ABSTRACT

Market anarchists reject the concept of monopoly government, insisting that every legal institution must be subject to correction from without. Now the market anarchist objection to government is simply a logical extension of the standard libertarian objection to coercive monopolies in general. In both market anarchism and limited government, then, the working of the system will involve different parties trying to enact their several conceptions of justice. Another commonly expressed worry is that under market anarchism justice would go to the highest bidder, thus generating a plutocratic rather than a libertarian order. Far from eschewing checks and balances, market anarchists take market competition, with its associated incentives, to instantiate a checks-and-balances system, and to do so far more reliably than could a governmental system. Minarchists sometimes charge market anarchy with lacking "legal finality" or a "final arbiter". Minarchists often insist, as an objection to anarchism, that the use of force needs to be subjected to constitutional restraints.