You can read this one

I don't know what inspired these two posts, but if you're a Libertarian (note the capital "L") you should read them.

Why Anarcho-Capitalism is a Pipe Dream

Three simple words: advantages of scale. Or here's another way of putting it:

  • Q: what do you call a private security company that's so big it can afford to build stealth bombers, supersonic cruise missiles, nuclear-powered aircraft carriers and intercontinental ballistic missiles?
  • A: A government!

All the firearms* in the world won't do anything to preserve one's liberty in the face of such weaponry and an organization ruthless enough** to make full use of it if need be.

and more succinctly (and completely):

Anarcho-Capitalism in Historical Perspective

It seems obvious to me at least that were anarcho-capitalists ever to attain their daydream of abolishing government in its entirety, we'd quickly end up back in the not so good old days of feuding clans and warlords; but this is just what Europe took more than a thousand years to escape from after the collapse of the Western Roman Empire, and even as well-established a state as France was only able to tame its "over mighty subjects" in the middle of the 17th century. What point would there be in giving up everything that has been so slowly and painfully gained in order to embrace a new feudalism? What new and wonderful freedoms would this hypothetical new dawn promise, to justify taking such a step?

(You may notice I do NOT piss off Abiola on the intellectual tip)

Posted by Prometheus 6 on July 26, 2004 - 12:41pm :: Economics