How law works without government
How law works without government
The person who robbed me in uninsured so my safety support representative denied my claim
Source: twitter
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To avoid the enormous costs of war, the two firms agree to arbitrate in a reputable private court
But let's say Ring is substantially larger than ADT, their deep pockets would allow them to hire substantially more private mercenaries, therefore the mere threat of war would be enough to intimidate competitors in a conflict. Sure, Ring probably can't afford a war every time they're in a legal dispute, but if you're ADT, do you risk calling their bluff?
But if that's the case, then more people would keep using Ring and then Ring would be the defacto law of the land with a monopoly on the use of violence. This would adhere to the definition of a state and it would be like what we have now but with different people in charge! Are you sure this is a good and cool ideology?
Also, what if ADT is willing to do war crimes? Their threat of biological warfare might make Ring do concessions and then ADT suddenly jumps ahead of them substantially in the market and then they continue to threaten nuclear weapons, chemical weapons, indiscriminate drones, etc. that nobody else is willing to do and then you get a bunch of the most fucked up people ever invented enacting tyrannical rule over everyone else.
Doesn't even have to be larger. It might be strategically placed at the Gulf of Aden, with the ability to shut down traffic through the Suez Canal.