Anarcho-Capitalism: Is it a worthwhile goal?

Anarcho-Capitalism is the idea of destroying Statism and boundaries and letting capitalism flow. The idea is that people will band together in communities and trade and what not through there. That currencies will be self-regulating and worker rights will happen out of capital, and would not need legislation.

Is this possible? The Commonwealth of Iceland can give us a dabble into the possibilities. While it did have a State and government, it was VERY laissez-faire, and the courts held very minimal power. There was no president, and no Congress. It had regional leaders, that you chose, and the country went nearly three centuries like this.

Was Iceland's fall poor economics, or how about capitalism greed? Not quite. Iceland's fall was it did not have enough capital in comparison to the bigger and wealthier Norway. The King of Norway wnated to vassalize Iceland so he sent a family member with more wealth than anyone in Iceland could make on their own. This family member would cause a series of civil wars and drive the country into chaos and force them to become Norway's newest vassal.

So, it comes from an impossibility, to being a quesiton. Can it work? I believe so. After learning about Hoppe's argumentation ethics, reading essays by Bastiat, Rothbard and Mises, I can see the rationality in a state-less society.

If you want to think that 19th century America is an example of why capitalism won't work, then you probably do not understand the fundementals of economics. Children worked long hours, but because the economy required it and their families did as well. If the labor laws that are in place today, were in place then, those families wouldn't have made it by. So, is that the fault of capitalism or that the economy doesn't have the wealth or technology to have a higher standard of living?