This is an excellent little piece by John Stossel. He is a Libertarian and brings forth some interesting points of view in regards to private industry vs government. He has a book that delves further into his ideas.
Some of the examples brought up in this video, would be familiar to anyone that has read this blog. They talked about the Flying Tigers, Somali Pirates and the MARSEC response (with mention of The Somali Project), privateering and the Letter of Marque, as well as early American colonists and their use of private security.
I would have also added some more uses of contractors that had positive results. Executive Outcomes in Angola and Sierra Leone, STTEP in Nigeria, and David Stirling’s PMSC that fought in Yemen to name a few.
It is great to finally see some alternative points of view when talking about this industry and I recommend watching this. –Matt