So I’ve been reading libertarian literature lately, which unsurprisingly glorifies the free market as the solution to all of the world’s problems. Some even take this to its extreme and argue that even police and courts should be privatised and replaced with the free market like doctors and dentists. These Libertarians/Anarcho-Capitalists (the water is a bit muddied between them) are quite vague on what would replace the state (like all utopians they spend far more time denouncing the present than describing the future). The general theme is that security would be like insurance, you pay a fee to a company in exchange for protection. This private police would patrol the streets and solve crimes committed against their clients. In order to retain your business, the company will have to provide the best possible service. Competition will keep the companies honest and prevent warlords or gangs from exploiting the opportunity.
However, there is a major problem with this theory. It has never actually happened. Continue reading “Why Anarcho-Capitalist Private Police Would Be A Disaster”