In effect, with the establishment of a judicial monopoly all private property becomes essentially fiat property, i.e., State-granted private property. Private property is only provisionally private and left under private control, i.e., only until some State-made law or regulation does not decree otherwise, thus creating an environment of permanent legal uncertainty and causing an increase in the social rate of time-preference.

Let me term this process that is set in motion with the institution of a State: the progressive deviation from a natural order and system of justice and the increasing erosion of all private property rights and corresponding growth of the legislative and regulatory powers of the State, the process of de-civilization.

Hans Herman Hoppe