Ah, in a perfectly 'free' market, there is still the possibility of inadequate and asymmetrical held information. In this case, people will not make the best de

Ah, in a perfectly 'free' market, there is still the possibility of inadequate and asymmetrical held information. In this case, people will not make the best decisions because they simply do not have the information to do so. For example, someone in a company town may not know that moving to the city will most definitely result in a better job, and out of fear of this ignorance, they continue to stay in a poor situation until it reaches a point where emotionally (rather than rationally), it becomes intolerable. To me, the one of the purposes of good governance is to ensure that information is spread widely, and citizens are well educated in order to understand and take advantage of it. Edit: To add to it... recruiting children, laying debt upon them, and ensuring they only know about 1 kind of job is exactly the kind of asymmetric information that we make laws to prevent the formation of.