Re: AC Scenario
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They dont start using the violence until they have accumulated the capital, manpower and weapons to not need customers anymore.
I'm not sure where the percentages come from, but just as there are mergers of other corporations (5 companies own 80% of the market share in many businesses), there will be consolidation of successful defense companies. A coalition of two large ones that exceed those percentages is not at all unreasonable.
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Friedman depends on protective agencies facing diseconomies of scale. Obviously, introduce economies of scale say due to network externalities and everything falls apart.
Anyways Friedman is 10x the economist Rothbard was.
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