I guess first, I am wondering if anyone could recommend books on how laws would be formed in a free/libertarian society, like what Rothbard proposes.
It seems like arbitrators would act like special interests and you’d be purchasing the law that applies to you.
I just read New Liberty and The section on courts and laws got me asking a few questions. basically, what’ to prevent arbitrators from catering to immoral people if it is purely governed by supply and demand? Wouldn’t it create a system that criminals will seek out arbitrators that have a track record of finding people innocent of crimes? Since it’s supply/demand driven, these shady arbitrators would be expensive, because i am sure people would boycott their use. So it would be expensive, and then only rich criminals would get the benefit.