Embraces polycentric law. Competing private courts would uphold rights through reputation, unlike state monopolies favoring the powerful.
Discussion
How to decide which court to judge a dispute? I assume both parties would want their own court that is in favor of them.
Agreed upon in the contract.
I see. There's indeed a valuable point. It limits the applicability to mutual contracts, however.
I was thinking of cases without contract. Accidents, violation of property rights, children's rights, etc. There is still a need for a central law. And law enforcement. Or do you have ideas for that as well?