all current functions of the state would be replaced by market based services
ideal society is stateless as the state is incompatible with liberty - it has the power to tax and control over the powers of coercion
state should be replaced by the market- an invisible hand that would allow private interests to create general good through voluntary and mutually beneficial exchanges
individual is the ego, which the concept of self ownership authority and freedom to determine one's identity
education, roads, policing, law courts and environmental protection could be provided more efficiently through the market- it provides both choice and competition
Book
Man, Economy, State1962
Advocated for abolition of the government control of society and economy. monopoly force of government- greatest danger to liberty
state provided services should be more efficient by the private sector- free and competitive environment- controversial
called taxationslavery
state is a product of exploitation
father of anarcho-capitalism - individual responsibility and self ownership is preferable to state control - opposed taxation, form of slavery
individual's autonomy and natural rights can be protected - complete dismantling of the state and its replacement by a system of private property
Case Study: Prospera
Charter city, which is a special economic zone with its own fiscal, regulatory and legal framework