Laissez-faire capitalism

Could conflict among “competing governments” be taken care of by treaties? Treaties?–enforced by whom? I once asked Ayn Rand about the feasibility of such treaties between sovereign “competing governments.” She looked at me grimly and said, “You mean like at the U.N.?”

(…)

Economic competition presupposes a free market. A free market cannot exist until after force has been barred. That means objective law, backed up by a government. To say it can be backed up by “competing” force-wielders is circular. There is no competition until there is a free market, and some agency has to protect its condition as a free market by the use of retaliatory force.

vía Sorry Libertarian Anarchists, Capitalism Requires Government – Forbes.

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