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ELI5 why is anarchy not "the guy with the bigger stick" making the rules?
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This is correct. If society becomes a place where a few people are running everything by force it is not anarchy, even if technically there are no written down laws. A lot of anarchist philosophy is about how to achieve and maintain anarchy without it devolving back into hierarchical power structures. There are a lot of different ideas that have spawned their own subgenre of anarchy. I personally think some checks and balances combination of unions and community councils is the most likely to succeed. This is anarcho-syndicalism.