Understanding Anarcho-Capitalism and Its Economic Principles

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Argentina has elected Javier Milei as their new President. Milei has described himself as a libertarian and anarcho-capitalist… but what does this mean? What is an anarcho-capitalist?
Let’s discuss this on today’s episode of Thinking in English!

TRANSCRIPT - https://thinkinginenglish.blog/2023/12/11/274-what-is-an-anarcho-capitalist-the-election-of-javier-milei-in-argentina-english-vocabulary-lesson/

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Vocabulary List

• Libertarian (Noun): A person who advocates for individual freedom, limited government, and the free-market .
• Anarcho-capitalism (Noun): A political ideology and economic theory supporting the elimination of the state, emphasizing voluntary interactions, private property, and free-market capitalism.
• Nickname (Noun): Informal names given to someone, often reflecting their characteristics.
• Anarchist (Noun): A person who advocates for a society without government or central authority.
• Free market (Noun): An economic system where prices and wages are determined by unrestricted competition and supply and demand.
• Limited government (Noun): A political philosophy advocating for minimal government intervention in personal and economic affairs.
• Private property (Noun): Ownership of assets and resources by individuals or private organisations.

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