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.
Karl HessGovernment programs aim at getting money for poor people. Our hope was that knowledge would in the long run be more useful, provide more money, and eventually strike at the system-causes of poverty. Government believes that poverty is just a lack of money. We felt, and continue to feel, that poverty is actually a lack of skill, and a lack of the self-esteem that comes with being able to take some part of one's life into one's own hands and work with others towards shared-call them social-goals.
Karl Hess