Let’s unpack this a bit. The etymology of the term traces back to the Greek word “anarkhia”, which means “without rulers” or “without authority”. It stands for the absence of domination, hierarchy and power over others.
Anarchism is a process whereby authority and domination is being
replaced with non-hierarchical, horizontal structures, with voluntary associations between human beings. It is a form of social organization with a set of key principles, such as self-organization, voluntary association, freedom, autonomy, solidarity, direct democracy, egalitarianism and mutual aid.
Based on these principles and values, anarchism rejects both a capitalist
economy and a nation state that is governed by means of a representative democracy. It is a utopian project that aspires to combine the best parts of liberalism with the best parts of communism.
At its heart is a mix of the liberal emphasis on individual freedom and
the communist emphasis on an equal society. I particularly like the definition of Cindy Milstein about anarchism being a “free society of free individuals”.