I've been aware of anarcho capitalism for a while but I'm still learning and trying to fully understand it. To me it seems that the main issue is that of subverters in a society and how to deal with them. For example let's say that the state of Oklahoma became it's own anarcho capitalist nation. If that happened now then every immoral corporatist would be falling all over themselves to setup shop there and then soon we would probably end up with them colluding, similar to how they have done with covid, to create all kinds of mischief for regular people living there. It seems to me that this type of collusion where corporations could essentially collude and effectively "become" a government is the main danger. With strong borders though you could set rules that, yes we are anarcho capitalist but certain actions taken at large scale to collude would result in expulsion from the territory?
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What would prevent them from setting up shop? Nothing, but the answer is In your question. "Falling all over themselves” —there would be so much competition that creating a monopoly would be exceedingly difficult, since regulatory capture would be impossible. So you’d have competitors cropping up left and right. And with no police force and politicians to simply bribe, it wouldn’t turn into an illegal cartel monopoly situation either. Bribing the police is different than setting up your own police, which is much more expensive and In that situation, your “police” don’t have any automatic superiority to a gang of regular armed citizens.
There could be towns owned by corporations, but they would have a tenuous grip on their citizens because nearby, there would be other communes and towns owned by other businesses which would create a competitive environment. Overly draconian conditions would lead to ghost towns.
Private property would probably often feature mines in an ancap situation to keep people out. I doubt that aside from main thoroughways that travel, at least by tresspass, would be all that safe. Trade routes would need to be established and honored between communities to prevent injury. Closed borders would kill trade and kill the economy.