As usual, I listen to all the Mises Institute material and weed out the best talks to re-post here. I’ve heard this lecture three or four times over the years, and each time he has refined it and made it better. If the idea of private law, private security or even private military seems ludicrous to you then you should give this lecture a listen. He shows how the principles involved in those ideas are the same ones that already govern other privatized areas of life that we just take for granted. It’s really not as big of a leap as you would think.
This really is the most comprehensive talk on the topic you’re going to find. Most people aren’t brave enough to take on this challenge(full anarcho-capitalism). And, it really helps that Murphy is such a great speaker. He makes what could be a boring topic very interesting. Here are the video and audio versions.
Critical listening on this subject: