2 ms·
Colloquial they are analogous in most conversations, used interchangeably in informal conversation
by phpisthebest 4y ago
Colloquial they are analogous in most conversations, used interchangeably in informal conversation
- orwin 4y agoOk, to me it's very different. Free market is from the liberal ideology, and is like "well separated market with rationnal actors will take the most appropriate decision according to available information automatically". Basically. Capitalism however: "an economic and political system in which a country's trade and industry are controlled by private owners for profit." And this is the Oxfor dictionnary definition because i don't want to misconstrue or be accused of bias. I don't see how one replace another, in any situation. Sorry. You can very well have free market in a socialist country. More than that: in an anarchist country (which doesn't and would never exist, this is more than highly hypotetical), free market is the default and would need fewer regulation, as power in a market couldn't be leveraged to gain advantages in others.
- phpisthebest 4y ago>>. You can very well have free market in a socialist country. you literally can not. Free markets are one form Capitalism, All Free markets are Capitalistic, but not all Capitalist Systems are Free Markets. Other Capitalist non-free Market systems include things like Corporatism, Welfare State, Oligarchic, etc