Without the state there would be anarchy for that is, despite all the perfervid ravings of the Marxist Left and statist Right, all that anarchy means… - Karl Hess

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.

Libertarians are concerned, first and foremost, with that most valuable of properties, the life of each individual. ... Property rights pertaining to material objects are seen by libertarians as stemming from and...secondary to the right to own, direct, and enjoy one's own life and those appurtenances thereto which may be acquired without coercion.

The truth, of course, is that libertarianism wants to advance principles of property but that it in no way wishes to defend, willy nilly, all property which now is called private.<p>Much of that property is stolen. Much is of dubious title. All of it is deeply intertwined with an immoral, coercive state system which has condoned, built on, and profited from slavery; has expanded through and exploited a brutal and aggressive imperial and colonial foreign policy, and continues to hold the people in a roughly serf–master relationship to political–economic power concentrations.