I'm sorry. Since you don't know the difference between libertarian and anarchist, we cannot discuss these ideas. Please ignore my posts.
You replied him in the context of Libertarianism, so..
I found a definition here, between Anarcho-Capitalism and Libertarianism:
Anarcho-capitalist FAQ
The author suggests that Anarcho-Capitalism is a type of Libertarianism, the only difference being that the Libertarians want to maintain the following institutions: police, courts, and defense. Is he correct in your opinion?
In either of the two cases, I think the result would be extreme social stratification, and a huge gulf between peoples' access to information (science, health, anything, you name it, all media would be corporate with no obligations to serve the people), and in the case of Anarcho-Capitalism, lots of private armies would be involved too, the winners would be the war lords. Let's be realistic here..
In a Libertarian Ayn Randish society, the lords would be the Oligarchs, namely those who, at the time of the system change, had significant monetary power and production facilities, enough to ensure huge monopolies from the get-go. Even major infra-structure projects would have to be private, so all control with basic utilities, roads, hospitals etc would be with a private company completely outside of public control. Eventually, people would have to work for the big industries, or the big farms, because small business/farms can't compete with huge corporations. Workers (the majority of people) would have no protection
whatsoever. Imagine Foxconn City. Again, all big media would be corporate with no obligations to work for the people.
In other words, I don't think it would serve the common good, though I've experienced degrees of anarchy in hippie communities, but that's on a small scale, and the right people..
To quote the good American semi-anarchist Henry D. Thoreau from his Civil Disobedience:
" [All romantic ideals aside] .. to speak practically and as a citizen, unlike those who call themselves no-government men, I ask for, not at once no government, but
at once a better government. Let every man make known what kind of government would command his respect, and that will be one step toward obtaining it."
Thoreau's Civil Disobedience - 1
In other words, if there
is no democratic elect to complain to, who can act upon developments, how can things ever change for the better?
People say that 'the market will fix it', but no, it won't. Regulation fixes it. That is the big blunder that recent Presidents have committed again and again, including Clinton, because, well, deregulatiog worked, at least right until the moment the whole house of cards came tumbling down.