DIGG THIS Nothing disturbs me as much as the minarchist argument that there is a need for a final arbiter and that this arbiter must be external to the market. Without a final arbiter there will be biases and problems of unjust rulings, and therefore there must be a State, goes the argument. Ayn Rand utilized this argument, saying a market without a State would degenerate into "civil war." This is the "obvious" result of protection and "violence" services offered freely in the market place — when firms selling coercive services compete, they will use the resources at hand to … Continue reading The Need for a Final Arbiter