Unfettered Capitalism = Communism
Just as most buildings look the same when they collapse (like a pile of stones), governments, as well, almost always collapse into the same state. Unfettered capitalism (minarchism[[84]](#_ftn84)), like unfettered communism, is an intrinsically unstable structure at the level of the nation state. Capitalism consistently collapses into a pile of stones not that different in nature from the pile into which unfettered communism collapses—specifically: A hierarchically controlled, single-party, brutal totalitarian regime.
When you give the means of production to the state, you essentially create a giant monopolistic company—and every time this has been tried, the state acts the part. Communism (or at least the thing it functionally turns into) can essentially be thought of as a model for a country in which one monopolistic company controls the entire nation’s economy.
The problem with unfettered capitalism is that after a century or so, it will always end in the same place: With most people living under the thumb of one large company (or a few colluding large companies). The end game of unfettered capitalism is the same as that of communism unless the state regularly goes through periods of intense trust busting, such as that through which Teddy Roosevelt led in the USA.
As such, we suspect that some form of minarchism or other type of unfettered capitalism would be stable and prosperous so long as it intensely focused on trust busting and breaking up all entities that grow beyond a certain size. The problem with this trust-busting minarchist state is that it would have no international agency, leaving it vulnerable to exploitation by foreign nations unless it was explicitly designed to hold nothing of value to outsiders (like a small city-state founded on land in the far north that did not own mineral rights).