The Market for Liberty

In keeping with radical free-market principles, the book is skeptical about the potential for violent anarcho-capitalist revolution to bring about good outcomes.

[2] Chapter 1, If We Don't Know Where We're Going..., notes the growing dissatisfaction among youth, the many problems society faces, and the need for a clear goal rather than just an adversary (e.g. the state).

It contends that if the present system is brought crashing down without valid ideas having been disseminated about how society can function without governmental rule, people will demand a strong leader, and a Hitler will rise to answer their plea.

Chapter 5, A Free and Healthy Economy, begins by noting the difficulties people have in picturing a society radically different from their own.

It concludes that poverty would be better addressed by a laissez-faire society for many reasons, including the fact that unemployment is caused by the government, that untaxed businesses would have more profits to reinvest in productivity-enhancing technology, that private charities are more efficient than government, that parents would be more likely to avoid having excess children in the absence of social safety nets, etc.

The chapter argues that the quality of health care could be more efficiently kept at an adequate level through reputation, standards instituted by insurance companies, etc.

It argues that it should be possible to claim ownership over the ocean floor, the surface of other planets, corridors of airspace, radio wavelengths, and so on, by being the first to occupy them or otherwise clearly stake out territory.

It contrasts the police with private defense agencies, which would focus on preventing aggression and whose officers would lack immunity for any offenses they might commit.

It further states that when an offender could not pay the restitution for a crime in his lifetime, the additional expenses could be paid by the insurance company.

It would put itself at risk of retaliation and would lead its customers to fear that, in the event of a falling-out, it would turn its aggressive force against them.

It also argues that government judges have no market signals to guide their decisions, in contrast to free-market arbiters, who have profit and loss as a built-in correction mechanism.

It notes that the ability of aggression insurers to pay claims would be enhanced by the limited damage resulting from the fact that foreign aggressors would need to use conventional warfare in wars of conquest to avoid destroying the property and slaves they seek to gain.

Chapter 15, From Government to Laissez Faire, argues that first and foremost, the economy should be provided with media of exchange to replace the dollar.

It argues against disposing of public property at auction, since bureaucrats would figure out ways to divert the proceeds into their own pockets, and the system would be biased toward the rich, many of whom obtained their wealth through political pull.

Chapter 16, The Force Which Shapes the World, argues that it is immoral to destroy the private property or life of an individual who has not aggressed against one.

Because of the people's desire for a leader to get them out of chaos, the chapter opines that a violent revolution would pave the way for a new Hitler.

This chapter calls for people to share ideas related to freedom, which can eventually lead to widespread non-cooperation with government.

According to the Ludwig von Mises Institute, it was written just following a period of intense study of the writings of both Ayn Rand and Murray Rothbard.