Anarchism has in common with Liberalism the idea that the happiness and prosperity of the individual must be the standard of all social matters. And, in common with the great representatives of Liberal thought, it has also the idea of limiting the functions of government to a minimum. Its supporters have followed this thought to its ultimate logical consequences, and wish to eliminate every institution of political power from the life of society. When Jefferson clothes the basic concept of Liberalism in the words: "that government is best which governs least," then Anarchists say with Thoreau: "That government is best which governs not at all."
In common with the founders of socialism, Anarchists demand the abolition of all economic monopolies and the common ownership of the soil and all other means of production, the use of which must be available for all without distinction; for personal and social freedom is conceivable only on the basis of equal economic advantages for everybody. Within the socialist movement itself the Anarchists represent the viewpoint that the war against capitalism must be at the same time a war against all institutions of political power, for in history economic exploitation has always gone hand in hand with political and social oppression. The exploitation of man by man and the dominion of man over man are inseparable, and each is the condition of the other.