Faces of Capitalism – between Anarcho-capitalism and State Capitalism
Faces of Capitalism – between Anarcho-capitalism and State Capitalism

Summary/Abstract: The spectrum of the contemporary capitalist economy includes state capitalism, understood as a form of modern economy based on the concept of private ownership of the factors of production, in which the state intervenes to defend the interests of big companies. In its classic form, state capitalism was understood as a model of economy in which capita list relations of production based on private property, are under the strict control of state institutions. At the opposite end of the spectrum of capitalism, there are the views of anarchocapitalism followers, i.e. the doctrine, according to which it is possible to replace all the social functions fulfilled so far by the state for those that will be based on market’s voluntary agreements. Less extreme views proclaim minarchists, willing to accept certain functions of the state, but under the condition of payment for specific services. Between these two extreme approaches can be found the most modern capitalist economies.

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