The Case For Anarcho-Capitalism with David Friedman


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David Friedman (, economist and author, joins Erik on this episode. He is the son of Milton Friedman and the father of former guest, Patri Friedman. They cover a lot of ground in this episode, including: - The rationale for privatizing government and the failures of the existing system. - What it would look like to have a fully privatized government, including how a private substitute for police and defense would work. - Why he is not a utilitarian and the framework he uses to figure out what is right and wrong. - How he would approach collective-action problems like global warming and nuclear proliferation. - His perspective on inequality and his explanation for why people look to relative measures of affluence rather than absolute measures. - How you would deal with punishment and criminals in a market-based society. - And much more, including Glen Weyl’s Radical Markets, Tyler Cowen’s Stubborn Attachments, fake news, ISAs and restorative justice. Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at or get in touch with us on Twitter @villageglobal. Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.

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