Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion… - Karl Hess

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Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so.

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About Karl Hess

Karl Hess (born Carl Hess III; 25 May 1923 – 22 April 1994) was an American libertarian and speechwriter for Barry Goldwater. He was also a free-market anarchist political philosopher, editor, welder, motorcycle racer, tax resister, atheist, and libertarian activist. Although fundamentally a libertarian, his career included stints on the Republican right and the New Left.

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Additional quotes by Karl Hess

[Republicans in Hess's youth] represented the only strong anti-imperalist political position. Anti-imperialist? Republicans? Uh-huh. But Republicans were not smart enough to call it that. They let it be labeled isolationism, as though they wanted the United States to sneak off the world stage, slam the doors, and bolt the windows. The underlying Republican argument, that we should trade with everyone but not interfere with or intervene in their internal politics, was lost behind that unattractive label.

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