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A person whose philosophy is based on the idea of individual sovereignty, and a prohibition against theft, coercion and fraud. It sees the only just basis for law as arising from private property norms and an unlimited right of contract between free and sovereign individuals. From this basis, anarcho-capitalism rejects the state as an unjustified monopolist and systematic aggressor against sovereign individuals, and embraces anti-statist laissez-faire capitalism. Anarcho-capitalists would aim to protect individual liberty and property by replacing government monopoly, which is involuntarily funded through theft by taxation, with private, competing businesses that use physical force only in defense of liberty and property against aggressors. Hence, they believe that all goods and services, including law, order, and security, should be supplied through the mechanism of a free market.
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