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I wish people would use terms like "liquid market" rather than the extremely disingenuous "free market" terminology. Free markets are a marketing term that does

I wish people would use terms like "liquid market" rather than the extremely disingenuous "free market" terminology. Free markets are a marketing term that doesn't apply to reality.

mym1990 3y ago
Because liquidity is a term for assets such as stocks, and related to how quickly one can liquidate something. It has nothing to do with labor. What you may be thinking of is a “fluid market”, which corresponds to how loose or tight a labor market is. Either way, there is no problem with saying that the free market is working as it should here…free markets are a concept and of course 2 words will never summarize the extremely complex world of supply and demand, and all the exceptions to the rules(neither will whatever 2 words you come up with).
- fragmede 3y ago
  If it's not a free market, because of restrictions/regulations on that market, then we should object to calling it a free market! Look, I know it's a handy phrase that we've all grown accustomed to, but when it doesn't fit, we shouldn't try and force it to fit, just because it's comfortable.
  - mym1990 3y ago
    Then we basically have to throw the definition of any abstract idea out the window, or put an asterisk next to it with every possible caveat. Of course the implementation of a free market is not the same as the perfect concept of it because we live in a complex world. But I guess this is your hill to die on, not mine.
- diogenes4 3y ago
  Well, anyone who claims to know what a "free market" is supposed to do is straight conning you. As i said, it's a disingenuous marketing term with no application to reality. If someone intended to say "supply and demand" surely they would use "supply and demand".
  - mym1990 3y ago
    Supply and demand is a part of the free market philosophy, and it also exists in non-capitalist ideologies. What a free market is supposed to do is well understood and studied...what it actually does with the addition of caveats such as political motives, human nature, competition, etc... is very different. Sounds like you're the one that got conned.
adasdasdas 3y ago
Unless you expand on why, it just sounds like a definitional game
ahoka 3y ago
Free market means free from economic rent. Which roughly means that no one makes extra money just because they are in a position that allows it.

I wish people would use terms like "liquid market" rather than the extremely disingenuous "free market" terminology. Free markets are a marketing term that doesn't apply to reality.

mym1990 3y ago

Because liquidity is a term for assets such as stocks, and related to how quickly one can liquidate something. It has nothing to do with labor. What you may be thinking of is a “fluid market”, which corresponds to how loose or tight a labor market is. Either way, there is no problem with saying that the free market is working as it should here…free markets are a concept and of course 2 words will never summarize the extremely complex world of supply and demand, and all the exceptions to the rules(neither will whatever 2 words you come up with).

fragmede 3y ago
If it's not a free market, because of restrictions/regulations on that market, then we should object to calling it a free market! Look, I know it's a handy phrase that we've all grown accustomed to, but when it doesn't fit, we shouldn't try and force it to fit, just because it's comfortable.
- mym1990 3y ago
  Then we basically have to throw the definition of any abstract idea out the window, or put an asterisk next to it with every possible caveat. Of course the implementation of a free market is not the same as the perfect concept of it because we live in a complex world. But I guess this is your hill to die on, not mine.
diogenes4 3y ago
Well, anyone who claims to know what a "free market" is supposed to do is straight conning you. As i said, it's a disingenuous marketing term with no application to reality. If someone intended to say "supply and demand" surely they would use "supply and demand".
- mym1990 3y ago
  Supply and demand is a part of the free market philosophy, and it also exists in non-capitalist ideologies. What a free market is supposed to do is well understood and studied...what it actually does with the addition of caveats such as political motives, human nature, competition, etc... is very different. Sounds like you're the one that got conned.

adasdasdas 3y ago

Unless you expand on why, it just sounds like a definitional game

ahoka 3y ago

Free market means free from economic rent. Which roughly means that no one makes extra money just because they are in a position that allows it.