I am glad to present a new video from Libertarian Band, opening the third section of the cycle on libertarianism. This section will describe how a stateless society works. And today’s video describes the conditions under which a stateless society will remain stable.

First, we touch upon the previously analyzed iterated prisoner’s dilemma, then we chew over Hirschleifer’s conditions for the stability of anarchy, which have been mentioned here several times, but for dessert, we provide our own answer.

Further on, I hope it will only get more exciting, so please subscribe.