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Busting Monopolies with Markets and Competition | Steven Zeiler
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Steven Zeiler gave an inspiring speech today at the "Future of Politics" Conference in Oakland, California. He shared three commonly overlooked areas where introducing competition is improving people's lives: Police, Courts, and Law. These industries are monopolies today, but that is changing thanks to courageous entrepreneurs like Dale Brown of the Detroit-based Threat Management Center. Individuals and businesses are using independent arbitration agencies instead of coercive courts. Even law itself is being replaced by mutually agreeable contracts among multiple parties. Thanks to the internet, instant communication and new ways to exchange value across long distances are possible. Old monopolies are failing, and non-coercive institutions are taking their place.
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