Minarchism

Minarchism is a libertarian political philosophy which advocates for a particular variety of minimal state that acts only to enforce a universal framework of natural and legal rights essential to the functioning of a free marketplace in economy and culture, and operating through a limited government societally managed according to democratic or republican principles. Such a state could also be called a minarchy. It is distinct from anarcho-capitalism, in which a de jure state would hypothetically not exist and so the conditions of capitalism or laissez-faire would not be centrally enforced.

Minarchism

Minarchism is a libertarian political philosophy which advocates for a particular variety of minimal state that acts only to enforce a universal framework of natural and legal rights essential to the functioning of a free marketplace in economy and culture, and operating through a limited government societally managed according to democratic or republican principles. Such a state could also be called a minarchy. It is distinct from anarcho-capitalism, in which a de jure state would hypothetically not exist and so the conditions of capitalism or laissez-faire would not be centrally enforced.