High Quality Content by WIKIPEDIA articles! Anarchism is generally defined as the political philosophy which holds the state to be undesirable, unnecessary, and harmful, or alternatively as opposing authority and hierarchical organization in the conduct of human relations. The nature of capitalism is a polarizing issue among anarchists. Capitalism is generally considered by scholars to be an economic system that includes private ownership of the means of production, creation of goods or services for profit or income, the accumulation of capital, competitive markets, voluntary exchange, and wage labor. Capitalism is variously defined by sources and there is no general consensus among scholars on the definition nor on how the term should be used as a historical category. The designation is applied to a variety of historical cases, varying in time, geography, politics, and culture.