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> I put 'free' in quotes because complete freedom for one person is slavery for another, so it is never completely clear to me what people actually want when th
by jkepler 7y ago
> I put 'free' in quotes because complete freedom for one person is slavery for another, so it is never completely clear to me what people actually want when they talk about free society or free markets.
My understanding is that free markets must be non-coersive and non-violent, where all participants exercise freedom in how they act or not within the marketplace. Otherwise, if we allow any form of coersion (including any price controls) we have at least some slavery, not a free markets.
- Swenrekcah 7y agoI can agree with that definition. But then again in order to ensure that you would need regulations and enforcement, so then some others might say it's not a free market. When I read my previous comment again I see it can come off as a bit preachy, I'm actually all for regulated free markets and regulated capitalism. But I also hate regulations that are only for the benefit of entrenched players, like for example when you need a license to call yourself a hairdresser or something. I do support the need for a license to call yourself a doctor or structural engineer, so it's a tricky path.
- jkepler 7y agoI agree that in the real world, while it's vital to promote freedom, I can't agree fully with anarchist friends. Looking at history, we will always need some form of government or regulation, because human brokenness runs deep. Yet, where we can decentralized power, I think we should (and suspect you'd agree), as this minimized the damage abuse of authority (or regulatory capture) can cause. In the hands of humans, liberty and justice are always proximate, not ultimate (though I think they can be real).
- ClumsyPilot 7y agoWhen people write 'free market' I always want to know the limits of it. Can I sell dangerous products? Can I lie about my product? Am I obligated to explain the negative consequences of using my products? Can I sell drugs to kids? For most people there comes a point where they say 'hang on, you are not allowed to do that!' And then the regulation debate starts.
- CharlesColeman 7y ago>> I put 'free' in quotes because complete freedom for one person is slavery for another, so it is never completely clear to me what people actually want when they talk about free society or free markets. > My understanding is that free markets must be non-coersive and non-violent, where all participants exercise freedom in how they act or not within the marketplace. Otherwise, if we allow any form of coersion (including any price controls) we have at least some slavery, not a free markets. I don't think you're really answering the GP's question. You could have a literal slave market that's totally free, non-violent, and non-coercive, because in that market, the slaves are products, not market participants. If you don't want stuff like slave trading, then you need to put limits on the free market, so an important question is what limits (if any) does the speaker want on the "free market."