The Market for Military Defense

Robert P Murphy gives an awesome lecture on the market for military defense or private defense as opposed to allowing a government to control how to use people, money and natural resources. He gets into great detail about common misconceptions about government management vs market management as well as talking about prominent libertarian and anarcho capitalist figures such as Ludwig Von Mises, Ian Rand, Murray Rothbard. He ties in their concepts with historical examples and talks about what incentive based decision making looks like vs making decisions that are really wasteful in reality.

He always gives really insightful talks. Part of his talks are about theory, but there are many historical facts and to incentive based concepts to show how a free society without a government apparatus making all the decisions. His lecture about private security is also really good, talking about private security and law vs government monopoly.