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You are assuming that the people with guns cannot be bought.

The catch is that you don't need to keep buying them forever. You only need to keep buying them until the networked system has existed for so long that the previous system has atrophied sufficiently to make the ability to obtain a larger slice of the cake at the cost of diminishing the cake a losing proposition.

Why would people engage in an activity that so obviously undermines their power in the long term? Because people don't think long-term, particularly psychopaths.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jul 26th, 2010 at 08:49:55 AM EST
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I'm neither assuming they can't be bought, or that they will always use force instead of mutually beneficial exchange. Instead I'm suggesting that people engage in coercion strategically, and that such opportunities make concentrations of power necessary to protect a system such as an economy or any network of relationships.
by santiago on Wed Jul 28th, 2010 at 01:51:30 AM EST
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