anarcho-capitalism

Short definition from Wiktionary

Noun

1. 1
   A political and economic philosophy that advocates the elimination of the state and other coercive institutions in favour of individual self-ownership, voluntary society, and free market.
2. 2
   A political and socioeconomic system that ostensibly recognizes only individual self-ownership, voluntary society, and free market but not the state and other coercive institutions.