Abiola has a series of great posts on Anarcho-Capitalism.
I mostly agree with him, although I would have a subtly different emphasis. For me, the proper objection to Anarcho-capitalism is not that so much that it is absolutely unworkable - it is certainly "workable" as contemporary Somalia shows but at some considerable "cost" - but that Anarcho-capitalists are either deluded, dishonest or, being charitable, disingenuous in the claims they make, specifically about Anarcho-Capitalism providing the conditions for peace, prosperity and, yes, individual freedom.
I must concur with Abiola as to why it is important for those of us of libertarian inclination to make these points:
Anarcho-capitalists help to deligitimize libertarianism as a whole, by providing an easy target in the same manner that hard-left types do for advocates of social democracy. Whether or not one thinks it fair, it is a fact of life that one is judged by the company one keeps, and marching in lockstep with fools and lunatics is a pretty good way to get oneself branded a fool and a lunatic as well.
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