Private Property Society theory was developed by Robert Wenzel as a theory on a type of societal structure that could exist where respect for private property is preeminent. Each property owner is free to set any rules he chooses for his property based on this societal structure.
Wenzel sees no role for government laws or government security and has argued that in a Private Property Society competing private security firms would emerge,
His theory is loosely based on the anarcho-capitalist theory of Murray Rothbard. However, Wenzel rejects the notion held by Rothbard that there are natural rights. He has also rejected Rothbard's view that punishment should be "proportional." Wenzel arguing that it is impossible to measure proportional punishment since value lost in a violation of property rights is always subjective.
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