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>What is a "free" market? I think this is the important question. My core belief is that actors in an economy will act according to game theory. Is a free marke

by ancap 10y ago

>What is a "free" market? I think this is the important question. My core belief is that actors in an economy will act according to game theory. Is a free market one with no rules? If so, what is to stop someone from lying, cheating, or stealing? Is a free market a system with a few basic principles? While clearly defining a free market is an important discussion, I think it out of the scope of this discussion. The direction for the thread was to explore your claim that government regulation in a market is initially introduced to mend a "failing industry". The only way to verify such a claim would be to explore some historical case. As you refuse to identify such a case, defining the term "free market" is a diversion. >In essence, the government is a sort of corporation of which I received a single share upon birth. >I simply do not believe that large, powerful, independent businesses will act with my best interests at heart. Seems contradictory, don't you think? I find it ironic that you believe private businesses would do you personal harm, but you have no similar concerns for government. It is government not businesses who are responsible for hundreds of millions of deaths in the past century alone. It is government not businesses which hold a monopoly on violence and perform their every act, even the ones you deem noble, through the threat of violence.

fnovd 10y ago
>It is government not businesses who are responsible for hundreds of millions of deaths in the past century alone. This is simply untrue. You cannot blame the concept of government for what people in governments do. I can be against what a private industry does without being against the concept of industries altogether. >I find it ironic that you believe private businesses would do you personal harm, but you have no similar concerns for government. I said no such thing. I said that I have more of a say in what happens in my government than in a private business.

by ancap 10y ago

fnovd 10y ago

>It is government not businesses who are responsible for hundreds of millions of deaths in the past century alone. This is simply untrue. You cannot blame the concept of government for what people in governments do. I can be against what a private industry does without being against the concept of industries altogether. >I find it ironic that you believe private businesses would do you personal harm, but you have no similar concerns for government. I said no such thing. I said that I have more of a say in what happens in my government than in a private business.