No, because you have no mechanism that guards against a cartel in the end. The control function you assume rests on self-interest in making money, but that can be bought with money.
Your idea is noble. We should all act to the benefit of us all by acting in our own interest. It will not work, because humans don't function that way in practice. If it was the case, we would already be there, because then nobody would act against the benefit of us, but that is not how evolution works in humans.
Hi. Not sure if I’m really gonna answer the questions you raised with your replies, but here goes.
So, after some thought, I think we have to agree to disagree
I believe in the free market and it’s regulating power. Most people do not. I’ll leave you with a 5 minute clip of a lecture by Murray Rothbard (founder of anarcho capitalism). He discusses Cartels in a free market. He goes over the post civil war America, which was a rather free market. He talks about the business cartels that were formed. Worth the five minutes I think, but I’ll let you be the judge of that.
I misplaced my book lol! Gotta rebuy it.
Doesn’t government regulation allow for cartels to be formed?
Corporations give politicians money for a reason, right? It is so they can use the arm of the government for their own selfish interests.
you say there is not regulating mechanism to protect the people in ancapistan. I ask that you evaluate the government regulating mechanisms and ask if it is in the interest of the people or for large companies. Government will of course say it’s for consumer safety. Ancaps say the free market would be better for consumers all around, as it is self regulating. When we look at government armies, do they act in the interest of people? They can. But often times, a government (Like the GOOD OL’ USA) will use their armies against weaker countries for resource acquisition. Who protects those people from government armies? The concerns you raise are already happening in the system of government.
Minimum wage alone is an extremely effective government system. Effective in helping large corporations beat out new competitors.
Side bar, since I’m on the topic. Minimum wage in the US of A was created to keep “undesirables” (colored folk, for example) out of the work force. This is documented and well researched. Allow me to quote president Woodrow Wilson’s commissioner of Labor.
"It is much better to enact a minimum-wage law, even if it deprives these unfortunates of work. Better that the state should support the inefficient wholly and prevent the multiplication of the breed than subsidize incompetence and unthrift, enabling them to bring forth more of their kind."
source:
Review on JSTOR
Well, I guess the point is I see the government as an elitist group of eugenicists. This is well documented. Eugenics used to be openly accepted among the politicians and like people until the Nazis ruined it’s reputation.
Just, I ask you to be as skeptical of government as you are ancapistan. Ancapistan is all theory, but with government, there are examples of government unfairly supporting certain businesses over others. Among other things.
Government allows for the creation of monopolies and cartels, in my opinion.
We are not there in Ancapistan yet not because it is impossible, but rather, there are too many sociopaths in political positions, who’s aim it is to control the general population. But that’s just my opinion after going down the rabbit hole.
Ok that’s all