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> Being pro-trade and pro-competition very often means not actually being for a free market. "Free" in this context is an ambiguous word. The libertarian argum
by TelmoMenezes 7y ago
> Being pro-trade and pro-competition very often means not actually being for a free market.
"Free" in this context is an ambiguous word. The libertarian argument is that no regulations make a market free to access for everybody. The counter-argument is that, under no regulations, rich-get-richer dynamics inevitably lead to such wealth inequality that most actors are free in strictly legalistic terms, but prevented in practice from taking any actions but the ones that attend to their immediate survival needs.
It seems clear to me that unregulated markets inexorably condemn the majority of the population to wage-slavery and having most of their waking hours controlled by someone else.
In Europe, we are interested in freedom in practice. This is only possible by protecting the underdogs, so that they do not fall into poverty traps that are impossible to get out of, as is the case in the US -- people having to work all of their waking hours just to survive, no chance of savings that would allow them to take a break and learn new things, or try new things, or just take a deep breath and think about the big picture for a second.