The picture of a benign South-South alliance that challenges the neoliberal global North fails to understand the way in which all economies have an impetus to accumulate and are linked by and locked into a process of competitive accumulation. When competition is placed at the centre of analysis a more complex picture of South-South relations emerges.
Posted on November 13, by Scott Alexander I. Medieval Icelandic crime victims would sell the right to pursue a perpetrator to the highest bidder.
Somali judges compete on the free market; those who give bad verdicts get a reputation that drives away future customers. Law is a public good. If you steal my gold, I have some interest in catching you and taking it back, but no more than I do in catching some other poor shmuck and taking his gold.
This is the classic situation where economists usually recommend government intervention. Maybe you live in an area like Somalia or medieval Ireland without a strong centralized government. Gypsies living scattered in foreign countries have generally wanted to run their own communities by their own rules.
But something does stop them from trying to enforce them: So the Vlach Rom — Romanian Gypsies — organize courts called kris which enforce their sentences with threat of banishment from the community. Kris courts can declare the worst offenders polluted, ensuring their speedy ostracization from Gypsy society.
And since non-Gypsies are polluted by default, the possibility of ostracism and forced integration into non-Gypsy society will seem intolerable: The effectiveness of that threat [of ostracism] depends on how easily the exiled gypsy can function outside of his community.
It follows that they are all polluted, unclean, carriers of a contagious disease, people whom no Rom in his right mind would willingly choose to associate with; when and if such association is unavoidable it must be taken with great care.
The gypsy view of gaije, reinforced by the gaije view of gypsies as uneducated and illiterate thieves and swindlers, eliminates the exit option and so empowers the kris to enforce gypsy law by the threat of exclusion from the only tolerable human society.
Amish also live under the authority of a foreign culture and have settled on a similar system, with a twist.
The basic unit of Amish society is the church congregation; Amish settlements big enough to support multiple churches will have many congregations mixed together. Amish congregations are nominally democratic, but in practice Friedman calls them dictatorship-like because everyone votes the way the bishop wants.
This makes it a rare remaining example of a polycentric legal system outside anarcho-capitalist fantasies or Too Like The Lightning: Such a system can be viewed as a competitive market for legal rules, constrained, like other competitive markets, to produce about the product that the customers want.
Competitive dictatorship is the mechanism we routinely use to control hotels and restaurants; the customers have no vote on what color the walls are painted or what is on the menu, but an absolute vote on which one they patronize. They do encounter the same problem as the Gypsies: The Amish have some internal mechanisms to prevent this: Of course, you can still leave the Amish community and go join broader American society.
But have you seen broader American society? There were no public prosecutors; anyone who felt like it could bring a criminal to court and start prosecuting him, but if nobody felt like it then the crime remained unpunished. Prosecuting took a lot of time and money and was generally a thankless task.
The exotic anarcho-capitalist part comes in as English civil society creates its own structures to work around these limitations. Merchants, landowners, and other people with wealth banded together in mutual-protection-insurance-groups. Everyone in the group would pay a fixed amount yearly, and if one of them got robbed the group would use the money to hire a prosecutor to try the criminal.
Group members would publish their names in the newspaper to help inform thieves whom it was a bad idea to rob. Once a trial was underway, prosecutors would usually cut a deal: The size of the bribe would vary based on how much the offender could pay, the extent of their crime, and the facts of the case and therefore the likelihood of the magistrate choosing hanging vs.
This not only helped tailor the punishment more precisely to the crime, but helped defer the cost of prosecution: What both modern and contemporary commentators seem to have missed is that, however corrupt such arrangements might be from a legal standpoint, they helped solve the fundamental problem of private prosecution.1.
Foreword by David Cameron, Prime Minister of the United Kingdom. Corruption is the cancer at the heart of so many of our problems in the world today. And if anyone can figure out decent ways for a Robin-Hanson-ian em-clan to put together a similar sort of internal legal system for its members, and can describe how cultural-evolutionary pressures would lead em-clans to tend towards any particular systemic details, I would love to read about it.
The gradual dissolution of those institutions inevitably creates conditions under which capitalism finds it increasingly difficult to thrive. Moreover, it is the dissolution of this vital social framework that increasingly leads society to favour socialist ideas and practices.
UK as a Strong Liberal Democracy - UK as a Strong Liberal Democracy A liberal democracy is a representative system with some of the same characteristics as a representative democracy as it has free elections and decisions are made based on popular command.
In France, John Baptist Say has the merit of producing a very superior work on the subject of Political Economy. His arrangement is luminous, ideas clear, style perspicuous, and the whole subject brought within half the volume of [Adam] Smith's work.
What is Capitalism? The economic system in which we live is capitalism. Under this system the means of production are predominantly privately owned; the capitalists operate their factories, banks and offices, mines, forest operations, transport and service industries in order to extract profits.