Good post, and I approached this guy with the insurance company solution. This eventually (don’t exactly remember how) led to a discussion about how the guy thinks that states arising is inevitable in the Hobbesian state of nature. Different question, I guess.
I don’t know much about those governments. I would say it was different because people can choose the DRO that manage the contracts held between the city and the tenant. I don’t that is the case in Danzig. But it would be a principality, but the Prince wouldn’t be allowed to just kick you out, or cut off your head, or take all your shit. Why? Because if he does he will face the financial wrath of a DRO who could make him miserable.
Even then, I think I would prefer normal statist principalities to democracy.
Yep, much like the economy of scale. In the end we both agreed that what I was proposing was unprecedented, and we agreed that it may be possible for the market to completely self regulate, but we just don’t know.
Bob Murphy’s take in Chaos Theory is that product safety would be taken care of via contracts and insurance.
If I wanted to be sure that the airline I was flying on was safe, I would make sure that when I buy a ticket, I also get a contractual pledge from the airline that if I die because of a plane crash, the airline must pay my family $y million dollars.
Insurance companies would have to underwrite these pledges, so they would require strict safety standards.
Basically through this argument you come full circle to create institutions that impose their will onto others. Instead of calling them governing agencies they will be “consumer insurance agencies”. For profit industry will still create inefficiencies by attempting to create a situation favorable to them. E.G the oil industry attempting to continue oil dependence in the world.
Is it just me or do socialists and capitalists in their quest for a utopian socialized/capitalistic economy advocate the exact same thing using different terminology.?
The difference is the voluntary aspect of the capitalist proposals. Even though it may be next to impossible to do any business without insurance in the ancap ideal, you still have the option off opting out of exchange, and surviving via subsistence and localized barter, which is all I’d really like to do anyways.