Jeff Deist writes in today’s Mises Daily:
We know that state monopolies invariably provide worse and worse services for more and more money. Police services are no exception. When it comes to your local police, there is no shopping around, there is no customer service, and there is no choice. Without market competition, market price signals, and market discipline, government has no ability or incentive to provide what people really want, which is peaceful and effective security for themselves, their families, their homes, and their property. As with everything government purports to provide, the public wants Andy Griffith but ends up with the Terminator.
There is no lack of Austrian scholarship in this area, the intersection between security services, state monopolies, public goods, and private alternatives. I would initially direct you toward two excellent primary sources to learn more about how markets could provide security services that no only produce less crime at a lower cost, but also provide those services in a peaceful manner.