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The plan seems to hinge on people and companies caring very much about reputational harm. I'll... leave judging the soundness of that plan as an exercise for t

The plan seems to hinge on people and companies caring very much about reputational harm. I'll... leave judging the soundness of that plan as an exercise for the reader.

dsr_ 5y ago
It may have seemed more reasonable in 1973 than it would in, say, 2019.
wyager 5y ago
It has approximately nothing to do with reputational harm. The plausible end result of violating the law is either that you have to accept the result of arbitration or you end up getting shot - essentially the same as today, except you have a lot more flexibility in picking arbitration rules.
- handrous 5y ago
  The Machinery of Freedom's system doesn't rely on firms' and individuals' strong wish to avoid reputational harm? Because that exact mechanism is mentioned repeatedly as the enforcement mechanism of arbitration, absent government. It may not be the only factor cited, but it's a lot of it.
  - wyager 5y ago
    No, the chief proposed enforcement mechanism for violating arbitration agreements is that if you do, no one is going to stop people from shooting you and taking your stuff. I.e. you become an outlaw.
    - handrous 5y ago
      Well, the book's text is available online. I suppose anyone can go figure out for themselves whether reputation (beyond just the extreme form of "people kill you because you're so unpopular") is a significant part of what it supposes would keep people and businesses in line, absent government.
      - wyager 5y ago
        It has nothing to do with people killing you because you’re unpopular; it’s to do with the fact that if you seriously violate arbitration agreements it becomes too expensive to buy protection.
        handrous 5y ago
        > no one is going to stop people from shooting you and taking your stuff. I.e. you become an outlaw. [edit, also:] > The plausible end result of violating the law is either that you have to accept the result of arbitration or you end up getting shot
        krapp 5y ago
        That seems like the monopoly on violence with... more actual violence.

The plan seems to hinge on people and companies caring very much about reputational harm. I'll... leave judging the soundness of that plan as an exercise for the reader.

dsr_ 5y ago

It may have seemed more reasonable in 1973 than it would in, say, 2019.

wyager 5y ago

It has approximately nothing to do with reputational harm. The plausible end result of violating the law is either that you have to accept the result of arbitration or you end up getting shot - essentially the same as today, except you have a lot more flexibility in picking arbitration rules.

handrous 5y ago
The Machinery of Freedom's system doesn't rely on firms' and individuals' strong wish to avoid reputational harm? Because that exact mechanism is mentioned repeatedly as the enforcement mechanism of arbitration, absent government. It may not be the only factor cited, but it's a lot of it.
- wyager 5y ago
  No, the chief proposed enforcement mechanism for violating arbitration agreements is that if you do, no one is going to stop people from shooting you and taking your stuff. I.e. you become an outlaw.
  - handrous 5y ago
    Well, the book's text is available online. I suppose anyone can go figure out for themselves whether reputation (beyond just the extreme form of "people kill you because you're so unpopular") is a significant part of what it supposes would keep people and businesses in line, absent government.
    - wyager 5y ago
      It has nothing to do with people killing you because you’re unpopular; it’s to do with the fact that if you seriously violate arbitration agreements it becomes too expensive to buy protection.
      - handrous 5y ago
        > no one is going to stop people from shooting you and taking your stuff. I.e. you become an outlaw. [edit, also:] > The plausible end result of violating the law is either that you have to accept the result of arbitration or you end up getting shot
        krapp 5y ago
        That seems like the monopoly on violence with... more actual violence.