How cheaters and crooks sabotage even the reputational mechanism

This is a follow up from my vlog post yesterday (Most economists and almost all libertarians/ anarcho-capitalists have a blind spot towards governance). I’m clarifying in this youtube video, linked below, that crooks and cheaters will sabotage even well-established market mechanisms, such as the reputational mechanism.  That doesn’t mean we need occupational licensing – which […]