But Wouldn’t Warlords Take Over? | Mises Institute

On two separate occasions in the last couple of weeks, people have asked me a familiar question: “In a system of ‘anarcho-capitalism’ or the free-market order, wouldn’t society degenerate into constant battles between private warlords?” Unfortunately I didn’t give adequate answers at the times, but I hope in this article to prove the adage that later is better than never.

Source: But Wouldn’t Warlords Take Over? | Mises Institute