be the implementation of a mutually agreed-upon libertarian "legal code which would be generally accepted, and which the courts would pledge themselves to follow." This legal code would recognize sovereignty of the individual and the principle of non-aggression.