[JMAnon]

I listened to the entire lecture, but I had difficulty paying attention near the end. It seems like little more than rampant, counterfactual speculation to me. Lots of "insurance companies would do this," "arbitrators would do that," "people would probably do this," etc. I do not find that sort of wild-ass guessing persuasive. It is an interesting, elaborate fantasy, and maybe it would work. I am skeptical. Even if we could set up a system like Hoppe describes, I suspect that the insurance companies would quickly degenerate into monopolies either by mergers or by war. All it would take is a charismatic looter at the helm of the most powerful insurance companies. Next thing you know, you have a dictator.