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Anarcho-Capitalism, often abbreviated as Ancap, is a libertarian political philosophy promoting individual freedoms, private property and free markets through the removal of state governments.

Anarcho-capitalists argue for a society based on the voluntary trade of private property and services (including money, consumer goods, land, and capital goods) in order to maximize individual liberty and prosperity. However, they also recognize charity and communal arrangements as part of the same voluntary ethic.Though anarcho-capitalists are known for asserting a right to private (individualized or joint non-public) property, some propose that non-state public or community property can also exist in an anarcho-capitalist society. For them, what is important is that it is acquired and transferred without help or hindrance from the compulsory state. Anarcho-capitalist libertarians believe that the only just, and/or most economically-beneficial, way to acquire property is through voluntary trade, gift, or labor-based original appropriation, rather than through aggression or fraud.

Non-aggression axiom

The basic axiom of libertarian political theory holds that every man is a self owner, having absolute jurisdiction over his own body. In effect, this means that no one else may justly invade, or aggress against, another's person. It follows then that each person justly owns whatever previously unowned resources he appropriates or "mixes his labor with." From these twin axioms — self-ownership and "homesteading" — stem the justification for the entire system of property rights titles in a free-market society. This system establishes the right of every man to his own person, the right of donation, of bequest (and, concomitantly, the right to receive the bequest or inheritance), and the right of contractual exchange of property titles.

The non-aggression axiom is prohibition against the initiation of force of any kind, against persons (assault, murder) or against property (burglary, taxation). Thus according to the non-aggression axiom, taxation is a kind of force or coercion equivalent to theft.