One of the things that attracts me to libertarianism is how environmental disasters are handled. Shocker but under a more libertarian system, there would not be laws that protect wealthy corporations specifically allowing them to get away with pollution. Public and private land owners would be able to rightfully sue culprits for property damage. In fact, some of the worst polluters are nations where the state owns th…
As a litigator, I appreciate the sentiment, but litigation is ineffective at enforcing the rights of large numbers of people. Say there are no bank regulations, and a bank skims $100 of the accounts of ten million customers. The bank makes a lot of money, but it's not worthwhile for any given individual to sue. Your only recourse is the class action lawsuit, with all the limitations that entails. The situation is eve…
Even if courts did not exist, very few business would be that dumb to steal from their customers, because once details of it were known to the public, all rational customers would take their money out of the bank and it would eventually go out of business.