Wrong on a number of points, of course.
(1)"can free market players themselves truly enforce and protect property rights absent a competent state? Can they settle disputes among themselves...?"
(2) "Private economic actors can protect property rights, settle disputes... at a far greater cost than if these clearly public goods will be provided by a public actor--the state."
No. We see many big infrastructures (tollroads, skyways, airports, seaports, universities, hospitals, etc.) built, operated and maintained by private enterprises, providing public service to many people and still making money, the government simply collects royalties and taxes. We see capitalist markets prospering despite the laziness and stationary banditry of government.
Bong asked if I am arguingthat the state is superfluous, and what will minimal state do or not do.