3 ms·
The freedom of "Free market" was _freedom from economic rent_ not 'free of all restrictions'
by droopyEyelids 4y ago
The freedom of "Free market" was _freedom from economic rent_
not 'free of all restrictions'
- mistrial9 4y agoLondon was founded as a trade port where, in exchange for military protection and market advantages, you pay tax and more tax and yet another tax -- if I understand it. There are theories of law and commerce that extend from that.
- jjoonathan 4y agoWhat? Wikipedia, the Oxford English Dictionary, and nearly every informal conversation I've ever had on the subject all agree that "free market" means free of restriction, not free of rent. In practice, of course, free of "restriction" means chock-full of business entities squatting on each and every rent opportunity, strip-mining the market for maximum extraction and paying off the political establishment to keep the hustle going. I would love to live in a world that believed in freedom from economic rent, but nobody with any power interprets "free market" in that way.
- klyrs 4y agoI think they mean "to the government." Because no matter how badly megacorps treat people, folks still think that privatization of everything is the panacea.