Chapter
The Difference Between Anarchy and the State
1:46:34 - 1:51:35 (05:01)
The price of goods is determined by the buyer in a market economy, not the seller. As businesses providing necessary services become more successful, they begin to resemble the state, with elected officials and leadership.
Clips
The buyer ultimately determines the price, even if the seller puts any price tag they want.
1:46:34 - 1:51:35 (05:01)
Anarchy
Summary
The buyer ultimately determines the price, even if the seller puts any price tag they want. As successful security companies and insurance services start resembling the state with elected leadership and funded by citizens, the question remains whether anarchy or the state is the better option.