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How is two individuals doing what makes sense for themselves not a free market? Free market doesn't mean altruistic
by jtrtoo 10y ago
How is two individuals doing what makes sense for themselves not a free market? Free market doesn't mean altruistic
- lvs 10y agoHe can't say it outright. He's saying they were regularly manipulating the markets in which they operated in an anticompetitive manner. That's one of the main mechanisms by which free markets fail.
- rue 10y agoFreedom requires transparency. That’s what free means. Not “companies free to do whatever they please”.
- krapp 10y ago>That’s what free means. Not “companies free to do whatever they please”. The fact that you used the word "free" here to tell us what "freedom" doesn't mean implies otherwise, because I believe "free to do whatever they please" is exactly what it does mean. There are no "requirements" in a free market other than serving demand and making a profit.