In a thread that had gotten long, Old Timer asked: “Libertarian– what do you mean by “The government would only enforce their contracts.”? Aside from this comment, your points seem fairly anarchist in nature, that is, advocating the abolishment of government.”
In libertarian thought, the government is limited to certain very basic functions — you know, kind of like those radicals Thomas Jefferson and James Madison had in mind. Enforcing contracts is one of those functions. If a business employs a worker and then doesn’t pay, the government enforces the contract. The interactions of free men and women then determine pay and working conditions.
This is no more anarchistic than is the idea of having for-profit grocery stores be the primary way that food gets to people. Think about the Bridgewater IGA. There is no government authority that requires it to be there or oversee how much food it orders. Anarchy! and yet it works, and is friendly.
Ask yourself this: Do you think the residents of Bridgewater would be better off if we had a government Ministry of Food responsible for getting groceries to us — instead of IGA vs. 7-11 vs. Dayton Walmart vs. Food Lion?