Most people think of mustachioed men with Molotov cocktails or, worse, a civilization that has fallen into chaos. We're talking about markets in

The A Word (Gasp) - Anarchy
By Max Borders


** Most people think of mustachioed men with Molotov cocktails or, worse, a civilization that has fallen into chaos. We're talking about markets in governance.
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Anarchy has a bad reputation. Most people think of mustachioed men with Molotov cocktails or, worse, a civilization that has fallen into chaos.

But that’s not what we have in mind.

Anarchism is rules without rulers—a condition marked by five basic features:

1. Non-Monopoly. There is no monopoly on enforcement powers; instead agencies compete for your custom within customary law.
2. Right of Exit. The right to leave a system that isn’t working, perhaps to join another system.
3. Association by Agreement. Contracts, not compulsion, establish legal relationships. Communities, not compulsion, establish cultural ties.
4. Private Property. The primacy of private property with provisions for creating commons and club goods where necessary.
5. Competitive Courts. Competing entrepreneurial legal services and courts resolve disputes and enforce agreements.

But what about democracy?

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