The most pure form of free-market is a black market. Without any government, the free market does not have a mechanism to prevent monopolies (AKA absolute winners). Further, many markets do not even exist without the government. EG: there is no Tesla without the department of Energy [1]. The housing market would be totally different without Freddie & Fannie Mae, the banking system would also be totally different without FDIC insurance.
Capitalism creates bubbles & winners (aka monopolies). Government has to be involved to keep an even playing field and to smooth out the bubbles. No industry in the US has had no government involvement. All industries are involved with government in some form - if only to enforce contract law, or for more physical matters like using public roads, buying electricity from government run electrical companies, benefitting regulation that requires phone providers to provide service, etc..
The most profitable companies can afford the most security. It would probably work to some extent. I imagine it would mostly be for defensive purposes and to protect employees but you never know.
> most profitable companies can afford the most security. It would probably work to some extent.
Monopoly on violence requires enforcing that monopoly. Such a firm would also stomp out its competition. You’re describing government-run healthcare by an unelected government.
> You’re describing government-run healthcare by an unelected government.
Government run healthcare, the healthcare where you just go to the hospital and then you just get treated.. (?) Government run healthcare does not have a great reputation for doing cutting-edge health care, but on the other hand it does have a good reputation for taking care of people for basic needs. How is that describing a monopoly on violence? Repairing broken bones is the same as breaking bones? (If the implied argument is that health care is so heavily rationed, that people are left untreated, tantamount to violence, I would beg you to look at the statistics of which countries have more complications due to untreated illnesses (hint, the US is high on that list [1]; or we could look at health outcomes per dollar spent, US is very far down on that list, US spends multiples of other countries for the same outcome))
I would think a more apt description and example of a monopoly on violence would be narco-states. Otherwise the example is a well functioning government, and that is demonstrated in the police force and judicial system (not healthcare).
When considering the absence of the government monopoly on violence, drug markets are the closest thing there is to a true free-market. And yes, there contract enforcement is contingent upon a bunch of people standing behind you with guns.
Capitalism creates bubbles & winners (aka monopolies). Government has to be involved to keep an even playing field and to smooth out the bubbles. No industry in the US has had no government involvement. All industries are involved with government in some form - if only to enforce contract law, or for more physical matters like using public roads, buying electricity from government run electrical companies, benefitting regulation that requires phone providers to provide service, etc..
[1] https://www.energy.gov/lpo/tesla