Distrust of central authority is an idea that’s taken many forms over the years, from the Magna Carta in the 13th century to the French and American revolutions 500 years later. Anarchy is another old idea and it pushes these notions far further: The political philosophy fully rejects the state’s centralized authority and, by extension, big businesses and financial institutions that are supported by that state.
The underlying belief is that society can be self-managed, according to Saul Newman, a political professor at Goldsmiths University of London. There are blends of this thinking on the political left (collectivist anarchism) as well as the right (libertarianism).
Newman thinks technology could make some anarchists’ dreams a reality. He’s not the only one who has noticed something is going on. “There is something about technology today, that many people are more comfortable with it than they are with the institutions of government and society that I grew up with,” said Jeffrey Sprecher, CEO of the company that owns the New York Stock Exchange, in a Bloomberg Television interview. Bitcoin is one of the obvious examples—it’s designed to be a stateless, digital cryptocurrency—but it doesn’t end there. People put a lot of trust into an Uber driver’s rating based on the experience of complete strangers.