Um no if the company President running the police force decided to start using that police force for tyrannical means the people would have the right to simply not continue to pay for that companies services, if that President attempted to compel payment he would be in violation of the non-aggression principle, the individuals right to self ownership, and most likely in violation of the voluntary contractual agreement entered into between the security company and the individual who opted to use its services.And worse than its a dictatorship as a company president is not answerable to the people that he's enforcing these laws over.
Yes private institutions can set up their own currency and have it recognized as being legitamate by a great number of enterprises. You just have to ensure that those you are trading with recognize that unit of currency.This too can be done with private banks, it used to be that in this country banks would print their own paper currency, currency used to simply be a receipt to be used to reclaim the gold held by the bank but now we have what is known as a fiat currency in which the currency isn't really worth the paper its printed on:
(See Rothbard and Free banking - Wikipedia, the free encyclopedia)
I don't see why a private arbiter as we currently have already would be any less efficient, in fact I can see reasons why it would be more efficient as the private sector is almost always more efficient than government bureaucracies.
Enforcement, and jurisdiction issues.
If enterprise A ripped off enterprise B, how will a private arbiter enforce its decision, and underr what jurisdiction will it be enforceable. Will private "security" companies be hired to enforce the decisions? What would prevent enterprise A from hiring its own to prevent the decision of the private arbiter from being enforced
As I said capitalism would exist without government, but the government will provide services that will make capitalism more productive when provided by a common universal system.
Conservatives believe the government is incompetent, and seek to elect people who will prove it
Ignorance is Bliss Bliss is the same as happiness US Christian conservatives are the happiest in the US according to studies Do you see a connection?
Actually they would because the individual upon seeing a demand for said roads would build them at his own expense and charge tolls for their use.Secondly the lumber company is unlikely to build roads that do not directly benifit it. Meaning roads from the mine to the market would not be built, or from the farms etc would not be built by the lumber company.
And then another company would move in, build their own roads and undercut the lumber company. As in other markets competition would drive costs down.The lumber company may also (most likely would) prevent other enterprises from using its road network, without rather high tolls being charged
Which is why the Gold Standard or a modern equivalent would have to be implemented, I would assert that a good alternative to what I perceive as a useless chunk of rare metal would better be replaced by say an energy standard.Yes private institutions can set up their own currency and have it recognized as being legitamate by a great number of enterprises. You just have to ensure that those you are trading with recognize that unit of currency.
Well first of all the greatest enforcement mechanism would be enterprise A's reputation in that once it was learned how enterprise A does business other enterprises would naturally no longer want to enter into contracts with them and enterprise A would go out of business in due course.Enforcement, and jurisdiction issues.
If enterprise A ripped off enterprise B, how will a private arbiter enforce its decision, and underr what jurisdiction will it be enforceable.
Because company A's security company would not want to have damage done to their reputation. Moreover, a collective of enterprises could come together and agree to no longer do business with company A until their financial obligations are met to company B.Will private "security" companies be hired to enforce the decisions? What would prevent enterprise A from hiring its own to prevent the decision of the private arbiter from being enforced