Capitalism is inherently incompatible with statelessness. You need some kind of police or military force to enforce private property and contracts. In anarcho-capitalism, that force doesn’t disappear. Those with more money would be able to buy more protection, better courts, and stronger enforcement, they would increasingly turn wealth directly into power.

What we understand as a corporation today wouldn’t vanish without the state; it would reappear as large, hierarchical firms held together by contracts, private security, and internal command structures. In practice, these would look less like free associations and more like dictatorial private governments, exercising control over workers and communities without even minimal public accountability.

Removing legal tender laws or corporate charters doesn’t eliminate capitalism’s core dynamics: private ownership of productive resources, wage labor, and profit extraction. Anarcho-capitalism keeps those intact while stripping away any collective checks on them. From an anarchist anti-capitalist perspective, that’s not anarchism, thats straight up the replacement of public authority with unaccountable private power.