2 ms·
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 ri
by 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)