4 ms·
In addition to the other informative responses, negotiations "rely on the monopoly that the state provides" in nearly all contractual negotiations that take pla
by _jal 9y ago
In addition to the other informative responses, negotiations "rely on the monopoly that the state provides" in nearly all contractual negotiations that take place[1]. Aside from baselines like enforcement, the state dictates tons of terms that must or must not be contractually binding that vary heavily depending on sector.
Your complaint seems to reduce to the existence of the modern state.
[1] Black markets obviously have their own mechanisms.