Recently, Liberty Movement icon Tom Woods had an interview with his friend Bob Murphy. Bob Murphy is a well known Austrian and also a Christian AnCap. This article highlights my favorite points of the discussion.
First, here is the interview:
My favorite points:
- Private courts already exist and work well. They are quicker and cheaper than other courts. Courts in a free market would compete for customers by being better in various ways and they are already doing this.
- People would agree to private law in advance, as they do with renting cars and lease agreements today. This way, there is rarely or never an issue of finding a court they will agree to after an issue occurs. These preemptive arrangements might resemble insurance contracts, or might even be merged with complex insurance contracts.
- Implied consent could work in the private market, perhaps in conjunction with land property, and could lead to strong crime enforcement without adversarial processes.
- Profit opportunities would create market pressure toward cheap and effective law creation, adjudication and enforcement.
For more information on Bob Murphy, visit his website here.
For more information on anarchism, visit the anarchism subsection of my Other Page.