>law enforcement agencies would have an incentive at doing their job (unlike today, when more crime = people are less opposed to increase taxes and funding the police), competition would drive the cost of law enforcement down for consumers.
No, they have an incentive to consolidate control over territory and eliminate competition. Those that 'do their job' will be outcompeted by those who simply conquer. There is no need to 'do your job' to get profits when you can just take physical power over the customer and take their money, take their house, enslave them as workers or sex slaves, etc.
The point is that these law agencies you're talking about quickly just become de facto governments (armed gangs with monopolies on violence). It would happen basically instantly.
Then we're back where we started, but without any of the gains we made since 1792.
No, they have an incentive to consolidate control over territory and eliminate competition. Those that 'do their job' will be outcompeted by those who simply conquer. There is no need to 'do your job' to get profits when you can just take physical power over the customer and take their money, take their house, enslave them as workers or sex slaves, etc.
The point is that these law agencies you're talking about quickly just become de facto governments (armed gangs with monopolies on violence). It would happen basically instantly.
Then we're back where we started, but without any of the gains we made since 1792.