The Private Production of Defense

Tags: Private Property, Free Markets

06/15/1999 Essays in Political Economy Hans-Hermann Hoppe

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Among the most popular and consequential beliefs of our age is the belief in collective security. Nothing less significant than the legitimacy of the modern state rests on this belief. And yet, the idea of a collective security is a myth that provides no justification for the modern state. Private-property owners, cooperation based on the division of labor, and market competition can and should provide defense from aggression.

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