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> > Somalia ruled by the warlords was a freer market > That kinda sank your argument, as Somalia is anarchy, not a free market. A free market is an economical
by cycomanic 4y ago
> > Somalia ruled by the warlords was a freer market
> That kinda sank your argument, as Somalia is anarchy, not a free market.
A free market is an economical system, anarchy is a political one. They are orthogonal to each other. In fact there are anarcho capitalists (the most extreme liberterians) and anarchistic socialists.
> > it's by no means clear which one is working better
> The US economy does much better than the European one. Look at investment returns, for example.
Investment returns? There are many developing nations that have higher than both. They are significantly based on risk of the investment.
> Look at which country all the FAANG companies are in.
So? They are also in the most regulated (least free market) state in the US, that really doesn't prove anything.