Rolling Thunder said:
Pretty words, but foolish ideas, if you will forgive the aggressive tone. In essence, you are adovacting that the Judicary, Police force, and army be sold off to the highest bidder. In essence, you are advocating we put our safety in the hands of a bunch of mercenaries, thugs and clerks.
There is a big difference between that and allowing these systems to arise from market processes. Those things you say will be in the hands of mercenaries, thugs and clerks currently
are in the hands of mercenaries, thugs and clerks who externalize their costs onto third parties and cannot be made accountable to taxpayers who are prevented from seeking alternatives.
Rolling Thunder said:
1. How do private institutions tend towards equality and efficency? When socialised medicine can provide better quality of care for half the cost, I would argue that the reasoning that the free market is always the most efficent means of resource allocation is an utter fallacy. Because it is.
You are committing the most common economic fallacy- conflating context and causation. It is quite common for both sides of the 'socialism' vs. 'capitalism' thing to point to today's conditions as indicators of free market results. But this is fallacious. Licensing, charter, corporations, limited liability, corporate welfare, monetary inflation, taxation, eminent domain, state provided 'services', government fiat and fiat money etc. etc. etc. make conditions in, say, the United States of America far and away from any theoretical free market, despite what any Republican or Democratic hack may tell you. The government makes policy to ensure that certain industries are cartelized by erecting artificial barriers to entry. The result is, of course, worse quality for more money.
Rolling Thunder said:
2. So....what is there to stop, say, a business owner, from hiring a band of thugs from burning down the premises and murdering the staff of another business owner? And if you were to answer 'the thugs the second business owner hired', then might I ask: What is to stop him from simply hiring far more thugs?
People choose peaceful arbitration because violence is risky and unprofitable. The government not only does not solve that problem, it institutionalizes the violence and makes it profitable by externalizing costs onto third parties. Besides, people do not refrain from violence only because it is 'against the law.' WMDs do not arise from a free market. It takes an organization which can externalize costs onto third parties to makes such horrific waste of time worthwhile. What you are doing is setting up a 'doomsday' scenario, but I should point out that a state cannot survive such a scenario, either.
Rolling Thunder said:
3. So, if I am a rich man, and I contest a matter with a poor man by means of the courts, rather than, say, by means of an armed thug, I can simply pay for the decision to go my way?
Again, that is the system we live under now. A competitive third party arbitrator would, presumably, have to maintain a reputation of fairness in comparison to other arbitrators. This would prevent abuse. Our current monopolized system has no such correcting mechanism and as a result is riddled with abuse. Private regulation industries are often outlawed just to allow this abuse to continue.
Rolling Thunder said:
4. You do realise that this is, in essence, feudalism? Rich men have power, armies and law on their side. Poor men have nothing. Rich men extort money from poor men. The supreme irony of this is that this is the starting point for government. And you are advocating a return to it.
Rich men have the power, armies and law on their side
now. Rich men extort money from poor men
now. Feudalism was a heavily statist system- this should be obvious. What I advocate is another step away, toward civilization and equality of rights.
Rolling Thunder said:
5. This is why Libertarianism is regarded as an utter joke.
6. How many economists support this? How many business owners?
Argumentum ad populum is no argument.