This system of carefully organized hierarchy-based violence, we call "capitalism".
Free market capitalism has nothing to do with violence, at least not the initiation of violence.
Capitalism doesn't work, thats why he used quotations. Nothing that gets centralized over time does. What we have now can best be described as a crony plotocracy.
If you want proof, take a close look at the BitLicense
Free market capitalism most certainly does work. We'll have a much better world when the crony plutocracy is replaced with capitalism.