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- Dec 14, 2008
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It would actually, entire communities would hire these private security firms just as many communities today hire private security for gated communities, the free rider problem would be worked out through dominant assurance contracts.
He would still have liability the same as if your brakes fail and you accidently ram into the car in front of you you still assume liability.
He would still be protected by the security firms which were hired through dominant assurance contracts to police the community. He would technically be a free rider but again the free rider problem would be solved through dominant assurance contracts.
Then he'll have to find another means of transportation. FYI we already have toll roads in this country, except the money goes to the state and the citizenry still had to pay the taxes to build the road in the first place not to mention they are paying for roads that they have not and may never even use.
Actually we didn't have an advanced market economy in the 1800's so if anything it has a better chance of working.
This is why I never could stand the libertarian party. Unrealistic expectations.
And then they wonder why they are seen as a joke by the other parties.
It can't work in our society, and it never will or happen. It is fantasy.