Minyin Bison

[M.Bison]

Originally Posted by Hasbinbad [You must be logged in to view images. Log in or Register.]

As far as the gobbledy**** in that url, it is my opinion that people like your man tend to fixate on the ideal and trend away from talking about reality. The description he would have you believe is of late 1940's - mid 1950's small business as the dominant economic force, and seems to ignore the fact that the economy is now dominated by dividends rather than providing a good or service.

Ill agree with you that Friedman's model tends to relate to a small business driven market. But consider this, in the model, there are no state provided law enforcement. There would be a demand for a service(or "goods") that provided protection. Im sure I dont have to tell you that in any free market system(or black market), once there is a demand, supply will follow. If any one agency was guided purely by dividends rather than the service they provided, its customers would simply cease to use said agency, and it would decay. Conversely if an agency was driven to provide the best service it can, at the lowest possible cost, it would flourish.