A true free market?

Well, if everyone's dead, then no one has any problems. Problem solved!

How did James become president?

If only "there's a fine, fine line, between a libertarian paradise and anarchy" scanned into the Avenue Q song.

So basically, the only way it might be possible is to have a centralised PDA that acts as "the law", but then lie your arse off that this actually constitutes a "state" and it's still entirely a free market driven area, really.