4 ms·

There wouldn’t be free markets without the state. So he either doesn’t actually want free markets and wants to run a mafia state like Putin, or he is a complete

There wouldn’t be free markets without the state. So he either doesn’t actually want free markets and wants to run a mafia state like Putin, or he is a complete idiot.

TriangleEdge 2y ago
Citation needed
- foogazi 2y ago
  Pirates ? The free market in the real 3D world we inhabit needs freedom to operate granted by the local people/state
drexlspivey 2y ago
Why would a state be needed for a free market? The old American west is a recent example of no formal state with a free market.
- Xunjin 2y ago
  When you mean old is when? Also would love you to expand on this too.
  - drexlspivey 2y ago
    Roughly 1830-1890. I am referring to frontier territories before/during the westward expansion. There were mining/cattle towns (eg Deadwood). There was no official federal or state government yet. They operated under a free market obviously (you could trade with anyone, no taxes or levies). Disputes were resolved through arbitration or informal courts. They relied on private lawmen or hired security (Pinkertons)
    - dwaltrip 2y ago
      Aw yes, the frontier Wild West, famously known for peace and stability.
    - avidphantasm 2y ago
      And those markets relied upon the US Army to remove Native Americans to create the “free” real estate upon which the whole thing relied.
- wslh 2y ago
  For example, the concentration of power can manifest in monopolies or oligopolies that dominate markets, reducing competition and harming consumers. Another example from Argentina is the situation in Ushuaia, where so-called "electronic companies" benefit from significant tax exemptions. These companies basically assemble Samsung devices rather than engaging in full-scale production, yet they present these products as if they were manufactured in Argentina. This highlights how government policies can sometimes distort markets instead of fostering genuine competition or innovation. [1] https://en.wikipedia.org/wiki/Ushuaia https://en.wikipedia.org/wiki/Ushuaia
- Jordan-117 2y ago
  A healthy state funds public infrastructure the market relies on, sets regulations that curb negative externalities, and discourages monopolistic and anti-competitive practices. You can have a free market without a state, but it will be inefficient, dangerous, and eventually dominated by a handful of oligarchs.
- deleted 2y ago
  [deleted]
- ks2048 2y ago
  Most people today use term “free market” to include legal and police/military to keep the market free from abuses. A lot can be debated (various forms of IP rights, etc). But in a “Wild West” situation, is it really a free market if your neighbor can just steal your goods if he has a gun and you don’t? Going further, you could argue there’s as lot the state can do to facilitate trade (build infrastructure etc)

There wouldn’t be free markets without the state. So he either doesn’t actually want free markets and wants to run a mafia state like Putin, or he is a complete idiot.

TriangleEdge 2y ago

Citation needed

foogazi 2y ago
Pirates ? The free market in the real 3D world we inhabit needs freedom to operate granted by the local people/state

drexlspivey 2y ago

Why would a state be needed for a free market? The old American west is a recent example of no formal state with a free market.

Xunjin 2y ago
When you mean old is when? Also would love you to expand on this too.
- drexlspivey 2y ago
  Roughly 1830-1890. I am referring to frontier territories before/during the westward expansion. There were mining/cattle towns (eg Deadwood). There was no official federal or state government yet. They operated under a free market obviously (you could trade with anyone, no taxes or levies). Disputes were resolved through arbitration or informal courts. They relied on private lawmen or hired security (Pinkertons)
  - dwaltrip 2y ago
    Aw yes, the frontier Wild West, famously known for peace and stability.
  - avidphantasm 2y ago
    And those markets relied upon the US Army to remove Native Americans to create the “free” real estate upon which the whole thing relied.
wslh 2y ago
For example, the concentration of power can manifest in monopolies or oligopolies that dominate markets, reducing competition and harming consumers. Another example from Argentina is the situation in Ushuaia, where so-called "electronic companies" benefit from significant tax exemptions. These companies basically assemble Samsung devices rather than engaging in full-scale production, yet they present these products as if they were manufactured in Argentina. This highlights how government policies can sometimes distort markets instead of fostering genuine competition or innovation. [1] https://en.wikipedia.org/wiki/Ushuaia https://en.wikipedia.org/wiki/Ushuaia
Jordan-117 2y ago
A healthy state funds public infrastructure the market relies on, sets regulations that curb negative externalities, and discourages monopolistic and anti-competitive practices. You can have a free market without a state, but it will be inefficient, dangerous, and eventually dominated by a handful of oligarchs.
deleted 2y ago
[deleted]
ks2048 2y ago
Most people today use term “free market” to include legal and police/military to keep the market free from abuses. A lot can be debated (various forms of IP rights, etc). But in a “Wild West” situation, is it really a free market if your neighbor can just steal your goods if he has a gun and you don’t? Going further, you could argue there’s as lot the state can do to facilitate trade (build infrastructure etc)