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Courts are integral to a free market. Without them all sorts of markets evaporate completely. More generally, having a market does not mean having a government
by Jeff_Brown 6y ago
Courts are integral to a free market. Without them all sorts of markets evaporate completely.
More generally, having a market does not mean having a government that supplies no public goods -- that is, having a government, since supplying public goods is all a government does.
- Jeff_Brown 6y agoThe confusion may be a linguistic one -- conflation of the terms "competitive" and "unregulated", and of "a" market with "the" market. The existence of some free markets does not imply that every market is free. Excepting failed states, nowhere is every market free -- the markets for grenades, ivory, medical licenses, political appointments, assassinations, etc. are all things most of us want either tightly controlled or entirely suppressed. And even in an extremely competitive market, like the ones for lettuce or generic drugs, there are still important roles for government to play. Of course regulation can be and often is grossly wasteful, even corrupt. But it's also critical to our safety.