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''Anarchy'' is often used pejoratively simply to mean chaos, violence, and complete lack of political order.  This is one ordinary use of the word, but it does not describe a suitable subject for an encyclopedia article.  ''Anarchy'' has an interesting use, according to which anarchy is a political ideal.

But when it is used to describe a political ideal, ''anarchy'' is a term used in two different ways in describing two very different political views.  It is worth noting that although it is likely that adherents of either view will surely have many disagreements with the other, it is not correct to think of them as being diametric opposites.
Traditionally, the term ''anarchy'' has been applied to a movement 
dedicated to the abolition of illegitimate authority and the establishment of a social order without hierarchy. Proponents of the extent system equate its abolition with the abolition of all social order. In their time, Monarchists accused Republicans of seeking the destruction of all social order. 

Prominent anarchists of the traditional sort include EmmaGoldman, MikhailBakunin, and NoamChomsky.  We have a comprehensive discussion of TraditionalAnarchism.
More recently, the term ''anarchy'' has been applied to supporters of AnarchoCapitalism, which may be loosely defined as the idea that there should not be a single government, but rather that the traditional functions of government might be best handled by private courts and defense agencies.  

The most prominent theorist of AnarchoCapitalism is DavidFriedman, son of NobelPrize/EconomicSciences winner MiltonFriedman.  We have a comprehensive discussion of AnarchoCapitalism.

Proponents of these two views sometimes view each other with some hostility.  Proponents of TraditionalAnarchism may view AnarchoCapitalism as either a grave misunderstanding of anarchism proper, or a special case of the rejection of government authority in favor of capitalist authority.  Terms such as "baseless" and "oversimplistic" may be used.

AnarchoCapitalists contend that anarchism is ill-defined, and most likely will reject the view that there is any such thing as 'capitalist authority'  and that many anarchists are economically illiterate.

This page will not settle any disputes between the two, but hopes instead to acknowledge the facts of the situation (that both use the term, rightly or wrongly), and to point to separate treatments of both.

You can see a little bit of the lively debate here: /AnarchyTalk