Anarchy is a system of belief that promotes self-governance or consensus based on the entire community. It opposes government rule and prevents hierarchies from being created. There are two anarchical schools of thought and four types of anarchy.

This system of belief doesn’t conform to a government as a form of authority and usually associates with civil unrest and chaos. The word itself comes from the Greek word that means “having no ruler”. As a political philosophy, it opposes government rule and prevents hierarchies from being created. 

The origins of anarchy 

As a philosophical concept steeped in extremism, anarchism started somewhere around the time of the French Revolution. However, it fully developed only in the twentieth century. While people who advocate anarchy as a philosophy say that it can result in thriving societies without government rule, the term anarchy usually describes chaos, lawlessness and societal problems. 

There are primarily two major segments of anarchy. One school of thought believes in promoting the individual’s self-governance and rejects all forms of government authority. The other segment promotes collective or group ideology rather than giving importance to the individual, over government authority. 

Two schools of thought on anarchy

Anarchism essentially has two major schools of thought as discussed above. These are the individualist anarchists and the social anarchists. There is yet another variant: anarcho-capitalism. Let’s look at all three. 

Various types of anarchism 

Over its decades of existence, anarchy has seen application in many ways to fulfill the end goals of various types of thinking. Here are the types of anarchism that have existed through the years: 

How anarchism impact modern economics? 

Anarchism has had its influence on modern economics to an extent. The philosophy influenced many of the movements around the turn of the 21st century that were based on anti-capitalist, anti-war, and anti-globalization ideas. It also drove the protests against the World Economic Forum, the Group of Eight, and the World Trade Organization. It even resulted in unrest in 1999 in Seattle at the WTO conference. 

More recently, the main reason for the creation and popularization of cryptocurrencies all over the world is in fact a fight against the corruption within financial organizations and governments, to wrest power away from them. Many crypto-anarchists promote the most prominent cryptocurrency, bitcoin. 

A few criticisms of anarchy 

Over the years, anarchy as a concept has seen criticism for various reasons. Here are a few of them: 


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