3 ms·
That wouldn't be a free market. It would be some kind of oligarchic corporatism. Government is necessary to truly enable free markets. The key to understanding
by lo_zamoyski 3y ago
That wouldn't be a free market. It would be some kind of oligarchic corporatism. Government is necessary to truly enable free markets. The key to understanding that is to understand what "free" truly means [0]. It isn't "do what thou wilt".
[0] https://news.ycombinator.com/item?id=38537665 https://news.ycombinator.com/item?id=38537665
- SAI_Peregrinus 3y agoA freely competitive market (as envisioned by Adam Smith) is very different from a free market (as the term is commonly used today, at least by many conservative political parties). I fully agree that without sufficient regulations markets cease to be freely competitive.