Today's reading comes from Dr. Murphy's own book, Chaos Theory, also available for free on mises.org.
This week's reading is the first part, Private Law. The second part, Private Defense, comes next week.
http://mises.org/books/chaostheory.pdf
Here's a small taste:
“Won’t the Mafia take over?”
It is paradoxical that the fear of rule by organized crime families
causes people to support the State, which is the most “organized”
and criminal association in human history. Even if it were true that
under market anarchy, people had to pay protection money and
occasionally get whacked, this would be a drop in the bucket compared
to the taxation and wartime deaths caused by governments.
But even this concedes too much. For the mob derives its strength
from government, not the free market. All of the businesses traditionally
associated with organized crime—gambling, prostitution,
loan sharking, drug dealing—are prohibited or heavily regulated
by the State.16 In market anarchy, true professionals would drive
out such unscrupulous competitors.
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SmartMuffin - Because anything less would be uncivilized - http://img.imgcake.com/smartmuffin/barkleyjpgde.jpg
http://dudewheresmyfreedom.com/