I'm working on making it a thing, but my theory is that power can't be destroyed, merely transferred, and in most cases I'd rather have the power be vested in a democratic government.
I'm working on making it a thing, but my theory is that power can't be destroyed, merely transferred, and in most cases I'd rather have the power be vested in a democratic government.
Suppose an asteroid strikes the Earth and all human life becomes extinct. What power, specifically, has been transferred, and to where?
If a tree falls and no human hears it did it make a noise?
The best option is it being decentralized and diffuse and operating through market mechanisms.
If that leads to bad outcomes, then government is a next best choice.
(Of course, all the special cases, natural monopoly, etc etc etc-- government has a role in addressing the bad outcomes associated with those).