3 ms·
> Contracts can be (and are) made in the absence of government-enforced contract law all the time. The parties to the contract simply develop their own mechanis
by jakelazaroff 8y ago
> Contracts can be (and are) made in the absence of government-enforced contract law all the time. The parties to the contract simply develop their own mechanisms for enforcement (which can range from social pressure to outright violence).
Agreed, but monopolies are also not uncommon under such conditions. Drug dealers have "turf", for example.