The Private Production of Defense

In The production of private defense (pdf), Hans-Hermann Hoppe beautifully condenses the arguments for private protection and against government-provided protection.
He first refutes the Hobbesian theory that in absence of government men would be at constant warfare against each other, with a systematic under-production of defense services.
He then highlights the two characteristics of government that put it in a bad position to institute and maintain peaceful cooperation: it is a true monopoly and it acquires resources by force.
In contrast, Hoppe theorizes that private defense is akin of insurance and analyzes how it would probably function.

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