Another Free Market Method to Enforce Property Rights

Economics Political Theory
1

Bounties. From the Wikipedia article about Jesse James:

Crittenden had made capture of the James brothers his top priority; in his inaugural address he declared that no political motives could be allowed to keep them from justice. Barred by law from offering a sufficiently large reward, he had turned to the railroad and express corporations to put up a $5,000 bounty for each of them.

Though this isn’t a perfect free market example, it shows that capturing serial murderers, master thiefs, etc. could be rather efficient in a market system where businesses are allowed to place bounties on aggressors.

2

i guess to the extent that the innocent would have recourse against bountiers it probably is a workable system.

3

If Mosad uses bounties as one of its primary weapons in getting whoever they want to get, it’s cery6ainly effici3ent enough. And than again, the anarchic US frontier (“wild west”) made generous use of ‘em, so again they must be good enough.

4

It’s all very well if you know who committed the crime.

It’s not as though the state is perfect when it comes to deciding that question.