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What does free market mean, in this particular case, even philosophically? Non-compete, as in preventing people from selling their labour, a violation of free
by ClumsyPilot 2y ago
What does free market mean, in this particular case, even philosophically?
Non-compete, as in preventing people from selling their labour, a violation of free market? Or is stopping people from agreeing to non-competes, a violation of free market?
Is allowing a man to sell himself into slavery free market, or is banning such practice something that helps to ensure the market stays free?
The more American idea of a free market is a kind of natural law of the jungle, where the strongest wins.
The more European idea of free market is that it can only exist with rigorous protections and watchful eye of a government
- steveBK123 2y agoWhat makes them anti-free-market in my mind is.. monopsony. Non-competes are a feature of monopsony because in a given industry all the buyers of labor enforce them. This is a concept related to monopoly, but on the demand rather than supply side. Even bad old USA takes (an increasing) hard line on monopolies.