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There is no such thing as a free market. The markets have all been setup by laws and regulations. In the lack of such regulations there would be no Wall Street
by coliveira 9y ago
There is no such thing as a free market. The markets have all been setup by laws and regulations. In the lack of such regulations there would be no Wall Street and not even mom-and-pop businesses would be able to survive. The tech industry exists only because governments used public money to research and develop the technologies that nowadays we call Internet. It doesn't seem to me that Google or Facebook did any of this from nothing.
- WalterBright 9y agoFree markets rely on a system of laws and regulation that prevent the use of force or fraud, and provide enforcement of contracts. That function is provided by government. The notion that the internet required government technologies and so otherwise there would be no internet is not correct. Google FidoNet, for just one example (there are others).
- coliveira 9y agoOk, now, just for one example, tell me how much money Google made on FidoNet versus the publicly funded Internet.