Signal Intelligence About The LP

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Friday, April 10, 2009

A Poster Child For Anarchist Market Failure

So Somalia is an example not only of the failure of anarchist protection
markets (rampant piracy), but it also exhibits negative externalities
(pollution dumping) and tragedy of the commons (over-fishing). Now we
just need to hear about the natural-monopoly problems (cf. streets,
pipes, wires) that surely obtain there, and Somalia will be the official
poster child for anarchist market failure.


Chuck Moulton said...

See Ben Powell's paper on stateless Somolia:

Erik Geib said...

Reason actually has a rather well-written article on the supposedness of this claim: