Private dispute resolution keeps reappearing across centuries and civilizations because the economic logic that produces it is the same logic that produces every other market. State courts exhibit every pathology economists predict from monopoly: high cost and zero accountability to the people who use them.
This post argues that merchant courts were the market default that states displaced, and that technology is now restoring them.
This post argues that merchant courts were the market default that states displaced, and that technology is now restoring them.

























