Which are better, ovens or chainsaws? In terms of what criteria are we judging one or the other to be better? Better for what? Do we mean better for baking pies or better for cutting lumber?
Likewise, in order to settle the dispute between anarcho-capitalism and minarchism__*__, we must first decide what criteria we will use to judge which is better. What is the ultimate good which we are trying to achieve?
*(Note: I am using “minarchy” to denote a government whose sole function is to protect the property of citizens from internal and external aggression, and wherein there is a universally recognized right of succession, including individual succession. In other words, this is not a state: but rather a kind of firm, or club, membership in which is purely voluntary. This is a stateless society, but with a monocentric legal system. It is monopolistic in fact, though not in law; i.e. there are no barriers to entry.)
To my mind, the purpose of each system is to achieve a world in which property rights are respected to the maximum possible extent. Either system, minarchy or anarcho-capitalism, would at the moment of its inception satisfy that criterion equally successfully (ex definitio).
The basic impulse behind anarcho-capitalism is the idea that a minarchist government of the sort described above (or even more so: a minarchist State) would devolve into a State, which would then become progressively more interventionist, until property rights were severely threatened. The value of polycentric law (and/or security)* is thought to be that consumers can escape a firm which becomes oppressive, or simply inefficient, turning to a rival firm, such that the oppressive/inefficient firm (unable to externalize its costs) goes bankrupt.
*(Note: For my part, I am not questioning the viability of polycentric security per se, which I believe can operate viably within the framework of a monocentric legal order. Therefore, as far as I’m concerned, the crux of the matter is the debate between polycentric and monocentric law.)
The impulse behind the minarchist critique of anarcho-capitalism is the idea that polycentric law (and/or security) is inherently unstable and unsustainable, and would devolve into a State, which would then become progressively more interventionist, etc.
I think the criterion by which we can rationally compare the value of each system is now obvious. Both systems will at their inception satisfy both parties, but the parties disagree about which system is a surer protection against the (re)emergence of the State over time.
Minarchists (of my stripe anyway) must demonstrate why the emergence of the State is less likely given minarchy than given anarcho-capitalism. And anarcho-capitalists must demonstrate the inverse. I’ll call this tendency of a social order to be impervious to the emergence of a State “sustainability.”
I’ll be presenting my own minarchist (as defined above, i.e. stateless monocentric law) theory at some point, but I thought it might be useful to first have this discussion. Does anyone disagree with what I’ve stated above? Is sustainability the proper criterion for success in the debate between minarchy and anarcho-capitalism? Should the libertarian system (i.e. a system wherein property rights are protected without exception) which is most sustainable be judged the best? Or are there some other criteria we should worry about?
This is my first post here at Mises Forums, by the way. So, hello everyone.