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That is not a common definition of free market.
by fieldcny 3y ago
That is not a common definition of free market.
- imtringued 3y agoWhenever I hear people talk about free market it is usually not in the sense of economic freedom or free software. So you are correct. It generally refers to free as in free beer aka the government is supposed to subsidize the private sector and average citizens are supposed to pay for it. I'm not talking about socialists here, I'm talking about neoclassical economists and neoliberals in business and politics. Almost nobody wants to pay for the pollution they cause via CO2 taxes. Meanwhile income taxes are considered efficient despite their dead weight loss. Everything is upside down on this planet when it comes to economics.
- scarab92 3y agoI’ve literally never heard of someone defining a free market as a market with government subsidies. It’s usually defined as a market free from (excessive) government control. I think you might be trying to shoehorn domestic policy concerns into a broader definition of free markets.
- droopyEyelids 3y agoThat was Adam smith's definition when he coined the term...