David D. Friedman - Anarchy and Efficient Law Part 1

Well-known anarcho-capitalist thinker David D. Friedman on the subject of "Anarchy and Efficient Law", from the Mises Brasil Austrian Economics seminar. You can find more information about him and his ideas at his website here: http://daviddfriedman.blogspot.com/

NOTE: I do not wish to have extended discussion about this topic in the youtube comment section since it is very difficult to have a real discussion in such a limited space. If you would like to know more about this subject I encourage you to watch whatever parts of these series you deem worthy:
/user/fringeelements#grid/user/5888B138B9A980DB
/user/ForAnEmergentGov#p/p
/watch?v=5K5N-5faEOU
/watch?v=6EVNJHV81UU
/watch?v=ZKx-tOKFzNM

Category:

Nonprofits & Activism

Tags:

• David
• D.
• Friedman
• Anarchy
• Efficient
• Law
• market
• anarcho-capitalism
• free
• capitalism
• Austrian
• Economics
• Mises
• Brasil

[god0fgod]

I don't see how these firms can agree collectively on law while maintaining the interests of society.

[Dabba23]

@god0fgod The interests of society are best secured through a free market, in which firms are directly accountable to their customers. They all have an incentive to agree on a common law because they each benefit from it. I would encourage you to watch this video to understand what I'm saying more: /watch?v=5K5N-5faEOU

[frithar]

Professor looks a lot like his Dad with that haircut. :D I'm sure his Dad was beaming every time he thought of how his son turned out.

[Dabba23]

@frithar Indeed. David isn't quite as charismatic as Milton was, but you can see he got the "wittiness" from his father. I've always thought, to be a fly on the wall during one of their dinner conversations...

[qwertypoiu4321]

@god0fgod Customary Law.

[Mishkafofer]

@Mishkafofer Well you cannot expect that some libertarian philosopher to present only doable ideas. I agree that anarcho-capitalims is a phase. If it was a serious option, than Somalia or Afghanistan would embrace that but they deteriorated to tribalism which in some sense anarchy and private protection (tribal protects its own people), if you find a beauty in that, its mere medieval romanticism to some extent.

[ToxinalX]

@Mishkafofer Sure. But even if lokal politics allowed anarchy, then I still believe that by possibly splitting one state into many different states, that would increase the threat of militant take over because it would be much easier to conquer many small nations than one much larger nation.

[Mishkafofer]

@ToxinalX I realized now that US have Anarcho-Capitalist roots, the US constitution allows bearing of arms and people can create their own militia... Can Anarcho-Capitalist country to exists today? i think for practical reasons it cant, it there are that kind of places, they got bad reputation, such as Afghanistan with tribal rule or Somalia. Sure its bad example, but does it comply with the definition? Anarchy? plenty... Capitalism? well, you can buy yourself cocaine and a slave in Afghanistan

[ToxinalX]

@Mishkafofer Sure it could be cosidered that. And I don't doubt that it could work for some time, but also history shows that they eventually joined together/were forced into becoming part of a much bigger state.

Esentially an anarchy or a night watchman state could, through "moral" people and the spread of "good" ideas (I won't try to define those), be a wonderful place to live ! But I don't believe it would last for very long.

A NWMS, I believe lasts the longest ('though it initiates force)

[Mishkafofer]

@ToxinalX I think you presume that anarchy will create an incentives for Mega-government that will finish the rule of minor groups. I think that the wild west was at some point anarcho-capitalist with local sheriffs protecting their "customer" aka local tax payers and residents.

[ToxinalX]

Anyone or any group who establishes and/or tries to enforce a legal system would, at least in my mind, automatically becomes a sort of goverment. Therefore I would argue anarchy could only exist for a shorter period of time during wich there would be a significant risk for confusion and chaos to emerge.

Could any anarchist please explain to me why I am wrong ? (I would consider myself a classical liberal)

[cosytoesUK]

I share your scepticism of the state. But wouldn't the solution offered just lead to the State Mark II? The type of arbitration referred to sounds an awful like what happened with ICANN's notorious domain names resolution system. The arbitrators showed repeated bias in favour of large vested interests against the individual, with repeat players who were seen as better for business, winning most of their cases, even when their case was clearly very weak.

[100CommonCents]

it's interesting that D friedman is on the 'side' of the austrians. (shouldn't think of it like this, i know)

did his ideas ever clash with his fathers?

[TimothyADonaghue]

What are "interests of society"? There is no collectivist values assumption. @god0fgod