Anarcho-communism,also referred to as anarchist communism, communist anarchism, free communismand libertarian communism, is a political philosophy and anarchist school of thought which advocates the abolition of the state, capitalism, wage labour and private property (while retaining respect for personal property, along with collectively-owned items, goods and services) in favor of common ownership of the means of production,direct democracy, and a horizontal network of workers’ councils with production and consumption based on the guiding principle: “From each according to his ability, to each according to his needs”.Some forms of anarcho-communism such as insurrectionary anarchism are strongly influenced by egoism and radical individualism, believing anarcho-communism to be the best social system for the realization of individual freedom.Most anarcho-communists view anarcho-communism as a way of reconciling the opposition between the individual and society.