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It's the Libertarian pro-market bend here, it's what you get when you replace the legal framework of the state with a market system. In a regular Western democr
by HarryHirsch 9y ago
It's the Libertarian pro-market bend here, it's what you get when you replace the legal framework of the state with a market system. In a regular Western democracy if someone cheats you you can seek redress through the court system. You can't do that in the trust market, if you didn't do diligence on your opponent it's your own fault.
Kind of like in the Mafia, a war of all against all. Me against my brothers. Me and my brothers against my cousins. Me and my brothers and cousins against the world.
- BjoernKW 9y agoIf the other party did something illegal or broke a contract you most certainly have legal recourse. The problem with intermediaries like these is that there's an inherent power differential. So, while technically they might not be doing anything illegal they're able to squeeze you. The best way to deal with this - if possible - is to not get yourself into a situation like that in the first place. Another way is to make new laws (or create common law precedents depending on the legal system) that address issues that arise with these models. After all, that's how labour laws came into being as there was a huge power differential between early industrial workers, specifically day labourers, and their employers.