So then, would it be a mandatory tax for all in exchange for protection? Isn't that a government? Which company would get the money?
Otherwise, would you pay COD. I can see it now.
"uh, security corp. there uh, killin and raping my family, please come help."
"Ok sir, how do you plan to pay for our services."
"Uh, I'll give you three beaver pelts and five pound of rice."
Which company? Whichever one you choose. Multiple companies would exist in competition.
You don't even have to choose any, which means that it's not mandatory; if you find that it is safer to not support (and be defended by) a power-hungry company rather than it is to support a power-hungry company, than you will not support it, and instead, you would be willing to pay for a company that you could trust. Since that demand would exist, most likely by many people who wanted safe protection, companies would arise to fill that demand, because people are greedy.
No "system" is perfect and infalliable, and to compare it to a utopia is folly. It simply would be better than the current system in place.
Lightbulbsun, I've heard that interesting tidbit that Obama threw out there. In what way, exactly, did deregulation cause the financial mess? What deregulation, specifically, caused the current crisis?
Drankin, no system has "worked" so far, so if any system could "work", it would have happened so far. And no, our representative republic has not worked.
A better question is, why should the market NOT run the show? What will allowing the market to run its own course cause? The market is a self-improving process, as would be shown if it were simply allowed to run. The market would recover, businesses would spring up that (if deregulation did cause the failure) would not make the same mistakes, and life would continue.
Hm, in response to the last point, let me ask a question; what protects people from the government they institute? What protects us from our government? If governments are suddenly destroyed, yes, there are power holes, which people will immediately try to fill with themselves out of greed.