I initially stumbled upon the SDK's liberty colony in another post, and kind of got caught up in it and then read most of the replies in http://mises.org/Community/forums/t/2725.aspx?PageIndex=1 and got convinced it's some sort of scam (I just got $200k and you're obliged to my whims under contract for a year in an isolated wilderness where no one can save you! Hahaha!) or at this point poorly planned.
So, I was wondering how any of you would set this up? If you were making a PDA, how would it be set up/what would the contract be?
I'm thinking of a structure as follows (more or less. The point of this thread is to try to hash something like this out. I mean, I don't really know any legal terminology whatsoever. I'd be interested in seeing some flesh this out, knowing more than I do, or even possibly seeing what the costs for a PDA would look like. Any details really, this is meant to be a kind of hypothetical exercise.):
CONTRACT
Upon signing this contract you agree to pay X gold ounces down and Y gold ounces by the 15th of every month until you cancel your account at any time after signing. In exchange for this payment you will receive the services of this PDA which include:
-Protection
In the case that you have been:
*Assaulted
*Raped
*Deprived of any property
*Killed
*...(I'm just making a quick list, so I'm sure I'm missing some major crimes here)
Our agency will be obliged to investigate, collect evidence, and bring the guilty party into a dispute resolution phase.
-Dispute Resolution
By your request or by other clauses of this contract, there may be situations involving dispute resolution between yourself and another party. If this is the case, then a mutual arbitrator between the two parties will be chosen between yourself and the accused/person acting in for the accused will be chosen for a prize of Z gold ounces to cover expenses of the court, the arbitrator, and possible investigative actions of this PDA. The PDA will then work will you and the accused to enforce the decision of the court.
-Other nuances needed by contract theory?
EMPLOYMENT
Depends on the size. If it's going to be a small colony, I figure you at least need:
-1 or 2 P.I.s
-list of certified arbitrators (or get your own certification from the A.A.A.). They'd probably be employed with the PDA on a comissions-type contract.
EQUIPMENT
Building, guns, DNA-identification, crime-lab necessities. Anyone know details of this? Even on a small, small scale I could see it running into hundreds of thousands of dollars.
Edit: INTER-PDA DISPUTE RESOLUTION
There would be a public list of agreed contracts between PDAs for dispute resolution between the clients of one PDA to the clients of another PDA
"Keynesianomics is a Ponzi scheme"
"You are correct in that Capitalism does not help with poverty, but it is only because it eliminates poverty altogether.."