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The Role of Capitalism and the Inefficiencies of Government
Hierarchies like capitalism offer voluntary participation, while monopolies lead to poor customer outcomes. Government monopolies often result in inefficiencies and lack of accountability. Politicians lack 'skin in the game', leading to suboptimal policies. Anarcho-capitalists believe in free markets without government intervention, arguing that true capitalism is distorted by crony capitalism. In a free market, voluntary exchanges reflect individual preferences and consent, guiding efficient resource allocation without central planning. This system promotes decentralization of power through natural competition and consumer choice, unlike government monopolies where there is no alternative to poor service.