"The fear that (under market anarchy) private individuals would replace politicians, overlooks the true causes of state mischief. Unlike feudal monarchs, democratic rulers don’t actually own the resources (including human) that they control. Furthermore, the duration of their rule (and hence control of these resources) is very uncertain. For these reasons, politicians and other government employees do not exercise much care in maintaining the (market) value of the property in their jurisdiction. shareholders of a private company, however, have every interest in choosing personnel and policies to maximize the profitability of the firm.
All the horrors of the State—onerous taxation, police brutality, total war—are not only monstrous, but they’re also grossly inefficient. It would never be profitable for anarchist insurance and legal firms to mimic the policies set by governments." - Robert P. Murphy, ***Chaos Theory*** (2010) p. 24
#AnCap #AnarchoCapitalism #Libertarian #Antistate #Antigovernment #Antidemocracy #Antidemocratic #AustrianEconomics #AustrianSchool #FreeMarket #FreeEnterprise #FreeTrade #Spending #Efficiency #Rothbard #Hoppe #Quotestr