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guslSociety without a State
Understanding how criminal markets work is important if we want to understand the power and the limits of markets in the absence of state-enforced property rights. A recent Wired magazine article written by a mafia computer expert has some revealing information. The anonymous author writes:...there's the misconception that if you don't pay your debts, the mob will break your legs. I've seen that on TV but never in real life. Sure, some agents make their collection runs with a bodyguard, but wouldn't you want some muscle around if you were carrying tens of thousands of dollars in cash? Breaking people's legs is bad business. ...