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You absolutely need government force to enforce the rule that you can't use a gun to make somebody give you their wallet. That is not what I disagree with. Call
by jules 9y ago
You absolutely need government force to enforce the rule that you can't use a gun to make somebody give you their wallet. That is not what I disagree with. Calling this a market regulation is what I disagree with.
> You can't have free market except for this one little rule... that's just a very weakly regulated market.
In what sense is that a market at all? Market implies that the transactions are voluntary. Unregulated market implies that all voluntary transactions are legal. A regulated market is a market in which some transactions are disallowed even if they are voluntary. Minimum wage, for example, makes it illegal for you to offer your services for $5 per hour.
- krapp 9y ago> Market implies that the transactions are voluntary. That doesn't have to be true for all parties. Referring to your earlier comment, that "an unregulated market doesn't mean that you can shoot people," I would claim that, yes it does - all that's needed is for someone to pay you to shoot people. Murder for hire, extortion, blackmail, piracy and slavery are all examples of valid markets with non-voluntary participation. Morally reprehensible, but still valid.
- jules 9y agoThere is nothing involuntary about the _transaction_ when you hire a hitman. The involuntary bit is when the victim receives the bullet.