Anarchist economics is the set of theories and practices of economic activity within the political philosophy of anarchism. Many anarchists are anti-authoritarian anti-capitalists, with anarchism usually referred to as a form of libertarian socialism, i.e. a stateless system of socialism. Anarchists support personal property (defined in terms of possession and use, i.e. mutualist usufruct) and oppose capital concentration, interest, monopoly, private ownership of productive property such as the means of production (capital, land and the means of labor), profit, rent, usury and wage slavery which are viewed as inherent to capitalism. Anarchism is often considered a radical left-wing or far-left movement and much of its economics as well as legal philosophy reflect anti-authoritarian, anti-statist and libertarian interpretations of left-wing and socialist politics such as communism, collectivism, free-market, individualism, mutualism, participism and syndicalism, among other libertarian socialist economics. The majority of anarchist theorists do not consider anarcho-capitalism as a part of the anarchist movement due to the fact that anarchism has historically been an anti-capitalist movement and seen as incompatible with capitalism. Unlike anarcho-capitalists, the free market individualist anarchists retain the labor theory of value and socialist doctrines. Anarchists argue that characteristic capitalist institutions promote and reproduce various forms of economic activity which they consider oppressive, including private property (as in productive property rather than personal property), hierarchical production relations, collecting rents from private property, taking a profit in exchanges and collecting interest on loans. Anarchists see the ruling class, including capitalists, landlords and all other forms of involuntary, coercive hierarchy, socio-economic rulership and social stratification, as the primary rulers of society, with workers' self-management, democratic education and cooperative housing seen as removing such authority. Unlike right-libertarians, anarchists endorse possession-based ownership rather than propertarianism. Historical overview Early views The early English anarchist William Godwin's views on economics could be summarized as follows: "[H]e envisages the possibility of specialization in the various crafts, which would lead to a man's following the task for which he had the greatest aptitude, and distributing his surplus products to whoever may need them, receiving what he himself needs of other things from the surplus produced by his neighbours, but always on the basis of free distribution, not of exchange. It is evident that, despite his speculations on the future of machinery, Godwin's ideal society is based on the economics of handcrafts and cultivation". For the influential German individualist anarchist philosopher Max Stirner, "private property is a