Uma visão liberal do Estado

The market, the real social institution, the fundamental social institution, has one terrific weakness. The weakness is not in the institution of the market but in the human beings who are operating on the market. There are people who do not want to comply with the fundamental principle of the market — voluntary agreement and action according to voluntary agreement. There are people who resort to violence. And there are people who do not comply with the obligations which they have voluntarily accepted in agreement with other people. The market, the fundamental human social institution cannot exist if there is not an institution that protects it against those people who either resort to violence or who are not prepared to comply with the obligations which they have voluntarily accepted. This institution is the state, the police power of the state, the power to resort to violence in order to prevent other people, ordinary men, from resorting to violence.

Fonte: Notes taken by Bettina B. Greaves during the Mises Seminar in New York in the 1960s